The carrying values of the 2023 Notes, excluding the discounts upon original issuance and third party offering costs, are as follows (in thousands): | | | | | | | | | OCTOBER 30, | | JANUARY 30, | | | 2021 | | 2021 | Liability component | | | | | | | Principal | | $ | 128,030 | | $ | 335,000 | Less: Debt discount | | | (11,912) | | | (47,064) | Net carrying amount (1) | | $ | 116,118 | | $ | 287,936 | Equity component (2) | | $ | 82,834 | | $ | 90,990 |
(1) | Includes $53.5 million classified within total current liabilities on the condensed consolidated balance sheets as of October 30, 2021 for the early conversion of $53.5 million in principal amount of 2023 Notes to be settled in the fourth quarter of fiscal 2021. |
(2) | Includes $5.0 million in mezzanine equity and the remaining amount in additional paid-in capital on the condensed consolidated balance sheets as of October 30, 2021. As of January 30, 2021, the full amount is included in additional paid-in capital on the condensed consolidated balance sheets. |
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