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Fair Value Measurements (Tables)
12 Months Ended
Jan. 28, 2024
Fair Value Disclosures [Abstract]  
Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis
The fair values of financial assets and liabilities measured and recorded at fair value on a recurring basis were presented in the Balance Sheets as follows:
January 28, 2024January 29, 2023
(in thousands)Total(Level 1)(Level 2)(Level 3)Total(Level 1)(Level 2)(Level 3)
Financial assets:
Interest rate swap agreement$7,321 $— $7,321 $— $6,067 $— $6,067 $— 
Total return swap contracts— — — — 91 — 91 — 
Convertible debt investments12,117 — — 12,117 13,995 — — 13,995 
Foreign currency forward contracts169 — 169 — 717 — 717 — 
Total financial assets$19,607 $— $7,490 $12,117 $20,870 $— $6,875 $13,995 
Financial liabilities:
Interest rate swap agreement$$— $$— $6,432 $— $6,432 $— 
Total financial liabilities $$— $$— $6,432 $— $6,432 $— 
Fair Value, Assets Measured on Recurring Basis
The following table presents a reconciliation of the changes in convertible debt investments in the fiscal year ended January 28, 2024:
(in thousands)
Balance at January 29, 2023$13,995 
Increase in credit loss reserve(1,413)
Interest accrued806 
Conversion to equity(1,271)
Balance at January 28, 2024$12,117 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table displays the carrying values and fair values of the 2027 Notes and 2028 Notes:
January 28, 2024January 29, 2023
(in thousands)Fair Value HierarchyCarrying ValueFair ValueCarrying ValueFair Value
1.625% convertible senior notes due 2027, net (1)
Level 2310,563 262,571 308,150 345,075 
4.00% convertible senior notes due 2028, net (2)
Level 2241,829 313,299 — — 
Total convertible notes, net of debt issuance costs$552,392 $575,870 $308,150 $345,075 
(1) The 1.625% convertible senior notes due 2027, net are reflected net of $8.9 million and $11.4 million of unamortized debt issuance costs as of January 28, 2024 and January 29, 2023, respectively.
(2) The 4.00% convertible senior notes due 2028, net are reflected net of $8.2 million of unamortized debt issuance costs as of January 28, 2024.