v3.26.1
Long-Term Debt (Tables)
 3 Months Ended
Apr. 26, 2026
Debt Instruments [Abstract]  
Schedule of Long-term Debt
Long-term debt and the current period interest rates were as follows:
(in thousands, except percentages)April 26, 2026January 25, 2026
1.625% convertible senior notes due 2027
$100,500 $100,500 
0% convertible senior notes due 2030
402,500 402,500 
Total debt$503,000 $503,000 
Debt issuance costs(11,018)(11,766)
Total long-term debt, net of debt issuance costs$491,982 $491,234 
Weighted-average effective interest rate (1)
0.55 %0.55 %
(1) The revolving loans bear interest at variable rates based on Adjusted Term SOFR or a Base Rate (as defined in the Credit Agreement), at the Company’s option, plus an applicable margin that varies based on the Company's consolidated leverage ratio. As of April 26, 2026, the effective interest rate was a weighted-average rate that represented (a) interest on the remaining debt under the 2027 Notes outstanding at a fixed rate of 1.625%, and (b) interest on the 2030 Notes outstanding at a fixed rate of 0%. As of January 25, 2026, the effective interest rate was a weighted average-rate that represented (a) interest on the 2027 Notes outstanding at a fixed rate of 1.625%, and (b) interest on the 2030 Notes outstanding at a fixed rate of 0%.
Schedule Of Interest Expense
Interest expense was comprised of the following components for the periods presented:
 Three Months Ended
(in thousands)April 26, 2026April 27, 2025
Contractual interest$766 $5,440 
Amortization of deferred financing costs1,090 1,254 
Write-off of deferred financing costs— 152 
Interest swap agreement— (108)
Interest rate swap termination— (156)
Total interest expense$1,856 $6,582