v3.24.3
Stockholders' Equity (Tables)
 9 Months Ended
Nov. 02, 2024
Equity [Abstract]  
Summary of Common Stock Repurchase Activity

The following table summarizes common stock repurchase activity during the three months and nine months ended November 2, 2024. There were no common stock repurchases during the three months and nine months ended October 28, 2023. (in thousands, except per share amounts):

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

November 2, 2024

 

Number of shares repurchased

 

 

220

 

 

 

1,165

 

Average price per share of repurchased shares (with commission)

 

$

25.35

 

 

$

21.46

 

Total cost of shares repurchased

 

$

5,578

 

 

$

25,000

 

 

 

 

 

 

 

 

 
Schedule of Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss and the adjustments to other comprehensive loss for amounts reclassified from accumulated other comprehensive loss into net income (loss) are as follows (in thousands):

 

 

Foreign currency
translation
adjustments (3)

 

 

Net change in fair value of marketable debt securities

 

 

Accumulated other comprehensive losses

 

Three months ended November 2, 2024:

 

 

 

 

 

 

 

 

 

Balance at August 3, 2024

 

$

(16,858

)

 

$

(1,986

)

 

$

(18,844

)

Other comprehensive expense, net (1)

 

 

(100

)

 

 

(241

)

 

 

(341

)

Balance at November 2, 2024

 

$

(16,958

)

 

$

(2,227

)

 

$

(19,185

)

Three months ended October 28, 2023:

 

 

 

 

 

 

 

 

 

Balance at July 29, 2023

 

$

(14,330

)

 

$

(4,227

)

 

$

(18,557

)

Other comprehensive expense (income), net (1)

 

 

(6,116

)

 

 

326

 

 

$

(5,790

)

Balance at October 28, 2023

 

$

(20,446

)

 

$

(3,901

)

 

$

(24,347

)

 

 

 

 

Foreign currency
translation
adjustments (3)

 

 

Net change in fair value of marketable debt securities

 

 

Accumulated other comprehensive losses

 

Nine months ended November 2, 2024:

 

 

 

 

 

 

 

 

 

Balance at February 3, 2024

 

$

(16,146

)

 

$

(2,881

)

 

$

(19,027

)

Other comprehensive expense (income), net (2)

 

 

(812

)

 

 

654

 

 

 

(158

)

Balance at November 2, 2024

 

$

(16,958

)

 

$

(2,227

)

 

$

(19,185

)

Nine months ended October 28, 2023:

 

 

 

 

 

 

 

 

 

Balance at January 28, 2023

 

$

(15,101

)

 

$

(4,692

)

 

$

(19,793

)

Other comprehensive expense (income), net (2)

 

 

(5,345

)

 

 

791

 

 

$

(4,554

)

Balance at October 28, 2023

 

$

(20,446

)

 

$

(3,901

)

 

$

(24,347

)

 

(1)
Other comprehensive loss before reclassifications was $0.2 million, net of taxes for net unrealized losses on marketable securities for the three months ended November 2, 2024. Other comprehensive loss before reclassifications was $0.2 million, net of taxes for net unrealized losses on marketable for the three months ended October 28, 2023. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the three months ended November 2, 2024 and October 28, 2023, respectively.

 

(2)
Other comprehensive income before reclassifications was $0.6 million, net of taxes for net unrealized losses on marketable securities for the nine months ended November 2, 2024. Other comprehensive income before reclassifications was $0.8 million, net of taxes for net unrealized losses on marketable securities for the nine months ended October 28, 2023. There were no net unrealized losses, net of taxes, reclassified from accumulated other comprehensive loss for the nine months ended November 2, 2024 and October 28, 2023, respectively.

 

(3)
Foreign currency translation adjustments are not adjusted for income taxes as they relate to permanent investments in our international subsidiaries.