As of January 29, 2023 and January 30, 2022, the Company held certain assets and liabilities that are required to be measured at fair value on a recurring basis:


	January 29, 2023		Level 1		Level 2		Level 3		Balance Sheet Classification
	(In thousands)
Money market funds	$	568,000	$	568,000	$	—	$	—	Cash and cash equivalents

Term deposits	8		—		8		—		Cash and cash equivalents
Forward currency contract assets	16,707		—		16,707		—		Prepaid expenses and other current assets
Forward currency contract liabilities	25,625		—		25,625		—		Other current liabilities


	January 30, 2022		Level 1		Level 2		Level 3		Balance Sheet Classification
	(In thousands)
Money market funds	$	38,475	$	38,475	$	—	$	—	Cash and cash equivalents

Term deposits	318,698		—		318,698		—		Cash and cash equivalents
Forward currency contract assets	19,077		—		19,077		—		Prepaid expenses and other current assets
Forward currency contract liabilities	18,985		—		18,985		—		Other current liabilities