Fair Value Measurements (Tables)

6 Months Ended

Aug. 01, 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 August 1, 2026, January 31, 2026 and August 2, 2025 are summarized below:


	(in thousands)
	Fair Value Measurements at
	August 1,		January 31,		August 2,
	2026		2026		2025
Level 1
Cash equivalents	$	170,084	$	746,996	$	322,233

Fair Values of Financial Liabilities

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


	(in thousands)
	August 1, 2026				January 31, 2026				August 2, 2025
	Principal Amount		Fair Value		Principal Amount		Fair Value		Principal Amount		Fair Value
Term Loan Facility	$	1,721,844	$	1,719,691	$	1,730,606	$	1,730,606	$	1,739,369	$	1,730,454
2027 Convertible Notes		186,071		339,280		297,069		451,205		297,069		433,049
ABL Line of Credit (a)		—		—		—		—		—		—
Total debt (b)	$	1,907,915	$	2,058,971	$	2,027,675	$	2,181,811	$	2,036,438	$	2,163,503

(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.