v3.26.1
Fair Value Measurement
 3 Months Ended
May 03, 2026
Fair Value Disclosures [Abstract]  
Fair Value Measurement Fair Value Measurement
Assets and liabilities measured at fair value on a recurring basis
As of May 3, 2026 and February 1, 2026, the Company held certain assets and liabilities that are required to be measured at fair value on a recurring basis:
May 3,
2026		Level 1Level 2Level 3Balance Sheet Classification
(In thousands)
Money market funds$292,150 $292,150 $— $— Cash and cash equivalents
Forward currency contract assets18,581 — 18,581 — Prepaid expenses and other current assets
Forward currency contract liabilities21,311 — 21,311 — Other current liabilities

February 1,
2026		Level 1Level 2Level 3Balance Sheet Classification
(In thousands)
Money market funds$354,731 $354,731 $— $— Cash and cash equivalents
Forward currency contract assets30,996 — 30,996 — Prepaid expenses and other current assets
Forward currency contract liabilities36,476 — 36,476 — Other current liabilities
The Company has short-term, highly liquid investments classified as cash equivalents, which are invested in money market funds and short-term deposits with original maturities of three months or less.
Assets and liabilities measured at fair value on a non-recurring basis
The Company has also recorded lease termination liabilities at fair value on a non-recurring basis, determined using Level 3 inputs based on remaining lease rentals and reduced by estimated sublease income.