Convertible Senior Notes and Related Transactions (Tables)

3 Months Ended

Apr. 30, 2022

The Notes consist of the following (in thousands):


	Apr 30, 2022		Jan 29, 2022
Liability component:
Principal	$	300,000	$	300,000
Unamortized debt discount1	—		(27,498)
Unamortized issuance costs	(1,693)		(1,907)
Net carrying amount	$	298,307	$	270,595

Equity component, net2	$	(759)	$	42,320

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Notes:

1Due to adoption of new authoritative guidance, unamortized debt discount was derecognized on January 30, 2022.

2As a result of adoption of new authoritative guidance on January 30, 2022, the equity component was eliminated and recorded as an adjustment to retained earnings. As of April 30, 2022, the balance is associated with convertible bond hedge issuance costs and deferred taxes, which are not impacted by the adoption. As of January 29, 2022, the balance was included in paid-in capital within stockholders’ equity on the condensed consolidated balance sheets and is net of debt issuance costs and deferred taxes.