v3.23.2
Fair Value Measurements (Tables)
 6 Months Ended
Jul. 30, 2023
Fair Value Disclosures [Abstract]  
Schedule of Fair Value, Assets and Liabilities Measured on 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:
 July 30, 2023January 29, 2023
(in thousands)Total(Level 1)(Level 2)(Level 3)Total(Level 1)(Level 2)(Level 3)
Financial assets:
Interest rate swap agreement$13,396 $— $13,396 $— $6,067 $— $6,067 $— 
Total return swap contracts43 — 43 — 91 — 91 — 
Convertible debt investments14,249 — — 14,249 13,995 — — 13,995 
Foreign currency forward contracts309 — 309 — 717 — 717 — 
Total financial assets$27,997 $— $13,748 $14,249 $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 six months ended July 30, 2023:
(in thousands)
Balance at January 29, 2023$13,995 
Increase in credit loss reserve(260)
Interest accrued514 
Balance at July 30, 2023$14,249 
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments
The following table displays the carrying values and fair values of the Notes:
 July 30, 2023January 29, 2023
(in thousands)Fair Value HierarchyCarrying ValueFair ValueCarrying ValueFair Value
1.625% convertible senior notes due 2027, net (1)
Level 2309,358 304,371 308,150 345,075 
(1) The 1.625% convertible senior notes due 2027, net are reflected net of $10.1 million and $11.4 million of unamortized debt issuance costs as of July 30, 2023 and January 29, 2023, respectively.