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Stockholders' Equity
 3 Months Ended
May 03, 2026
Equity [Abstract]  
Stockholders' Equity
Note 9. Stockholders’ Equity
Preferred Stock
We have 20.0 million authorized shares of undesignated preferred stock, the rights, preferences and privileges of which may be designated from time to time by our Board of Directors. At the end of the first quarter of fiscal 2027, there were no shares of preferred stock issued or outstanding.
Class A and Class B Common Stock
We have two classes of authorized common stock, Class A common stock, which we refer to as our “common stock”, and Class B common stock. At the end of the first quarter of fiscal 2027, we had 2.0 billion authorized shares of Class A common stock and 250.0 million authorized shares of Class B common stock, with each class having a par value of $0.0001 per share. At the end of the first quarter of fiscal 2027, 332.1 million shares of Class A common stock were issued and outstanding.
Share Repurchase Program
Our Board of Directors has authorized up to $1.8 billion under our share repurchase program. At the end of the first quarter of fiscal 2027, $244.9 million remained available for future share repurchases under our current repurchase authorization.
The following table summarizes the stock repurchase activity for the first quarter of fiscal 2026 and 2027 (in thousands except for per share amounts):
 
First Quarter of Fiscal
 20262027
Number of shares repurchased and retired
2,492 1,282 
Average price per share (1)
$48.10 $65.59 
Aggregate purchase price (1)
$119,887 $84,077 
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(1) Excludes transaction costs that are included in the repurchases of common stock on the consolidated statements of cash flows.