Debt - (Tables)

9 Months Ended

Nov. 06, 2022

The Notes consisted of the following (in thousands):


	At the End of
	Fiscal 2022		Third Quarter of Fiscal 2023
Liability:
Principal	$	575,000	$	575,000
Less: debt discount, net of amortization	(35,641)		—
Less: debt issuance costs, net of amortization	(2,580)		(1,145)
Net carrying amount of the Notes	$	536,779	$	573,855

Stockholders' equity recorded at issuance:
Allocated value of the conversion feature	$	136,333	$	—
Less: debt issuance costs	(3,068)		—
Additional paid-in capital	$	133,265	$	—

Schedule of Interest Expense

The following table sets forth total interest expense recognized related to the Notes for the third quarter and first three quarters of fiscal 2022 and 2023 (in thousands):


	Third Quarter of Fiscal						First Three Quarters of Fiscal
	2022			2023			2022			2023
Amortization of debt discount	$	7,184		$	—		$	21,029		$	—
Amortization of debt issuance costs	520			650			1,523			1,947
Total amortization of debt discount and debt issuance costs	7,704			650			22,552			1,947
Contractual interest expense	181			179			537			537
Total interest expense related to the Notes	$	7,885		$	829		$	23,089		$	2,484

Effective interest rate of the liability component	5.6		%	0.6		%	5.6		%	0.6		%