SecureWorks (SCWX) 10-Q 8 Jun 23 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	May 05, 2023	Jun. 05, 2023
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 05, 2023
Document Transition Report	false
Entity File Number	001-37748
Entity Registrant Name	SecureWorks Corp
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0463349
Entity Address, Address Line One	One Concourse Parkway NE
Entity Address, Address Line Two	Suite 500
Entity Address, City or Town	Atlanta,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30328
City Area Code	404
Local Phone Number	327-6339
Title of 12(b) Security	Class A Common Stock,
Trading Symbol	SCWX
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001468666
Current Fiscal Year End Date	--02-03
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q1
Amendment Flag	false
Common Stock - Class A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		16,031,774
Common Stock - Class B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		70,000,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($) $ in Thousands	May 05, 2023	Feb. 03, 2023
Current assets:
Cash and cash equivalents	$ 94,510	$ 143,517
Accounts receivable, net of allowances of $1,850 and $2,402, respectively	56,994	72,627
Inventories, net	675	620
Other current assets	17,515	17,526
Total current assets	169,694	234,290
Property and equipment, net	4,122	4,632
Operating lease right-of-use assets, net	9,367	9,256
Goodwill	425,370	425,519
Intangible assets, net	99,414	106,208
Other non-current assets	64,725	60,965
Total assets	772,692	840,870
Current liabilities:
Accounts payable	14,768	18,847
Accrued and other current liabilities	53,489	81,566
Short-term deferred revenue	139,591	145,170
Total current liabilities	207,848	245,583
Long-term deferred revenue	9,884	11,162
Operating lease liabilities, non-current	11,025	12,141
Other non-current liabilities	14,282	14,023
Total liabilities	243,039	282,909
Commitments and contingencies (Note 6)
Stockholders' equity:
Preferred stock - $0.01 par value: 200,000 shares authorized; — shares issued	0	0
Additional paid in capital	969,490	967,367
Accumulated deficit	(415,091)	(384,121)
Accumulated other comprehensive loss	(5,710)	(6,237)
Treasury stock, at cost - 1,257 and 1,257 shares, respectively	(19,896)	(19,896)
Total stockholders' equity	529,653	557,961
Total liabilities and stockholders' equity	772,692	840,870
Common Stock - Class A
Stockholders' equity:
Common stock	160	147
Common Stock - Class B
Stockholders' equity:
Common stock	$ 700	$ 700

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	May 05, 2023	Feb. 03, 2023
Accounts receivable, allowance for doubtful accounts	$ 1,850	$ 2,402
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000	200,000
Preferred Stock, shares issued (in shares)	0	0
Treasury stock, shares (in shares)	1,257	1,257
Common Stock - Class A
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,500,000	2,500,000
Common stock, shares issued (in shares)	16,031	14,749
Common stock, shares outstanding (in shares)	16,031	14,749
Common Stock - Class B
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000	500,000
Common stock, shares issued (in shares)	70,000	70,000
Common stock, shares outstanding (in shares)	70,000	70,000

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Total net revenue	$ 94,395	$ 121,015
Total cost of revenue	42,786	49,435
Gross profit	51,609	71,580
Operating expenses:
Research and development	31,172	33,331
Sales and marketing	34,526	39,245
General and administrative	22,263	25,360
Total operating expenses	87,961	97,936
Operating loss	(36,352)	(26,356)
Interest and other, net	(1,746)	(697)
Loss before income taxes	(38,098)	(27,053)
Income tax benefit	(7,128)	(5,455)
Net loss	$ (30,970)	$ (21,598)
Loss per common share (basic in usd per share)	$ (0.36)	$ (0.26)
Loss per common share (diluted in usd per share)	$ (0.36)	$ (0.26)
Weighted-average common shares outstanding (basic in shares)	85,431	83,763
Weighted-average common shares outstanding (diluted in shares)	85,431	83,763
Subscription
Total net revenue	$ 77,259	$ 94,413
Total cost of revenue	31,019	32,826
Professional services
Total net revenue	17,136	26,602
Total cost of revenue	$ 11,767	$ 16,609

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (30,970)	$ (21,598)
Foreign currency translation adjustments, net of tax	527	(2,840)
Comprehensive loss	$ (30,443)	$ (24,438)

CONDENSED CONSOLIDATED STATEM_5

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Cash flows from operating activities:
Net loss	$ (30,970)	$ (21,598)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	8,980	9,383
Amortization of right of use asset	627	964
Amortization of costs capitalized to obtain revenue contracts	4,574	4,514
Amortization of costs capitalized to fulfill revenue contracts	954	1,395
Stock-based compensation expense	7,270	9,126
Effects of exchange rate changes on monetary assets and liabilities denominated in foreign currencies	1,940	565
Income tax benefit	(7,128)	(5,455)
Provision for credit losses	(223)	53
Changes in assets and liabilities:
Accounts receivable	15,586	10,728
Net transactions with Dell	5,179	(847)
Inventories	(55)	132
Other assets	(2,660)	(3,102)
Accounts payable	(4,126)	7,674
Deferred revenue	(7,304)	(3,421)
Operating leases, net	(1,822)	(1,483)
Accrued and other liabilities	(33,005)	(33,507)
Net cash used in operating activities	(42,183)	(24,879)
Cash flows from investing activities:
Capital expenditures	(480)	(413)
Software development costs	(1,210)	(1,701)
Net cash used in investing activities	(1,690)	(2,114)
Cash flows from financing activities:
Taxes paid on vested restricted shares	(5,134)	(7,442)
Net cash used in financing activities	(5,134)	(7,442)
Net decrease in cash and cash equivalents	(49,007)	(34,435)
Cash and cash equivalents at beginning of the period	143,517	220,655
Cash and cash equivalents at end of the period	$ 94,510	$ 186,220

CONDENSED CONSOLIDATED STATEM_6

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock - Class A	Common Stock - Class B	Common Stock Common Stock - Class A	Common Stock Common Stock - Class B	Additional Paid in Capital	Accumulated Deficit	Accumulated Other Comprehensive (Loss) Income	Treasury Stock
Beginning balance (in shares) at Jan. 28, 2022				14,282	70,000
Beginning balance at Jan. 28, 2022	$ 648,057			$ 143	$ 700	$ 939,404	$ (269,622)	$ (2,672)	$ (19,896)
Statement of Shareholders' Equity
Net loss	(21,598)						(21,598)
Other comprehensive loss	(2,840)							(2,840)
Vesting of restricted stock units (in shares)				1,213
Vesting of restricted stock units	0			$ 12		(12)
Common stock withheld as payment for withholding taxes upon the vesting of restricted shares (in shares)				(636)
Common stock withheld as payment for withholding taxes upon the vesting of restricted shares	(7,442)			$ (6)		(7,436)
Stock-based compensation	9,126					9,126
Ending balance (in shares) at Apr. 29, 2022				14,859	70,000
Ending balance at Apr. 29, 2022	625,303			$ 149	$ 700	941,082	(291,220)	(5,512)	(19,896)
Beginning balance (in shares) at Feb. 03, 2023		14,749	70,000	14,749	70,000
Beginning balance at Feb. 03, 2023	557,961			$ 147	$ 700	967,367	(384,121)	(6,237)	(19,896)
Statement of Shareholders' Equity
Net loss	(30,970)						(30,970)
Other comprehensive loss	527							527
Vesting of restricted stock units (in shares)				1,935
Vesting of restricted stock units	0			$ 19		(19)
Common stock withheld as payment for withholding taxes upon the vesting of restricted shares (in shares)				(653)
Common stock withheld as payment for withholding taxes upon the vesting of restricted shares	(5,134)			$ (6)		(5,128)
Stock-based compensation	7,270					7,270
Ending balance (in shares) at May. 05, 2023		16,031	70,000	16,031	70,000
Ending balance at May. 05, 2023	$ 529,653			$ 160	$ 700	$ 969,490	$ (415,091)	$ (5,710)	$ (19,896)

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
	May 05, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION Description of the Business SecureWorks Corp. is a leading global cybersecurity provider of technology-driven solutions singularly focused on protecting the Company’s customers. Except where the context otherwise requires or where otherwise indicated, all references in this report to “Secureworks,” “we,” “us,” “our” and “Company” refer to SecureWorks Corp. and our subsidiaries on a consolidated basis. References to “Dell” refer to Dell Inc. and its subsidiaries on a consolidated basis. The Company has one primary business activity, which is to provide customers with technology-driven cybersecurity solutions. The Company’s chief operating decision-maker, who is the Chief Executive Officer, makes operating decisions, assesses performance and allocates resources on a consolidated basis. There are no segment managers who are held accountable for operations and operating results below the consolidated unit level. Accordingly, Secureworks operates its business as a single reportable segment. On April 27, 2016, the Company completed its initial public offering, or IPO. Upon the closing of the IPO, Dell Technologies Inc., or Dell Technologies, owned, indirectly through Dell and its subsidiaries, all shares of the Company’s outstanding Class B common stock, which as of May 5, 2023 represented approximately 81.4% of the Company's total outstanding shares of common stock and approximately 97.8% of the combined voting power of both classes of the Company's outstanding common stock. Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The preparation of financial statements in accordance with GAAP requires management to make assumptions and estimations that affect the amounts reported in the Company’s financial statements and notes. The inputs into certain of the Company’s assumptions and estimations considered the economic implications of the Ukraine/Russia conflict and inflation concerns on the Company’s critical and significant accounting estimates. The condensed consolidated financial statements include assets, liabilities, revenue and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation. For the periods presented, Dell has provided various corporate services to the Company in the ordinary course of business, including finance, tax, human resources, legal, insurance, IT, procurement and facilities-related services. The cost of these services is charged in accordance with a shared services agreement that went into effect on August 1, 2015. For more information regarding the related party transactions, see “Note 10—Related Party Transactions.” During the periods presented in the financial statements, Secureworks did not file separate federal tax returns, as the Company is generally included in the tax grouping of other Dell entities within the respective entity’s tax jurisdiction. The income tax benefit has been calculated using the separate return method, modified to apply the benefits-for-loss approach. Under this approach, net operating losses or other tax attributes are characterized as realized or as realizable by Secureworks when those attributes are utilized or expected to be utilized by other members of the Dell consolidated group. See “Note 9—Income and Other Taxes” for more information. Fiscal Year The Company’s fiscal year is the 52- or 53-week period ending on the Friday closest to January 31. The Company refers to the fiscal year ending February 2, 2024 and the fiscal year ended February 3, 2023 as fiscal 2024 and fiscal 2023, respectively. Fiscal 2024 consists of 52 weeks and fiscal 2023 consisted of 53 weeks. In fiscal 2024, each quarter has 13 weeks. In fiscal 2023, each quarter consisted of 13 weeks except for the fourth quarter, which consisted of 14 weeks. Unless otherwise indicated, all changes identified for the current-period results represent comparisons to results for the prior corresponding fiscal periods. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Estimates are revised as additional information becomes available. In the Condensed Consolidated Statements of Operations, estimates are used when accounting for revenue arrangements, determining the cost of revenue, allocating cost and estimating the impact of contingencies. In the Condensed Consolidated Statements of Financial Position, estimates are used in determining the valuation and recoverability of assets, such as accounts receivables, inventories, fixed assets, capitalized software, goodwill and other identifiable intangible assets. Estimates are also used in determining the reported amounts of liabilities, such as taxes payable and the impact of contingencies. All estimates also impact the Condensed Consolidated Statements of Operations. Actual results could differ from these estimates due to risks and uncertainties, including uncertainty in the current economic environment due to the Ukraine/Russia conflict and impacts of inflation. The Company considered the potential impact of the current economic and geopolitical uncertainty on its estimates and assumptions and determined there was not a material impact to the Company’s condensed consolidated financial statements as of and for the three months ended May 5, 2023. As current economic environment continues to develop, many of the Company’s estimates could require increased judgment and be subject to a higher degree of variability and volatility. As a result, the Company’s estimates may change materially in future periods. Recently Adopted Accounting Pronouncements None. Summary of Significant Accounting Policies There have been no significant changes to the Company’s significant accounting policies as of and for the three months ended May 5, 2023, as compared to the significant accounting policies described in the Company’s Annual Report on Form 10-K for the fiscal year ended February 3, 2023.

LOSS PER SHARE

LOSS PER SHARE	3 Months Ended
	May 05, 2023
Earnings Per Share [Abstract]
LOSS PER SHARE	LOSS PER SHARE Loss per share is calculated by dividing net loss for the periods presented by the respective weighted-average number of common shares outstanding, and excludes any dilutive effects of share-based awards that may be anti-dilutive. Diluted net loss per common share is computed by giving effect to all potentially dilutive common shares, including common stock issuable upon the exercise of stock options and unvested restricted common stock and restricted stock units. The Company applies the two-class method to calculate earnings per share. Because the Class A common stock and the Class B common stock share the same rights in dividends and earnings, earnings per share (basic and diluted) are the same for both classes of common stock. Since losses were incurred in all periods presented, all potential common shares were determined to be anti-dilutive. The following table sets forth the computation of loss per common share (in thousands, except per share amounts): Three Months Ended May 5, April 29, Numerator: Net loss $ (30,970) $ (21,598) Denominator: Weighted-average number of shares outstanding: Basic and Diluted 85,431 83,763 Loss per common share: Basic and Diluted $ (0.36) $ (0.26) Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units 4,860 5,902

CONTRACT BALANCES AND CONTRACT

CONTRACT BALANCES AND CONTRACT COSTS	3 Months Ended
	May 05, 2023
Revenue from Contract with Customer [Abstract]
CONTRACT BALANCES AND CONTRACT COSTS	CONTRACT BALANCES AND CONTRACT COSTS The Company derives revenue primarily from subscription revenue and professional services. Subscription revenue is derived from (i) Taegis software-as-a-service, or SaaS, security platform and supplemental Managed Detection and Response, or MDR, services, and (ii) Managed Security Services. Taegis’ core offerings are the security platform, Taegis Extended Detection and Response, or XDR, and the MDR service, ManagedXDR. Managed Security Services are subscription-based arrangements that typically include a suite of security services utilizing the legacy platform. Professional services typically include incident response, adversarial testing services and other security consulting arrangements. The following table presents revenue by service type (in thousands): Three Months Ended May 5, April 29, Net revenue: Taegis Subscription Solutions $ 62,596 $ 37,216 Managed Security Services 14,663 57,197 Total Subscription revenue $ 77,259 $ 94,413 Professional Services 17,136 26,602 Total net revenue $ 94,395 $ 121,015 Promises to provide the Company’s subscription-based solutions related to SaaS applications are accounted for as separate performance obligations and managed security services are accounted for as a single performance obligation. Our subscription-based solutions have an average contract term of approximately two years as of May 5, 2023. Performance obligations related to the Company’s professional services contracts are separate obligations associated with each service. Although the Company has multi-year customer relationships for various professional service solutions, the arrangement is typically structured as a separate performance obligation over the contract period and recognized over a duration of less than one year. The deferred revenue balance does not represent the total contract value of annual or multi-year, non-cancelable subscription agreements. The Company invoices its customers based on a variety of billing schedules. During the three months ended May 5, 2023, on average, approximately 65% of the Company’s recurring revenue was billed annually in advance and approximately 35% was billed on either a monthly or quarterly basis in advance. In addition, many of the Company’s professional services engagements are billed in advance of service commencement. The deferred revenue balance is influenced by several factors, including seasonality, the compounding effects of renewals, invoice duration and invoice timing. Changes to the Company’s deferred revenue during the three months ended May 5, 2023 and April 29, 2022 are as follows (in thousands): As of February 3, 2023 Upfront payments received and billings during the three months ended May 5, 2023 Revenue recognized during the three months ended May 5, 2023 As of May 5, 2023 Deferred revenue $ 156,332 $ 63,370 $ (70,227) $ 149,475 As of January 28, 2022 Upfront payments received and billings during the three months ended April 29, 2022 Revenue recognized during the three months ended April 29, 2022 As of April 29, 2022 Deferred revenue $ 176,068 $ 90,799 $ (93,400) $ 173,467 Remaining Performance Obligation The remaining performance obligation represents the transaction price allocated to contracted revenue that has not yet been recognized, which includes deferred revenue and non-cancellable contracts that will be invoiced and recognized as revenue in future periods. The remaining performance obligation consists of two elements: (i) the value of remaining services to be provided through the contract term for customers whose services have been activated, or active; and (ii) the value of subscription-based solutions contracted with customers that have not yet been installed, or backlog. Backlog is not recorded in revenue, deferred revenue or elsewhere in the consolidated financial statements until the Company establishes a contractual right to invoice, at which point backlog is recorded as revenue or deferred revenue, as appropriate. The Company applies the practical expedient in ASC paragraph 606-10-50-14(a) and does not disclose information about remaining performance obligations that are part of a contract that has an original expected duration of one year or less. The Company expects that the amount of backlog relative to the total value of its contracts will change from year to year due to several factors, including the amount invoiced at the beginning of the contract term, the timing and duration of the Company’s customer agreements, varying invoicing cycles of agreements and changes in customer financial circumstances. Accordingly, fluctuations in backlog are not always a reliable indicator of future revenues. As of May 5, 2023, the Company expects to recognize remaining performance obligations as follows (in thousands): Total Expected to be recognized in the next 12 months Expected to be recognized in 12-24 months Expected to be recognized in 24-36 months Expected to be recognized thereafter Performance obligation - active $ 244,438 $ 135,072 $ 84,458 $ 24,098 $ 810 Performance obligation - backlog 2,879 1,152 930 778 19 Total $ 247,317 $ 136,224 $ 85,388 $ 24,876 $ 829 Deferred Commissions and Fulfillment Costs The Company capitalizes a significant portion of its commission expense and related fringe benefits earned by its sales personnel. Additionally, the Company capitalizes certain costs to install and activate hardware and software used in its managed security services, primarily related to a portion of the compensation for the personnel who perform the installation activities. These deferred costs are amortized on a systematic basis that is consistent with the transfer to the customer of the goods or services to which the assets relate. Changes in the balance of total deferred commission and total deferred fulfillment costs during the three months ended May 5, 2023 and April 29, 2022 are as follows (in thousands): As of February 3, 2023 Amount capitalized Amount recognized As of May 5, 2023 Deferred commissions $ 49,565 $ 2,265 $ (4,574) $ 47,256 Deferred fulfillment costs 3,232 — (954) 2,278 As of January 28, 2022 Amount capitalized Amount recognized As of April 29, 2022 Deferred commissions $ 53,978 $ 1,960 $ (4,514) $ 51,424 Deferred fulfillment costs 7,597 177 (1,395) 6,379

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	3 Months Ended
	May 05, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS Goodwill relates to the acquisition of Dell by Dell Technologies and represents the excess of the purchase price attributable to Secureworks over the fair value of the assets acquired and liabilities assumed, as well as subsequent business combinations completed by the Company. Goodwill decreased $0.1 million due to foreign currency translation for the three months ended May 5, 2023, compared to February 3, 2023. Goodwill totaled $425.4 million and $425.5 million as of May 5, 2023 and February 3, 2023, respectively. Goodwill and indefinite-lived intangible assets are tested for impairment on an annual basis during the third fiscal quarter of each fiscal year, or earlier if an indicator of impairment occurs. The Company completed the most recent annual impairment test in the third quarter of fiscal 2023 by assessing goodwill at the reporting unit level, as well as the Company’s indefinite-lived trade name asset at the individual asset level. The Company has one reporting unit. For the annual impairment review in the third quarter of fiscal 2023, the Company elected to bypass the assessment of qualitative factors to determine whether it was more likely than not that the fair value of its reporting unit was less than its carrying amount, including goodwill. In electing to bypass the qualitative assessment, the Company proceeded directly to performing a quantitative analysis to determine the fair value of its reporting unit relative to its carrying amount, as well as its indefinite-lived trade name asset at the individual asset level, to determine the amount of impairment loss to be recognized, if any. The fair value of the reporting unit is generally estimated using a combination of public company multiples and discounted cash flow methodologies. The discounted cash flow and public company multiples methodologies require significant judgment, including estimation of future revenues, gross margins and operating expenses, which are dependent on internal forecasts, current and anticipated economic conditions and trends, selection of market multiples through assessment of the reporting unit’s performance relative to peer competitors, the estimation of the long-term revenue growth rate and discount rate of the Company’s business, and the determination of the Company’s weighted-average cost of capital. Changes in these estimates and assumptions could materially affect the fair value of the reporting unit, potentially resulting in a non-cash impairment charge. The fair value of the indefinite-lived trade names is generally estimated using the discounted cash flow methodology. The discounted cash flow methodology requires significant judgment, including estimation of future revenue, estimation of the long-term revenue growth rate of the Company’s business and determination of the Company’s weighted-average cost of capital and royalty rates. Changes in these estimates and assumptions could materially affect the fair value of the indefinite-lived intangible assets, potentially resulting in a non-cash impairment charge. Based on the results of the annual impairment test, the Company determined that the derived fair values of the reporting unit and indefinite-lived intangible asset exceeded their respective carrying values, which indicated no impairment as of the annual impairment date. Further, no triggering events have transpired since the performance of the quantitative assessment that would indicate a potential impairment occurred during the period through May 5, 2023. Intangible Assets The Company ’ s intangible assets as of May 5, 2023 and February 3, 2023 were as follows: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (137,053) $ 52,465 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (132,281) 9,503 141,784 (128,612) 13,172 Developed Technology 13,037 (5,709) 7,328 11,827 (4,897) 6,930 Finite-lived intangible assets 344,339 (275,043) 69,296 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 374,457 $ (275,043) $ 99,414 $ 373,247 $ (267,039) $ 106,208

DEBT

DEBT	3 Months Ended
	May 05, 2023
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility SecureWorks, Inc., a wholly-owned subsidiary of SecureWorks Corp., is a party to a revolving credit agreement with a wholly-owned subsidiary of Dell under which the Company obtained a $30 million senior, unsecured revolving credit facility. Effective March 23, 2023, the revolving credit agreement was amended and restated to extend the maturity date from March 23, 2023 to March 24, 2024 and to modify the annual rate at which interest accrues to the applicable Secured Overnight Financing Rate, or SOFR, plus 1.15%. The amended and restated revolving credit agreement otherwise has terms substantially similar to those of the facility before the amendment and restatement. Under the facility, up to $30 million principal amount of borrowings may be outstanding at any time. Amounts under the facility may be borrowed, repaid and reborrowed from time to time during the term of the facility. The proceeds from loans made under the facility may be used for general corporate purposes. The credit agreement contains customary representations, warranties, covenants and events of default. The unused portion of the facility is subject to a commitment fee of 0.35%, which is due upon expiration of the facility. There was no outstanding balance under the credit facility as of May 5, 2023 or February 3, 2023, and there were no amounts borrowed under the credit facility during the three months ended May 5, 2023. The maximum amount of borrowings may be increased by up to an additional $30 million by mutual agreement of the lender and borrower. The borrower will be required to repay, in full, all of the loans outstanding, including all accrued interest, and the facility will terminate upon a change of control of SecureWorks Corp. or following a transaction in which SecureWorks, Inc. ceases to be a direct or indirect wholly-owned subsidiary of SecureWorks Corp. The facility is not guaranteed by SecureWorks Corp. or its subsidiaries.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	May 05, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Legal Contingencies — From time to time, the Company is involved in claims and legal proceedings that arise in the ordinary course of business. The Company accrues a liability when it believes that it is both probable that a liability has been incurred and that it can reasonably estimate the amount of the loss. The Company reviews the status of such matters at least quarterly and adjusts its liabilities as necessary to reflect ongoing negotiations, settlements, rulings, advice of legal counsel and other relevant information. Whether the outcome of any claim, suit, assessment, investigation or legal proceeding, individually or collectively, could have a material adverse effect on the Company’s business, financial condition, results of operations or cash flows will depend on a number of factors, including the nature, timing and amount of any associated expenses, amounts paid in settlement, damages or other remedies or consequences. To the extent new information is obtained and the Company’s views on the probable outcomes of claims, suits, assessments, investigations or legal proceedings change, changes in accrued liabilities would be recorded in the period in which such a determination is made. As of May 5, 2023, the Company does not believe that there were any such matters that, individually or in the aggregate, would have a material adverse effect on its business, financial condition, results of operations or cash flows. Customer-based Taxation Contingencie s — Various government entities, or taxing authorities, require the Company to bill its customers for the taxes they owe based on the services they purchase from the Company. The application of the rules of each taxing authority concerning which services are subject to each tax and how those services should be taxed involves the application of judgment. Taxing authorities periodically perform audits to verify compliance and include all periods that remain open under applicable statutes, which generally range from three As of May 5, 2023, the Company is under audit with various state taxing authorities in which rulings related to the taxability of certain of its services are pending. As of May 5, 2023, the Company has recorded an estimated liability of $8.4 million related to such matters. The Company will continue to appeal these rulings, but should the Company not prevail, it could be subject to obligations to pay additional taxes together with associated penalties and interest for the audited tax period, as well as additional taxes for periods subsequent to the tax audit period, including penalties and interest. While Dell does provide an indemnification for certain state tax issues for tax periods prior to August 1, 2015, such indemnification would not cover a material portion of the current estimated liability. Indemnifications —In the ordinary course of business, the Company enters into contractual arrangements under which it agrees to indemnify its customers from certain losses incurred by the customer as to third-party claims relating to the services performed on behalf of the Company or for certain losses incurred by the customer as to third-party claims arising from certain events as defined within the particular contract. Such indemnification obligations may not be subject to maximum loss clauses. Historically, payments related to these indemnifications have been immaterial. Concentrations —The Company sells solutions to customers of all sizes primarily through its sales organization, supplemented by sales through partners. During the three months ended May 5, 2023 and April 29, 2022, the Company had no customer that represented 10% or more of its net revenue.

LEASES

LEASES	3 Months Ended
	May 05, 2023
Leases [Abstract]
LEASES	LEASES The Company recorded operating lease cost for facilities of approximately $1.1 million and $1.3 million for the three months ended May 5, 2023 and April 29, 2022, respectively. Operating lease costs include variable lease expenses primarily consisting of utilities and common area charges. For the three months ended May 5, 2023 and April 29, 2022, the Company recorded $21.3 thousand and $115.8 thousand relating to such variable lease expenses. The Company recorded operating lease cost of equipment leases of approximately zero and $17 thousand for the three months ended May 5, 2023 and April 29, 2022, respectively. Equipment lease costs included short-term lease costs of zero and $0.9 thousand for the three months ended May 5, 2023 and April 29, 2022, respectively. Lease expense for equipment was included in cost of revenues. Cash paid for amounts included in the measurement of operating lease liabilities was $1.3 million and $1.6 million during the three months ended May 5, 2023 and April 29, 2022, respectively. Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: May 5, 2023 Weighted-average remaining lease term 3.4 years Weighted-average discount rate 5.39 % The following table summarizes the maturity of the Company’s operating lease liabilities as of May 5, 2023 (in thousands): Fiscal Years Ending May 5, 2023 2024 $ 3,997 2025 5,095 2026 4,526 2027 4,088 2028 — Thereafter — Total operating lease payments $ 17,706 Less imputed interest 1,363 Total operating lease liabilities $ 16,343 The Company’s leases have remaining lease terms of 1.3 years to 3.7 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise.

STOCK-BASED COMPENSATION AND OT

STOCK-BASED COMPENSATION AND OTHER LONG-TERM PERFORMANCE INCENTIVES	3 Months Ended
	May 05, 2023
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION AND OTHER LONG-TERM PERFORMANCE INCENTIVES	STOCK-BASED COMPENSATION AND OTHER LONG-TERM PERFORMANCE INCENTIVES The SecureWorks Corp. 2016 Long-Term Incentive Plan, or the 2016 Plan, provides for the grant of options, stock appreciation rights, restricted stock, restricted stock units, deferred stock units, unrestricted stock, dividend equivalent rights, other equity-based awards, and cash bonus awards. Awards may be granted under the 2016 Plan to individuals who are employees, officers, or non-employee directors of the Company or any of its affiliates, consultants and advisors who perform services for the Company or any of its affiliates, and any other individual whose participation in the 2016 Plan is determined to be in the best interests of the Company by the compensation committee of the board of directors. Under the 2016 Plan, during the three months ended May 5, 2023 and April 29, 2022, the Company granted 7,142,257 and 3,650,524 restricted stock units, respectively. The annual restricted stock units granted during these periods vest over a three-year period. Approximately 19% of such awards granted during each of the three months ended May 5, 2023 and April 29, 2022 are subject to performance conditions. The majority of the 7,142,257 restricted stock unit awards made during the three months ended May 5, 2023 are subject to the approval at the Company’s 2023 annual meeting of stockholders of an amendment to the 2016 Plan to increase the number of shares of Class A common stock issuable under the plan and thus are not deemed granted or outstanding for accounting purposes.

INCOME AND OTHER TAXES

INCOME AND OTHER TAXES	3 Months Ended
	May 05, 2023
Income Tax Disclosure [Abstract]
INCOME AND OTHER TAXES	INCOME AND OTHER TAXES The Company’s loss before income taxes and income tax benefit (in thousands) and effective income tax rate for the three months ended May 5, 2023 and April 29, 2022 was as follows (in thousands, except percentages): Three Months Ended May 5, April 29, Loss before income taxes $ (38,098) $ (27,053) Income tax benefit $ (7,128) $ (5,455) Effective tax rate 18.7 % 20.2 % During the periods presented in the accompanying Condensed Consolidated Statements of Financial Position, the Company did not file separate federal tax returns as the Company generally was included in the tax grouping of other Dell entities within the respective entity’s tax jurisdiction. The income tax benefit has been calculated using the separate return method, modified to apply the benefits-for-loss approach. Under the benefits-for-loss approach, net operating losses or other tax attributes are characterized as realized by the Company when those attributes are utilized by other members of the Dell consolidated group. Effective for tax years beginning on or after January 1, 2022, the Tax Cuts and Jobs Act of 2017 eliminated the option to deduct research and development, or R&D, expenses in the year incurred and instead requires taxpayers to capitalize R&D expenses, including software development cost, and subsequently amortize such expenses over five years for R&D activities conducted in the United States and over fifteen years for R&D activities conducted outside of the United States. The Company’s effective tax benefit rate was 18.7% and 20.2% for the three months ended May 5, 2023 and April 29, 2022, respectively. The change in the Company’s effective income tax rate between the periods was primarily attributable to the impact of certain discrete adjustments related to stock-based compensation expense of approximate ly $1.4 million and $0.5 million fo r the three months ended May 5, 2023 and April 29, 2022, respectively. The change related specifically to the impact of the vesting of certain equity awards for which the fair value on the vesting date was lower than the fair value on the date the equity awards were originally granted. The change in fair value, which is measured by the price of the Class A common stock as reported on the Nasdaq Global Select Market, resulted in a lower actual tax deduction for the three-month periods ended May 5, 2023 and April 29, 2022 than the amounts deducted for financial reporting purposes. As of both May 5, 2023 and February 3, 2023, the Company had $5.8 million of deferred tax assets related to net operating loss carryforwards for state tax returns that are not included with those of other Dell entities. These net operating loss carryforwards began expiring in the fiscal year ended February 3, 2023. Due to the uncertainty surrounding the realization of these net operating loss carryforwards, the Company has provided valuation allowances for the full amount as of May 5, 2023 and February 3, 2023. Because the Company is included in the tax filings of other Dell entities, management has determined that it will be able to realize the remainder of its deferred tax assets. If the Company becomes ineligible for inclusion in the Dell Technologies consolidated tax group, its ability to benefit from its losses and other tax attributes may be impaired as it would need to file its own Federal and State tax returns without the ability to offset its losses against the profits from the parent. The Company may be required to record a valuation allowance against its deferred tax assets that are currently recorded based on the tax sharing agreement with Dell. Currently, net deferred tax assets are approximately $5.9 million. If the Company’s tax provision had been prepared using the separate return method, the unaudited pro forma pre-tax loss, tax benefit and net loss for the three months ended May 5, 2023 would have been $38.1 million, $1.0 million and $37.1 million, respectively, as a result of the recognition of a valuation allowance that would have been recorded on a significant amount of deferred tax assets as well as certain attributes from the Tax Cuts and Jobs Act of 2017 that would be lost if not utilized by the Dell consolidated group. Net deferred tax balances are included in other non-current assets and other non-current liabilities in the Condensed Consolidated Statements of Financial Position. As of May 5, 2023 and February 3, 2023, the Company had a net operating loss receivable from Dell of $9.1 million and $3.5 million, respectively. The Company had $4.5 million of unrecognized tax benefits as of both May 5, 2023 and February 3, 2023.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	May 05, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	RELATED PARTY TRANSACTIONS Allocated Expenses For the periods presented, Dell has provided various corporate services to Secureworks in the ordinary course of business. The costs of services provided to Secureworks by Dell are governed by a shared services agreement between Secureworks and Dell Inc. The total amounts of the charges under the shared services agreement with Dell were $0.8 million and $0.9 million for the three months ended May 5, 2023 and April 29, 2022, respectively. Management believes that the basis on which the expenses have been allocated is a reasonable reflection of the utilization of services provided to or the benefit received by the Company during the periods presented. Related Party Arrangements For the periods presented, related party transactions and activities involving Dell Inc. and its wholly-owned subsidiaries were not always consummated on terms equivalent to those that would prevail in an arm’s-length transaction where conditions of competitive, free-market dealing may exist. The Company purchases computer equipment for internal use from Dell Inc. and its subsidiaries that is capitalized within property and equipment in the Condensed Consolidated Statements of Financial Position. Purchases of computer equipment from Dell and EMC Corporation, or EMC, an indirect, wholly-owned subsidiary of Dell Technologies that provides enterprise software and storage, totaled $0.2 million for each of the three months ended May 5, 2023 and April 29, 2022. EMC previously maintained a majority ownership interest in VMware, Inc., or VMware, a company that provides cloud and virtualization software and services. The Company’s purchases of annual maintenance services, software licenses and hardware systems for internal use from Dell, EMC and VMware totaled $0.3 million for each of the three months ended May 5, 2023 and April 29, 2022. On November 1, 2021, Dell Technologies completed its spin-off of all shares of common stock of VMware that were beneficially owned by Dell Technologies and its subsidiaries, including EMC, to Dell Technologies’ stockholders. As a result of the spin-off transaction, the businesses of VMware were separated from the remaining businesses of Dell Technologies, although Michael S. Dell, the Chairman, Chief Executive Officer and majority stockholder of Dell Technologies, continues to serve as Chairman of the Board of VMware. The Company recognized revenue related to solutions provided to VMware t hat totaled $0.1 million for each of the three months ended May 5, 2023 and April 29, 2022. In October 2019, VMware acquired Carbon Black Inc., or Carbon Black, a security business with which the Company had an existing commercial relationship. Purchases by the Company of solutions from Carbon Black totaled $1.4 million for each of the three months ended May 5, 2023 and April 29, 2022. The Company also recognized revenue related to solutions provided to significant beneficial owners of Secureworks common stock, which include Mr. Dell and affiliates of Mr. Dell. The revenues recognized by the Company from solutions provided to Mr. Dell, MSD Capital, L.P. (a firm founded for the purposes of managing investments of Mr. Dell and his family), DFI Resources LLC, an entity affiliated with Mr. Dell, and the Michael and Susan Dell Foundation totaled $67 thousand for each of the three months ended May 5, 2023 and April 29, 2022. The Company provides solutions to certain customers whose contractual relationships have historically been with Dell rather than Secureworks, although the Company has the primary responsibility to provide the services. Effective August 1, 2015, in connection with the IPO, many of such customer contracts were transferred from Dell to the Company, forming a direct contractual relationship between the Company and the end customer. For customers whose contracts have not yet been transferred or whose contracts were subsequently originated through Dell under a reseller agreement, the Company recognized revenues of approximately $15.0 million and $16.2 million for the three months ended May 5, 2023 and April 29, 2022, respectively. In addition, as of May 5, 2023, the Company had approximately $2.9 million of contingent obligations to Dell related to outstanding performance bonds for certain customer contracts which Dell issued on behalf of the Company. These contingent obligations are not recognized as liabilities on the Company’s financial statements. As the Company’s customer and on behalf of certain of its own customers, Dell also purchases solutions from the Company. The Company recognized revenues from such purchases of approximately $0.1 million and $1.6 million for the three months ended May 5, 2023 and April 29, 2022, respectively. As a result of the foregoing related party arrangements, the Company has recorded the following related party balances in the Condensed Consolidated Statements of Financial Position as of May 5, 2023 and February 3, 2023 (in thousands). May 5, February 3, Related party payable (in accrued and other current liabilities) $ 6,371 $ 1,141 Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net) $ 4,713 $ 5,584 Net operating loss tax sharing receivable under agreement with Dell (payable in accrued and other and receivable in other current assets) $ 9,056 $ 3,472

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	3 Months Ended
	May 05, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS The Company measures fair value within the guidance of the three-level valuation hierarchy. This hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The categorization of a measurement within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: • Level 1 - Quoted market prices in active markets for identical assets or liabilities • Level 2 - Other observable market-based inputs or unobservable inputs that are corroborated by market data • Level 3 - Significant unobservable inputs Assets and Liabilities Measured at Fair Value on a Recurring Basis The assets and liabilities of the Company that are measured at fair value on a recurring basis using the respective input levels as of May 5, 2023 and February 3, 2023 were as follows (in thousands): May 5, February 3, Level 1 Level 1 Cash equivalents - Money Market Funds $ 6,591 $ 16,451 Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis The carrying amounts of the Company’s accounts receivable, accounts payable and accrued expenses approximate their respective fair value due to their short-term nature.

REORGANIZATION AND OTHER RELATE

REORGANIZATION AND OTHER RELATED COSTS	3 Months Ended
	May 05, 2023
Restructuring and Related Activities [Abstract]
REORGANIZATION AND OTHER RELATED COSTS	REORGANIZATION AND OTHER RELATED COSTS During the fiscal year ended February 3, 2023, the Company committed to a plan to align its investments more closely with its strategic priorities to meet the expected future needs of the business by reducing the Company’s workforce and implementing certain real estate‑related and other cost optimization actions. Under this plan, the Company intends to rebalance investments across all functions to align with the Company’s top strategic priorities and growth opportunities, such as higher value, higher margin Taegis solutions and other priorities, in order to balance continued growth with improving operating margins over time. For the fiscal year ended February 3, 2023, the Company incurred expenses of approximately $15.5 million under the plan, consisting primarily of severance and other termination benefits, real estate-related expenses, and various other cost saving measures. As of February 3, 2023, the Company had a liability of $8.9 million relating to these charges. During the three months ended May 5, 2023, the Company settled $7.4 million of these charges in cash, reducing the remaining liability to $1.5 million as of May 5, 2023. The following table summarizes the liability associated with these charges that is included in accrued and other current liabilities on the accompanying Condensed Consolidated Statement of Financial Position (in thousands): Workforce Real estate-related Other Total Balance as of January 28, 2022 $ — $ — $ — $ — Reorganization charge 7,550 4,570 3,351 15,471 Charges settled in cash — (90) (325) (415) Charges settled in non-cash — (4,480) (1,632) (6,112) Balance as of February 3, 2023 $ 7,550 $ — $ 1,394 $ 8,944 Charges settled in cash (6,019) — (1,394) (7,413) Balance as of May 5, 2023 $ 1,531 $ — $ — $ 1,531

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Policies)	3 Months Ended
	May 05, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company’s condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP. The preparation of financial statements in accordance with GAAP requires management to make assumptions and estimations that affect the amounts reported in the Company’s financial statements and notes. The inputs into certain of the Company’s assumptions and estimations considered the economic implications of the Ukraine/Russia conflict and inflation concerns on the Company’s critical and significant accounting estimates. The condensed consolidated financial statements include assets, liabilities, revenue and expenses of all majority-owned subsidiaries. Intercompany transactions and balances are eliminated in consolidation. For the periods presented, Dell has provided various corporate services to the Company in the ordinary course of business, including finance, tax, human resources, legal, insurance, IT, procurement and facilities-related services. The cost of these services is charged in accordance with a shared services agreement that went into effect on August 1, 2015. For more information regarding the related party transactions, see “Note 10—Related Party Transactions.” During the periods presented in the financial statements, Secureworks did not file separate federal tax returns, as the Company is generally included in the tax grouping of other Dell entities within the respective entity’s tax jurisdiction. The income tax benefit has been calculated using the separate return method, modified to apply the benefits-for-loss approach. Under this approach, net operating losses or other tax attributes are characterized as realized or as realizable by Secureworks when those attributes are utilized or expected to be utilized by other members of the Dell consolidated group. See “Note 9—Income and Other Taxes” for more information.
Fiscal Year	Fiscal Year The Company’s fiscal year is the 52- or 53-week period ending on the Friday closest to January 31. The Company refers to the fiscal year ending February 2, 2024 and the fiscal year ended February 3, 2023 as fiscal 2024 and fiscal 2023, respectively. Fiscal 2024 consists of 52 weeks and fiscal 2023 consisted of 53 weeks. In fiscal 2024, each quarter has 13 weeks. In fiscal 2023, each quarter consisted of 13 weeks except for the fourth quarter, which consisted of 14 weeks. Unless otherwise indicated, all changes identified for the current-period results represent comparisons to results for the prior corresponding fiscal periods.
Use of Estimates	Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Estimates are revised as additional information becomes available. In the Condensed Consolidated Statements of Operations, estimates are used when accounting for revenue arrangements, determining the cost of revenue, allocating cost and estimating the impact of contingencies. In the Condensed Consolidated Statements of Financial Position, estimates are used in determining the valuation and recoverability of assets, such as accounts receivables, inventories, fixed assets, capitalized software, goodwill and other identifiable intangible assets. Estimates are also used in determining the reported amounts of liabilities, such as taxes payable and the impact of contingencies. All estimates also impact the Condensed Consolidated Statements of Operations. Actual results could differ from these estimates due to risks and uncertainties, including uncertainty in the current economic environment due to the Ukraine/Russia conflict and impacts of inflation. The Company considered the potential impact of the current economic and geopolitical uncertainty on its estimates and assumptions and determined there was not a material impact to the Company’s condensed consolidated financial statements as of and for the three months ended May 5, 2023. As current economic environment continues to develop, many of the Company’s estimates could require increased judgment and be subject to a higher degree of variability and volatility. As a result, the Company’s estimates may change materially in future periods.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements None.
Fair Value Measurements	The Company measures fair value within the guidance of the three-level valuation hierarchy. This hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. The categorization of a measurement within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: • Level 1 - Quoted market prices in active markets for identical assets or liabilities • Level 2 - Other observable market-based inputs or unobservable inputs that are corroborated by market data • Level 3 - Significant unobservable inputs

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	3 Months Ended
	May 05, 2023
Earnings Per Share [Abstract]
Schedule of Net Loss Per Common Share, Basic and Diluted	The following table sets forth the computation of loss per common share (in thousands, except per share amounts): Three Months Ended May 5, April 29, Numerator: Net loss $ (30,970) $ (21,598) Denominator: Weighted-average number of shares outstanding: Basic and Diluted 85,431 83,763 Loss per common share: Basic and Diluted $ (0.36) $ (0.26) Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units 4,860 5,902

CONTRACT BALANCES AND CONTRAC_2

CONTRACT BALANCES AND CONTRACT COSTS (Tables)	3 Months Ended
	May 05, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Service Type	The following table presents revenue by service type (in thousands): Three Months Ended May 5, April 29, Net revenue: Taegis Subscription Solutions $ 62,596 $ 37,216 Managed Security Services 14,663 57,197 Total Subscription revenue $ 77,259 $ 94,413 Professional Services 17,136 26,602 Total net revenue $ 94,395 $ 121,015
Schedule of Deferred Revenue	Changes to the Company’s deferred revenue during the three months ended May 5, 2023 and April 29, 2022 are as follows (in thousands): As of February 3, 2023 Upfront payments received and billings during the three months ended May 5, 2023 Revenue recognized during the three months ended May 5, 2023 As of May 5, 2023 Deferred revenue $ 156,332 $ 63,370 $ (70,227) $ 149,475 As of January 28, 2022 Upfront payments received and billings during the three months ended April 29, 2022 Revenue recognized during the three months ended April 29, 2022 As of April 29, 2022 Deferred revenue $ 176,068 $ 90,799 $ (93,400) $ 173,467
Schedule of Expected Timing to Recognize Remaining Performance Obligation	As of May 5, 2023, the Company expects to recognize remaining performance obligations as follows (in thousands): Total Expected to be recognized in the next 12 months Expected to be recognized in 12-24 months Expected to be recognized in 24-36 months Expected to be recognized thereafter Performance obligation - active $ 244,438 $ 135,072 $ 84,458 $ 24,098 $ 810 Performance obligation - backlog 2,879 1,152 930 778 19 Total $ 247,317 $ 136,224 $ 85,388 $ 24,876 $ 829
Schedule of Deferred Commissions and Fulfillment Costs	Changes in the balance of total deferred commission and total deferred fulfillment costs during the three months ended May 5, 2023 and April 29, 2022 are as follows (in thousands): As of February 3, 2023 Amount capitalized Amount recognized As of May 5, 2023 Deferred commissions $ 49,565 $ 2,265 $ (4,574) $ 47,256 Deferred fulfillment costs 3,232 — (954) 2,278 As of January 28, 2022 Amount capitalized Amount recognized As of April 29, 2022 Deferred commissions $ 53,978 $ 1,960 $ (4,514) $ 51,424 Deferred fulfillment costs 7,597 177 (1,395) 6,379

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	3 Months Ended
	May 05, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The Company ’ s intangible assets as of May 5, 2023 and February 3, 2023 were as follows: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (137,053) $ 52,465 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (132,281) 9,503 141,784 (128,612) 13,172 Developed Technology 13,037 (5,709) 7,328 11,827 (4,897) 6,930 Finite-lived intangible assets 344,339 (275,043) 69,296 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 374,457 $ (275,043) $ 99,414 $ 373,247 $ (267,039) $ 106,208
Schedule of Finite-Lived Intangible Assets	The Company ’ s intangible assets as of May 5, 2023 and February 3, 2023 were as follows: May 5, 2023 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (137,053) $ 52,465 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (132,281) 9,503 141,784 (128,612) 13,172 Developed Technology 13,037 (5,709) 7,328 11,827 (4,897) 6,930 Finite-lived intangible assets 344,339 (275,043) 69,296 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 374,457 $ (275,043) $ 99,414 $ 373,247 $ (267,039) $ 106,208

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	May 05, 2023
Leases [Abstract]
Weighted-Average Information Associated with Remaining Operating Lease Obligations	Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: May 5, 2023 Weighted-average remaining lease term 3.4 years Weighted-average discount rate 5.39 %
Maturities of Operating Lease Liabilities	The following table summarizes the maturity of the Company’s operating lease liabilities as of May 5, 2023 (in thousands): Fiscal Years Ending May 5, 2023 2024 $ 3,997 2025 5,095 2026 4,526 2027 4,088 2028 — Thereafter — Total operating lease payments $ 17,706 Less imputed interest 1,363 Total operating lease liabilities $ 16,343

INCOME AND OTHER TAXES (Tables)

INCOME AND OTHER TAXES (Tables)	3 Months Ended
	May 05, 2023
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	The Company’s loss before income taxes and income tax benefit (in thousands) and effective income tax rate for the three months ended May 5, 2023 and April 29, 2022 was as follows (in thousands, except percentages): Three Months Ended May 5, April 29, Loss before income taxes $ (38,098) $ (27,053) Income tax benefit $ (7,128) $ (5,455) Effective tax rate 18.7 % 20.2 %

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	3 Months Ended
	May 05, 2023
Related Party Transactions [Abstract]
Schedule of Related Party Transactions	As a result of the foregoing related party arrangements, the Company has recorded the following related party balances in the Condensed Consolidated Statements of Financial Position as of May 5, 2023 and February 3, 2023 (in thousands). May 5, February 3, Related party payable (in accrued and other current liabilities) $ 6,371 $ 1,141 Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net) $ 4,713 $ 5,584 Net operating loss tax sharing receivable under agreement with Dell (payable in accrued and other and receivable in other current assets) $ 9,056 $ 3,472

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	May 05, 2023
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	The assets and liabilities of the Company that are measured at fair value on a recurring basis using the respective input levels as of May 5, 2023 and February 3, 2023 were as follows (in thousands): May 5, February 3, Level 1 Level 1 Cash equivalents - Money Market Funds $ 6,591 $ 16,451

REORGANIZATION AND OTHER RELA_2

REORGANIZATION AND OTHER RELATED COSTS (Tables)	3 Months Ended
	May 05, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost	The following table summarizes the liability associated with these charges that is included in accrued and other current liabilities on the accompanying Condensed Consolidated Statement of Financial Position (in thousands): Workforce Real estate-related Other Total Balance as of January 28, 2022 $ — $ — $ — $ — Reorganization charge 7,550 4,570 3,351 15,471 Charges settled in cash — (90) (325) (415) Charges settled in non-cash — (4,480) (1,632) (6,112) Balance as of February 3, 2023 $ 7,550 $ — $ 1,394 $ 8,944 Charges settled in cash (6,019) — (1,394) (7,413) Balance as of May 5, 2023 $ 1,531 $ — $ — $ 1,531

DESCRIPTION OF THE BUSINESS A_3

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details) - IPO - Denali	3 Months Ended
	May 05, 2023
Class of Stock [Line Items]
Percent of outstanding shares owned	81.40%
Percent of voting interests owned	97.80%

LOSS PER SHARE (Details)

LOSS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Numerator:
Net loss	$ (30,970)	$ (21,598)
Denominator:
Weighted-average common shares outstanding (basic in shares)	85,431	83,763
Weighted-average common shares outstanding (diluted in shares)	85,431	83,763
Loss per common share:
Loss per common share (basic in usd per share)	$ (0.36)	$ (0.26)
Loss per common share (diluted in usd per share)	$ (0.36)	$ (0.26)
Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units (in shares)	4,860	5,902

CONTRACT BALANCES AND CONTRAC_3

CONTRACT BALANCES AND CONTRACT COSTS - Disaggregation of Revenue by Service Type (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	$ 94,395	$ 121,015
Taegis Subscription Solutions
Disaggregation of Revenue [Line Items]
Total net revenue	62,596	37,216
Managed Security Services
Disaggregation of Revenue [Line Items]
Total net revenue	14,663	57,197
Subscription
Disaggregation of Revenue [Line Items]
Total net revenue	77,259	94,413
Professional services
Disaggregation of Revenue [Line Items]
Total net revenue	$ 17,136	$ 26,602

CONTRACT BALANCES AND CONTRAC_4

CONTRACT BALANCES AND CONTRACT COSTS - Narrative (Details)	3 Months Ended
	May 05, 2023 USD ($) performanceObligationElement	Apr. 29, 2022 USD ($)
Disaggregation of Revenue [Line Items]
Deferred revenue billed in advance, percent	65%
Deferred revenue billed monthly or quarterly, percent	35%
Number of elements performance obligation is comprised of | performanceObligationElement	2
Impairment losses on deferred commissions and deferred fulfillment costs | $	$ 0	$ 0
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06 | Managed Security Services
Disaggregation of Revenue [Line Items]
Performance obligation period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06 | Professional services
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-03
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-02
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Disaggregation of Revenue [Line Items]
Performance obligation period

CONTRACT BALANCES AND CONTRAC_5

CONTRACT BALANCES AND CONTRACT COSTS - Deferred Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Change in Contract with Customer, Liability [Roll Forward]
Deferred revenue, Beginning of period	$ 156,332	$ 176,068
Deferred revenue, Upfront payments received and billings	63,370	90,799
Deferred revenue, Revenue recognized	(70,227)	(93,400)
Deferred revenue, End of period	$ 149,475	$ 173,467

CONTRACT BALANCES AND CONTRAC_6

CONTRACT BALANCES AND CONTRACT COSTS - Remaining Performance Obligation and Timing (Details) $ in Thousands	May 05, 2023 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 247,317
Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	244,438
Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	2,879
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 136,224
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 135,072
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-05-06 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 1,152
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 85,388
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-03 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 84,458
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-05-03 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 930
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 24,876
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-02 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 24,098
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-05-02 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 778
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 829
Performance obligation period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 810
Performance obligation period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 19
Performance obligation period

CONTRACT BALANCES AND CONTRAC_7

CONTRACT BALANCES AND CONTRACT COSTS - Deferred Commissions and Fulfillment Costs (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Deferred commissions
Capitalized Contract Cost [Roll Forward]
Beginning balance	$ 49,565	$ 53,978
Amount capitalized	2,265	1,960
Amount recognized	(4,574)	(4,514)
Ending balance	47,256	51,424
Deferred fulfillment costs
Capitalized Contract Cost [Roll Forward]
Beginning balance	3,232	7,597
Amount capitalized	0	177
Amount recognized	(954)	(1,395)
Ending balance	$ 2,278	$ 6,379

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details)	3 Months Ended
	May 05, 2023 USD ($) reportingUnit	Apr. 29, 2022 USD ($)	Feb. 03, 2023 USD ($)
Goodwill [Line Items]
Goodwill	$ 425,370,000		$ 425,519,000
Number of reporting units | reportingUnit	1
Amortization expense	$ 8,000,000	$ 7,800,000
Impairment charges	0	$ 0
Delve Laboratories, Inc.
Goodwill [Line Items]
Goodwill, foreign currency translation gain (loss)	$ (100,000)

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	May 05, 2023	Feb. 03, 2023
Finite-Lived Intangible Assets [Line Items]
Gross	$ 344,339	$ 343,129
Accumulated Amortization	(275,043)	(267,039)
Net	69,296	76,090
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	374,457	373,247
Accumulated Amortization	(275,043)	(267,039)
Net	99,414	106,208
Trade name
Indefinite-lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets	30,118	30,118
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross	189,518	189,518
Accumulated Amortization	(137,053)	(133,530)
Net	52,465	55,988
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(137,053)	(133,530)
Acquired Technology
Finite-Lived Intangible Assets [Line Items]
Gross	141,784	141,784
Accumulated Amortization	(132,281)	(128,612)
Net	9,503	13,172
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(132,281)	(128,612)
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Gross	13,037	11,827
Accumulated Amortization	(5,709)	(4,897)
Net	7,328	6,930
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (5,709)	$ (4,897)

DEBT (Details)

DEBT (Details) - Line of Credit - Revolving Credit Facility - USD ($)	3 Months Ended	12 Months Ended
	May 05, 2023	Mar. 23, 2023	Feb. 03, 2023	Apr. 29, 2022
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 30,000,000
Maximum amount outstanding during period	$ 30,000,000
Commitment fee percentage	0.35%
Line of credit, outstanding balance	$ 0		$ 0	$ 0
Additional borrowing capacity	$ 30,000,000
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate		1.15%

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	3 Months Ended
	May 05, 2023 USD ($)
State and Local Jurisdiction
Other Commitments [Line Items]
Income tax examination, tax liability accrued	$ 8.4
Minimum
Other Commitments [Line Items]
Income tax examination, period	3 years
Maximum
Other Commitments [Line Items]
Income tax examination, period	4 years

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($)	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Lessee, Lease, Description [Line Items]
Variable lease cost	$ 21,300	$ 115,800
Short-term lease cost	0	900
Operating lease payments	$ 1,300,000	1,600,000
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	1 year 3 months 18 days
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	3 years 8 months 12 days
Leased Facilities
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 1,100,000	1,300,000
Leased Equipment
Lessee, Lease, Description [Line Items]
Operating lease costs	$ 0	$ 17,000

LEASES - Weighted Average (Deta

LEASES - Weighted Average (Details)	May 05, 2023
Leases [Abstract]
Weighted-average remaining lease term	3 years 4 months 24 days
Weighted-average discount rate	5.39%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Thousands	May 05, 2023 USD ($)
Operating Leases, After Adoption of 842:
2024	$ 3,997
2025	5,095
2026	4,526
2027	4,088
2028	0
Thereafter	0
Total operating lease payments	17,706
Less imputed interest	1,363
Total operating lease liabilities	$ 16,343

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND OTHER LONG-TERM PERFORMANCE INCENTIVES (Details) - USD ($)	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting term	3 years
Restricted Stock Units (RSUs) | 2016 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards issued (in shares)	7,142,257	3,650,524
Restricted Stock and Restricted Stock Units | 2016 Long-Term Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of grants issued subject to performance conditions		19%
Performance-Based Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting term	3 years
Incentive Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting term	3 years
Awards granted	$ 100,000	$ 0
Compensation expense	$ 700,000	$ 1,400,000

INCOME AND OTHER TAXES - Effect

INCOME AND OTHER TAXES - Effective Income Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (38,098)	$ (27,053)
Income tax benefit	$ (7,128)	$ (5,455)
Effective tax rate	18.70%	20.20%

INCOME AND OTHER TAXES - Narrat

INCOME AND OTHER TAXES - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022	Feb. 03, 2023
Valuation Allowance [Line Items]
Effective tax rate	18.70%	20.20%
Expense relating to vesting of equity awards	$ 1,400	$ 500
Loss carryforwards	5,800		$ 5,800
Net deferred tax assets	5,900
Loss before income taxes	38,098	27,053
Income tax benefit	7,128	5,455
Net loss	30,970	$ 21,598
Unrecognized tax benefits	4,500		4,500
Principal Owner | Dell Inc. | Other Noncurrent Assets | Net Operating Loss Receivable
Valuation Allowance [Line Items]
Net operating loss receivable	9,100		$ 3,500
Prepared using separate return method
Valuation Allowance [Line Items]
Loss before income taxes	(38,100)
Income tax benefit	(1,000)
Net loss	$ (37,100)

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	May 05, 2023	Apr. 29, 2022
Related Party Transaction [Line Items]
Charged under shared services agreement	$ 22,263	$ 25,360
Purchases of computer equipment from Dell	480	413
Revenues	94,395	121,015
Dell Inc. | Principal Owner
Related Party Transaction [Line Items]
Charged under shared services agreement	800	900
Dell Inc. | Principal Owner | Contracts Not Yet Transferred
Related Party Transaction [Line Items]
Revenues	15,000	16,200
Performance bonds, outstanding	2,900
Dell Inc. | Principal Owner | Solutions Purchases
Related Party Transaction [Line Items]
Revenues	100	1,600
Dell Inc. | Chief Executive Officer
Related Party Transaction [Line Items]
Revenues	67	67
Dell and EMC | Principal Owner
Related Party Transaction [Line Items]
Purchases of computer equipment from Dell	200	200
EMC and VMware | Subsidiary of Common Parent
Related Party Transaction [Line Items]
Purchase of annual maintenance services	300	300
VMware | Subsidiary of Common Parent
Related Party Transaction [Line Items]
Revenues	100	100
Carbon Black Inc. | Subsidiary of Common Parent | Solutions Purchases
Related Party Transaction [Line Items]
Purchases of solutions from Carbon Black	$ 1,400	$ 1,400

RELATED PARTY TRANSACTIONS - Ba

RELATED PARTY TRANSACTIONS - Balances in Condensed Consolidated Statements of Financial Position (Details) - USD ($) $ in Thousands	May 05, 2023	Feb. 03, 2023
Related Party Transaction [Line Items]
Related party payable (in accrued and other current liabilities)	$ 6,371	$ 1,141
Dell Inc. | Principal Owner
Related Party Transaction [Line Items]
Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net)	4,713	5,584
Dell Inc. | Principal Owner | Other Current Assets | Net Operating Loss Receivable
Related Party Transaction [Line Items]
Net operating loss tax sharing receivable under agreement with Dell (payable in accrued and other and receivable in other current assets)	$ 9,056	$ 3,472

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	May 05, 2023	Feb. 03, 2023
Money Market Funds | Fair Value, Measurements, Recurring | Level 1
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash equivalents - Money Market Funds	$ 6,591	$ 16,451

REORGANIZATION AND OTHER RELA_3

REORGANIZATION AND OTHER RELATED COSTS - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 05, 2023	Feb. 03, 2023	Jan. 28, 2022
Restructuring and Related Activities [Abstract]
Reorganization charge		$ 15,471
Restructuring charges	$ 1,531	8,944	$ 0
Charges settled in cash	$ (7,413)	$ (415)

REORGANIZATION AND OTHER RELA_4

REORGANIZATION AND OTHER RELATED COSTS - Reorganization and Other Related Costs Activity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	May 05, 2023	Feb. 03, 2023
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 8,944	$ 0
Reorganization charge		15,471
Charges settled in cash	(7,413)	(415)
Charges settled in non-cash		(6,112)
Ending balance	1,531	8,944
Workforce
Restructuring Cost and Reserve [Line Items]
Beginning balance	7,550	0
Reorganization charge		7,550
Charges settled in cash	(6,019)	0
Charges settled in non-cash		0
Ending balance	1,531	7,550
Real estate-related
Restructuring Cost and Reserve [Line Items]
Beginning balance	0	0
Reorganization charge		4,570
Charges settled in cash	0	(90)
Charges settled in non-cash		(4,480)
Ending balance	0	0
Other
Restructuring Cost and Reserve [Line Items]
Beginning balance	1,394	0
Reorganization charge		3,351
Charges settled in cash	(1,394)	(325)
Charges settled in non-cash		(1,632)
Ending balance	$ 0	$ 1,394