v3.26.1
Long-Term Debt (Tables)
 6 Months Ended
Jul. 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)July 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 
Current portion, net(143,362)— 
Debt issuance costs(10,270)(11,766)
Total long-term debt, net of debt issuance costs$349,368 $491,234 
Weighted-average effective interest rate (1)
0.47 %0.55 %
(1) The revolving loans bear interest at variable rates based on Adjusted Term SOFR or a Base Rate (as defined in the 2026 Credit Agreement), at the Company’s option, plus an applicable margin that varies based on the Company's consolidated leverage ratio. As of July 26, 2026 and January 25, 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%.
Schedule Of Interest Expense
Interest expense was comprised of the following components for the periods presented:
Three Months EndedSix Months Ended
(in thousands)July 26, 2026July 27, 2025July 26, 2026July 27, 2025
Contractual interest$711 $4,734 $1,477 $10,174 
Amortization of deferred financing costs1,054 1,271 2,144 2,525 
Write-off of deferred financing costs193 364 193 516 
Interest swap agreement— (87)— (195)
Interest rate swap termination— (1,047)— (1,203)
Total interest expense$1,958 $5,235 $3,814 $11,817