v3.25.1
Subsequent Events
3 Months Ended
May 03, 2025
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Dividends
On June 5, 2025, the Company announced a regular quarterly cash dividend of $0.30 per share on the Company’s common stock. The cash dividend will be paid on July 3, 2025 to shareholders of record as of the close of business on June 18, 2025. As a result of this dividend declaration and in accordance with the terms of
the 2028 Indenture, the Company will adjust the conversion rate (which is expected to increase) and the conversion price (which is expected to decrease) of the 2028 Notes, effective as of June 18, 2025. A downward adjustment is also expected to be made to the strike prices of the 2028 Bond Hedge and 2028 Warrants, each of which will be decreased in accordance with the terms of the 2028 Bond Hedge confirmations and 2028 Warrants confirmations.