Long-Term Debt, Net (Tables)

3 Months Ended

May 02, 2020

Debt Disclosure [Abstract]

Components of Long-Term Debt

Our long-term debt consisted of the following at each of May 2, 2020, February 1, 2020, and May 4, 2019:

(In thousands)	May 2, 2020			February 1, 2020		May 4, 2019
Convertible notes principal	$	415,025			-		-
Less: unamortized discount		(102,053	)		-		-
Convertible notes, net	$	312,972			-		-
Revolving credit facility borrowings		330,000			-		-
Total long-term debt, net	$	642,972			-		-
Convertible Notes- Equity portion, net of tax		68,330			-		-

Schedule of Interest Expense for Convertible Notes

Interest expense for the convertible notes was:

	13 Weeks Ended
(In thousands)	May 2, 2020		May 4, 2019
Accrued interest for interest payments	$	215	$	-
Amortization of discount		213		-
Total interest expense	$	428	$	-

Schedule of Notes Conversion Amounts

The following table discloses conversion amounts if the notes were all converted as of the end of the period:

(In thousands, except per share amounts)	May 2, 2020
Number of shares convertible		47,437
Conversion price per share	$	8.75
Value in excess of principal if converted	$	-