Fair Value Measurements (Tables)

3 Months Ended

May 02, 2026

Fair Values of Financial Assets and Hierarchy of Level of Inputs

The fair values of the Company’s financial assets and the hierarchy of the level of inputs as of May 2, 2026, January 31, 2026 and May 3, 2025 are summarized below:


	(in thousands)
	Fair Value Measurements at
	May 2,		January 31,		May 3,
	2026		2026		2025
Level 1
Cash equivalents	$	268,441	$	746,996	$	348

Fair Values of Financial Liabilities

The fair values of the Company’s financial liabilities are summarized below:


	(in thousands)
	May 2, 2026				January 31, 2026				May 3, 2025
	Principal Amount		Fair Value		Principal Amount		Fair Value		Principal Amount		Fair Value
Term Loan Facility	$	1,726,225	$	1,728,383	$	1,730,606	$	1,730,606	$	1,243,750	$	1,228,203
2027 Convertible Notes		186,071		299,113		297,069		451,205		297,069		390,199
ABL Line of Credit (a)		—		—		—		—		100,000		100,000
Total debt (b)	$	1,912,296	$	2,027,496	$	2,027,675	$	2,181,811	$	1,640,819	$	1,718,402

(a)

To the extent the Company has any outstanding borrowings under the ABL Line of Credit, the fair value would approximate its reported value, because the interest rate is variable and reflects current market rates, due to its short term nature.

(b)

The table above excludes finance lease obligations, debt discount and deferred debt costs.