Fair Value (Tables)

3 Months Ended

May 02, 2026

Company's Assets and Liabilities Measured at Fair Value

The following table provides the three levels of the hierarchy and the distribution of the Company’s assets measured at fair value on a recurring basis, as of May 2, 2026 and January 31, 2026:


	Assets and Liabilities at Fair Value as of May 2, 2026
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	189,156	$	11,187	$	—	$	200,343
Derivative instruments (2)	—		367		—		367
Rabbi Trust assets (3)	1,164		55,844		—		57,008
Restricted cash equivalents (1)	3,087		629		—		3,716
Total assets	$	193,407	$	68,027	$	—	$	261,434

Liabilities:
Derivative instruments (2)	$	—	$	988	$	—	$	988
Total liabilities	$	—	$	988	$	—	$	988


	Assets and Liabilities at Fair Value as of January 31, 2026
(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Cash equivalents (1)	$	341,768	$	19,109	$	—	$	360,877
Derivative instruments (2)	—		350		—		350
Rabbi Trust assets (3)	1,164		55,443		—		56,607
Restricted cash equivalents (1)	3,089		629		—		3,718
Total assets	$	346,021	$	75,531	$	—	$	421,552

Liabilities:
Derivative instruments (2)	$	—	$	2,336	$	—	$	2,336
Total liabilities	$	—	$	2,336	$	—	$	2,336

(1) Level 1 assets consisted of investments in money market funds and U.S. treasury bills. Level 2 assets consisted of time deposits with original maturities of less than three months.

(2) Level 2 assets and liabilities consisted primarily of foreign currency exchange forward contracts.

(3) Level 1 assets consisted of investments in money market funds. Level 2 assets consisted of trust-owned life insurance policies.