SecureWorks (SCWX) 10-K 22 Mar 24 2024 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2024	Mar. 19, 2024	Aug. 04, 2023
Document Information [Line Items]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Feb. 02, 2024
Current Fiscal Year End Date	--02-02
Document Transition Report	false
Entity Central Index Key	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 Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Document Financial Statement Error Correction	true
Document Financial Statement Restatement Recovery Analysis	false
Entity Shell Company	false
Entity Public Float			$ 103
Documents Incorporated by Reference	The information required by Part III of this report, to the extent not set forth herein, is incorporated by reference from the registrant’s proxy statement relating to the annual meeting of stockholders in 2024 . Such proxy statement will be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates.
Entity Central Index Key	0001468666
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	FY
Amendment Flag	false
Common Stock - Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		18,287,001
Common Stock - Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		70,000,000

Audit Information

Audit Information	12 Months Ended
	Feb. 02, 2024
Audit Information [Abstract]
Auditor Firm ID	238
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Atlanta, Georgia

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Current assets:
Cash and cash equivalents	$ 68,655	$ 143,517
Accounts receivable, net of allowances of $2,017 and $2,402, respectively	54,266	72,627
Inventories, net	727	620
Other current assets	14,491	17,526
Total current assets	138,139	234,290
Property and equipment, net	2,149	4,632
Goodwill	425,472	425,519
Operating lease right-of-use assets, net	5,069	9,256
Intangible assets, net	83,235	106,208
Other non-current assets	70,715	60,965
Total assets	724,779	840,870
Current liabilities:
Accounts payable	8,974	18,847
Short-term deferred revenue	131,245	145,170
Total current liabilities	202,114	245,583
Long-term deferred revenue	5,706	11,162
Operating lease liabilities, non-current	7,803	12,141
Other non-current liabilities	7,831	14,023
Total liabilities	223,454	282,909
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock - $0.01 par value: 200,000 shares authorized; 0 shares issued	0	0
Additional paid in capital	996,291	967,367
Accumulated deficit	(470,163)	(384,121)
Accumulated other comprehensive loss	(5,771)	(6,237)
Treasury stock, at cost - 1,257 and 1,257 shares, respectively	(19,896)	(19,896)
Total stockholders’ equity	501,325	557,961
Total liabilities and stockholders’ equity	724,779	840,870
Nonrelated Party
Current liabilities:
Accrued and other current liabilities	61,895	81,566
Common Stock - Class A
Stockholders’ equity:
Common stock	164	147
Common Stock - Class B
Stockholders’ equity:
Common stock	$ 700	$ 700

Consolidated Statements of Fi_2

Consolidated Statements of Financial Position (Parenthetical) - $ / shares	Feb. 02, 2024	Feb. 03, 2023
Preferred stock, par value (usd per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	200,000,000	200,000,000
Preferred Stock, shares issued (in shares)	0	0
Treasury stock, shares (in shares)	1,257,000	1,257,000
Common Stock - Class A
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	2,500,000,000	2,500,000,000
Common stock, shares issued (in shares)	16,392,000	14,749,000
Common stock, shares outstanding (in shares)	16,392,000	14,749,000
Common Stock - Class B
Common stock, par value (usd per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	70,000,000	70,000,000
Common stock, shares outstanding (in shares)	70,000,000	70,000,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Total net revenue	$ 365,879	$ 463,475	$ 535,214
Total cost of revenue	148,120	191,057	217,126
Gross profit	217,759	272,418	318,088
Operating expenses:
Research and development	110,996	139,785	122,494
Sales and marketing	118,351	163,637	145,134
General and administrative	83,233	101,554	102,834
Reorganization and other related charges	17,145	15,471	0
Total operating expenses	329,725	420,447	370,462
Operating loss	(111,966)	(148,029)	(52,374)
Interest and other (expense) income, net	(2,554)	1,248	(3,532)
Loss before income taxes	(114,520)	(146,781)	(55,906)
Income tax benefit	(28,478)	(32,282)	(16,115)
Net loss	$ (86,042)	$ (114,499)	$ (39,791)
Loss per common share (basic in usd per share)	$ (1)	$ (1.36)	$ (0.48)
Loss per common share (diluted in usd per share)	$ (1)	$ (1.36)	$ (0.48)
Weighted-average common shares outstanding (basic) (in shares)	86,049	84,389	82,916
Weighted-average common shares outstanding (diluted) (in shares)	86,049	84,389	82,916
Subscription
Total net revenue	$ 304,556	$ 363,448	$ 408,947
Total cost of revenue	109,833	131,554	143,515
Professional Services
Total net revenue	61,323	100,027	126,267
Total cost of revenue	$ 38,287	$ 59,503	$ 73,611

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (86,042)	$ (114,499)	$ (39,791)
Foreign currency translation adjustments, net of tax	466	(3,565)	(2,012)
Comprehensive loss	$ (85,576)	$ (118,064)	$ (41,803)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Cash flows from operating activities:
Net loss	$ (86,042)	$ (114,499)	$ (39,791)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization	31,893	36,668	40,520
Amortization of right of use asset	2,024	3,800	3,846
Reorganization and other related charges	3,272	6,112	0
Amortization of costs capitalized to obtain revenue contracts	17,133	18,203	19,330
Amortization of costs capitalized to fulfill revenue contracts	3,232	4,773	5,186
Stock-based compensation expense	35,104	36,855	30,446
Income tax benefit	(28,478)	(32,282)	(16,115)
Provision for credit losses	(282)	(524)	(430)
Changes in assets and liabilities:
Accounts receivable	17,952	11,247	20,865
Net transactions with Dell	5,708	(1,278)	(6,500)
Inventories	(107)	(115)	55
Other assets	371	24,055	(16,251)
Accounts payable	(9,685)	4,050	(1,330)
Deferred revenue	(17,151)	(16,912)	472
Operating leases, net	(4,553)	(5,465)	(5,397)
Accrued and other liabilities	(29,550)	(33,433)	(10,374)
Net cash used in operating activities	(59,159)	(58,745)	24,532
Cash flows from investing activities:
Capital expenditures	(1,180)	(2,307)	(2,095)
Software development costs	(5,243)	(3,704)	(6,086)
Net cash used in investing activities	(6,423)	(6,011)	(8,181)
Cash flows from financing activities:
Proceeds from stock option exercises	0	0	4,134
Taxes paid on vested restricted shares	(6,163)	(8,887)	(12,502)
Net cash used in financing activities	(6,163)	(8,887)	(8,368)
Effect of exchange rate changes on cash and cash equivalents	(3,117)	(3,495)	(7,628)
Net (decrease) increase in cash and cash equivalents	(74,862)	(77,138)	355
Cash and cash equivalents at beginning of the period	143,517	220,655	220,300
Cash and cash equivalents at end of the period	68,655	143,517	220,655
Supplemental Disclosures of Non-Cash Investing and Financing Activities:
Income taxes paid	$ 594	$ 2,461	$ 2,554

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($) $ 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. 29, 2021				12,450,000	70,000,000
Beginning balance at Jan. 29, 2021	$ 667,781			$ 125	$ 700	$ 917,344	$ (229,831)	$ (660)	$ (19,896)
Statement of Shareholders' Equity
Net loss	(39,791)						(39,791)
Other comprehensive income (loss)	(2,012)							(2,012)
Vesting of restricted stock units (in shares)				1,515,000
Vesting of restricted stock units	$ 0			$ 15		(15)
Exercise of stock options (in shares)	1,417,105			1,417,000
Exercise of stock options	$ 4,134			$ 14		4,120
Grant and forfeitures of restricted stock awards (in shares)				485,000
Grant and forfeitures of restricted stock awards	0			$ 5		(5)
Common stock withheld as payment of taxes and cost for equity awards (in shares)				(1,585,000)
Common stock withheld as payment of taxes and cost for equity awards	(12,502)			$ (16)		(12,486)
Stock-based compensation	30,446					30,446
Ending balance (in shares) at Jan. 28, 2022				14,282,000	70,000,000
Ending balance at Jan. 28, 2022	648,057			$ 143	$ 700	939,404	(269,622)	(2,672)	(19,896)
Statement of Shareholders' Equity
Net loss	(114,499)						(114,499)
Other comprehensive income (loss)	(3,565)							(3,565)
Vesting of restricted stock units (in shares)				1,718,000
Vesting of restricted stock units	$ 0			$ 17		(17)
Exercise of stock options (in shares)	0
Grant and forfeitures of restricted stock awards (in shares)				(423,000)
Grant and forfeitures of restricted stock awards	$ 0			$ (4)		4
Common stock withheld as payment of taxes and cost for equity awards (in shares)				(828,000)
Common stock withheld as payment of taxes and cost for equity awards	(8,887)			$ (8)		(8,879)
Stock-based compensation	36,855					36,855
Ending balance (in shares) at Feb. 03, 2023		14,749,000	70,000,000	14,749,000	70,000,000
Ending balance at Feb. 03, 2023	557,961			$ 147	$ 700	967,367	(384,121)	(6,237)	(19,896)
Statement of Shareholders' Equity
Net loss	(86,042)						(86,042)
Other comprehensive income (loss)	466							466
Vesting of restricted stock units (in shares)				2,455,000
Vesting of restricted stock units	$ 0			$ 25		(25)
Exercise of stock options (in shares)	0
Common stock withheld as payment of taxes and cost for equity awards (in shares)				(812,000)
Common stock withheld as payment of taxes and cost for equity awards	$ (6,164)			$ (8)		(6,155)
Stock-based compensation	35,104					35,104
Ending balance (in shares) at Feb. 02, 2024		16,392,000	70,000,000	16,392,000	70,000,000
Ending balance at Feb. 02, 2024	$ 501,325			$ 164	$ 700	$ 996,291	$ (470,163)	$ (5,771)	$ (19,896)

DESCRIPTION OF THE BUSINESS AND

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION	12 Months Ended
	Feb. 02, 2024
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. (individually and collectively with its consolidated subsidiaries, “Secureworks” or the “Company”) is a leading global cybersecurity provider of technology-driven security solutions singularly focused on protecting the Company’s customers. On April 27, 2016, the Company completed its initial public offering (“IPO”). Upon the closing of the IPO, Dell Technologies Inc. (“Dell Technologies”) owned, indirectly through Dell Inc. and Dell Inc.’s subsidiaries (Dell Inc., individually and collectively with its consolidated subsidiaries, “Dell”), all shares of the Company’s outstanding Class B common stock, which as of February 2, 2024 represented approximately 81.0% of the Company’s total outstanding shares of common stock and approximately 97.7% of the combined voting power of both classes of the Company’s outstanding common stock. 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. Basis of Presentation and Consolidation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP”). Certain amounts from the prior years have been reclassified to conform to current year presentation. 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 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, as amended or amended and restated, in part, from time to time, that went into effect on August 1, 2015. For more information regarding the related party transactions, see “Note 13—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 affiliated group. See “Note 11—Income and Other Taxes” for more information. Revisions The Company’s historical classification of the effects of exchange rate changes on the Company’s foreign denominated cash and cash equivalents balances was not presented separately as the effect of exchange rate changes on cash and cash equivalents in the Company's Consolidated Statement of Cash Flows, but rather was included as a component of net cash provided by (used in) operating activities and investing activities. The Company has revised the Consolidated Statements of Cash Flows for fiscal year 2023 and 2022 to correct these classifications. For the fiscal year ended February 3, 2023, t he impact of this correction was a decrease in net cash used in operating activities of $3.9 million and an increase in net cash used for capital expenditures, as included in the total net cash used in investing activities, of $0.4 million . For the fiscal year ended January 28, 2022, t he impact of this correction was an increase in net cash provided by operating activities of $7.8 million, and an increase in cash used for capital expenditures, as included in total cash used in investing activities, of $0.2 million. The corresponding amounts are now presented separately on the Consolidated Statements of Cash Flows as the effect of exchange rate changes on cash and cash equivalents for each of the periods. These revisions do not impact the Consolidated Statements of Operations, the Consolidated Statements of Comprehensive Loss, or the Consolidated Statements of Financial Position. The Company has concluded that the effect of this revision is not material to any of our previously issued financial statements. This revision also impacts our unaudited interim Condensed Consolidated Financial Statements for each fiscal quarter during fiscal 2024. Please see Note 15 for further details related to impacts on referenced interim periods. 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 years ended February 2, 2024, February 3, 2023, and January 28, 2022, as fiscal 2024, fiscal 2023 and fiscal 2022, respectively. Fiscal 2024 and fiscal 2022 each consisted of 52 weeks. Fiscal 2023 consisted of 53 weeks. 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 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 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, and purchase price allocation for business combinations. 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 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 consolidated financial statements as of and for the fiscal year ended February 2, 2024. As the 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. Liquidity In recent periods, the Company has incurred losses from operations and operating cash outflows and, as of the Balance Sheet date, the Company has reported a deficit in working capital. During fiscal 2024, the Company completed reorganization actions which are expected to result in significant cost savings as the Company completes a transition to higher value, higher margin Taegis solutions. These efforts are expected to optimize the organizational structure and increase scalability to better position the Company for continued growth with improving operating margins over time. In the event that the Company’s financial results are below its expectations as a result of these or other factors, the Company may need to take additional actions to preserve existing cash reserves. As of February 2, 2024, the Company held $68.7 million of cash and cash equivalents. There were no amounts drawn on the $50 million Revolving Credit Facility with Dell as of February 2, 2024. The Company believes that its cash and cash equivalents and access to the Revolving Credit Facility will provide sufficient liquidity to meet its material cash requirements, including to fund its business and meet its obligations for at least 12 months from the filing date of this report.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Feb. 02, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents. As of February 2, 2024 and February 3, 2023, cash and cash equivalents are comprised of cash held in bank accounts and money market funds. The cash and cash equivalents are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments. The money market funds are valued using quoted market prices and are included as Level 1 inp uts. As of February 2, 2024 and February 3, 2023, the Company had $1.7 million and $16.5 million, respectively, invested in money market funds. Accounts Receivable. Trade accounts receivable are recorded at the invoiced amount, net of allowances for credit losses. Accounts receivable are charged against the allowance for credit losses when deemed uncollectible. Management regularly reviews the adequacy of the allowance for credit losses by considering the age of each outstanding invoice, each customer’s expected ability to pay, and the collection history with each customer, when applicable, to determine whether a specific allowance is appropriate. As of February 2, 2024 and February 3, 2023, the allowance for credit losses was $1.6 million and $2.4 million, respectively. Unbilled accounts receivable included in accounts receivable, totaling $2.9 million and $4.8 million as of February 2, 2024 and February 3, 2023, respectively, relate to work that has been performed, though invoicing has not yet occurred. All of the unbilled receivables are expected to be billed and collected within the upcoming fiscal year. Allowance for Credit Losses. The Company recognizes an allowance for losses on accounts receivable in an amount equal to the estimated probable losses, net of recoveries. The Company assesses its allowance by taking into consideration forecasts of future economic conditions, information about past events, such as its historical trend of write-offs, and customer-specific circumstances, such as bankruptcies and disputes. The expense associated with the allowance for credit losses is recognized in general and administrative expenses. 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 carrying amounts of the Company’s financial instruments, including cash equivalents, accounts receivable, accounts payable, and accrued expenses, approximate their respective fair values due to their short-term nature. Inventories. Inventories consist of finished goods, which include hardware devices such as servers, log retention devices and appliances that are sold in connection with the Company’s solutions offerings. Inventories are stated at lower of cost or net realizable value, with cost being determined on a first-in, first-out (FIFO) basis. Prepaid Maintenance and Support Agreements. Prepaid maintenance and support agreements represent amounts paid to third-party service providers for maintenance, support, and software license agreements in connection with the Company’s obligations to provide maintenance and support services. The prepaid maintenance and support agreement balance is amortized on a straight-line basis over the contract term and is primarily recognized as a component of cost of revenue. Amounts that are expected to be amortized within one year are recorded in other current assets and the remaining balance is recorded in other non-current assets. Property and Equipment. Property and equipment are carried at depreciated cost. Depreciation is calculated using the straight-line method over the estimated economic lives of the assets, which range from two Leases. The Company determines if any arrangement is, or contains, a lease at inception based on whether the Company has the right to control the asset during the contract period and other facts and circumstances. Secureworks is the lessee in a lease contract when the Company obtains the right to control the asset. Operating leases are included in the line items operating lease right-of-use assets, net; accrued and other current liabilities; and operating lease liabilities, non-current in the Consolidated Statements of Financial Position. Leases with a lease term of 12 months or less at inception are not recorded in the Consolidated Statements of Financial Position and are expensed on a straight-line basis over the lease term in the Consolidated Statements of Operations. The Company determines the lease term by assuming the exercise of renewal options that are reasonably certain. As most of the Company’s leases do not provide an implicit interest rate, Secureworks uses the Company’s incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. When the Company’s contracts contain lease and non-lease components, the Company accounts for both components as a single lease component. See “Note 8—Leases” for further discussion. Intangible Assets Including Goodwill. Identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. Finite-lived intangible assets are reviewed for impairment on a quarterly basis, or as potential triggering events are identified. Goodwill and indefinite-lived intangible assets are tested for impairment on an annual basis in the third fiscal quarter, or sooner if an indicator of impairment exists. The Company may elect to first assess qualitative factors to determine whether it is more likely than not (greater than 50% likelihood) that the fair value of the Company’s goodwill at the reporting unit, as well as indefinite-lived assets at the individual asset level, are less than their respective carrying amounts. The Company has determined it has one reporting unit. The qualitative assessment includes the Company’s consideration of relevant events and circumstances that would affect the Company’s single reporting unit and indefinite-lived assets, including macroeconomic, industry, and market conditions, the Company’s overall financial performance, and trends in the market price of the Company’s Class A common stock. If indicators of impairment exist after performing the qualitative assessment, the Company will perform a quantitative impairment assessment of goodwill and indefinite-lived assets. The Company may also choose to perform the quantitative assessment periodically even if the qualitative assessment does not require the Company to do so. For the Company’s goodwill and indefinite-lived intangible assets, if the quantitative analysis determines the carrying amount exceeds the fair value at the reporting unit level or individual asset level, an impairment charge is recognized in an amount equal to that excess. The Company performed a Step 0 qualitative assessment of goodwill at the reporting unit level, and the indefinite-lived intangible assets at the individual asset level, during its third quarter of fiscal 2024. It was concluded that it was not more likely than not that the fair value of the reporting unit and indefinite-lived intangible asset was less than their respective carrying values. The Company has determined that it has a single goodwill reporting unit, and, accordingly, assessed the goodwill carrying value at the reporting unit level. Subsequently, no events occurred through February 2, 2024 year-end that would indicate an impairment exists. Impairment of long-lived assets. The Company evaluates all long-lived assets, other than goodwill, whenever events or circumstances change that indicate the asset's carrying value may no longer be recoverable. If impairment indicators exist, a test of recoverability is performed by comparing the sum of the estimated undiscounted future cash flows attributable to the asset's carrying value. Impairment analyses are performed at the asset group level. If the asset's carrying value is not recoverable, impairment is measured by determining the asset's fair value and recording any difference as an impairment loss. Long-lived assets subject to this policy include property, plant & equipment, definite-lived intangible assets, and Right-of-use assets. Impairment losses of $2.9 million and $4.0 million were recognized to the Company's right-of-use assets for the fiscal years ended February 2, 2024 and February 3, 2023, respectively. No impairments were recognized in the fiscal year ended January 28, 2022. Deferred Commissions and Deferred Fulfillment Costs. The Company accounts for both costs to obtain a contract for a customer, which are defined as costs that the Company would not have incurred if the contract had not been obtained, and costs to fulfill a contract by capitalizing and systematically amortizing the assets on a basis that is consistent with the transfer to the customer of the goods or services to which the assets relate. These costs generate or enhance resources used in satisfying performance obligations that directly relate to contracts. The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the incremental costs of obtaining contracts that the Company otherwise would have recognized is one year or less. The Company’s customer acquisition costs are primarily attributable to sales commissions and related fringe benefits earned by the Company’s sales force and such costs are considered incremental costs to obtain a contract. Sales commissions for initial contracts are deferred and amortized taking into consideration the pattern of transfer to which assets relate and may include expected renewal periods where renewal commissions are not commensurate with the initial commission period. The Company recognizes deferred commissions on a straight-line basis over the life of the customer relationship (estimated to be six years) in sales and marketing expenses. These assets are classified as non-current and included in other non-current assets in the Consolidated Statements of Financial Position. As of February 2, 2024 and February 3, 2023, the amount of deferred commissions included in other non-current assets was $41.8 million and $49.6 million, r espectively. The Company historically recognized deferred fulfillment costs related to its other managed security services in cost of revenue on a straight-line basis over the device service life estimated at four years. Consistent with the Company's end-of-life transition of its non-strategic managed security services, these deferred fulfillment costs are fully amortized as of fiscal 2024. As of February 2, 2024 and February 3, 2023, the amount of deferred fulfillment costs included in other non-current assets was $0.0 million and $3.2 million, respectively. Foreign Currency Translation. During the periods presented, Secureworks primarily operated in the United States. For the majority of the Company’s international subsidiaries, the Company has determined that the functional currency of those subsidiaries is the local currency. Accordingly, assets and liabilities for these entities are translated at current exchange rates in effect at the balance sheet date. Revenue and expenses from these international subsidiaries are translated using the monthly average exchange rates in effect for the period in which the items occur. Foreign currency translation adjustments are included as a component of accumulated other comprehensive loss, while foreign currency transaction gains and losses are recognized in the Consolidated Statements of Operations within interest and other (expense) income, net. These transaction gains (losses) totaled $(2.6) million, $0.8 million and $(3.4) million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. Revenue Recognition. Secureworks derives revenue primarily from subscription services and professional services. Subscription revenue is derived from (i) the Taegis security platform and (ii) managed security services. Professional services typically include incident response and security and risk consulting solutions. As indicated above, the Company has one primary business activity, which is to provide customers with technology-driven information security 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, the Company is considered to be in a single reportable segment and operating unit structure. Beginning in fiscal 2021, the Company began transitioning its subscription business to its Taegis subscription solutions from non-strategic other managed security subscription services. As part of the Company’s ongoing transition, early in the fourth quarter of fiscal 2022, it informed customers that many of its other managed security subscription services would no longer be available for purchase, effective as of the beginning of fiscal 2023, as many of those services offer a natural transition to its Taegis platform. Renewals associated with many of the Company’s existing other managed security subscription services were not extended beyond the end of fiscal 2023. The following table presents revenue by service type (in thousands): Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Net revenue: Taegis Subscription Solutions $ 265,298 $ 188,085 $ 85,599 Managed Security Services 39,258 175,363 323,348 Total Subscription revenue 304,556 363,448 408,947 Professional Services 61,323 100,027 126,267 Total net revenue $ 365,879 $ 463,475 $ 535,214 The Company’s proprietary Taegis security platform was purpose-built as a subscription-based SaaS platform that combines the power of artificial intelligence and machine-learning with security analytics and threat intelligence to unify detection and response across endpoint, network, cloud, and other business systems for better security outcomes and simpler security operations. Taegis’ core offerings are the security platform, Taegis XDR, and our supplemental MDR service, ManagedXDR. Customers do not have the right to take possession of the security platform. Revenue for our Taegis SaaS solutions is recognized on a straight-line basis over the term of the arrangement, beginning with provision of the tenant by grant of access to the security platform. The ManagedXDR service is identified as a distinct performance obligation that is separable from the XDR SaaS solution. While a customer must purchase and deploy the XDR solution to gain any utility from the ManagedXDR service, a customer can purchase and benefit from using the XDR SaaS solution on its own. In order to conclude that the two promises are not separately identifiable, the interrelationship and interdependence would most likely have to be reciprocal between the two separate offerings. The nature of the ManagedXDR service is to stand ready or deliver an unspecified quantity of services each day during the contract term, based on customer-specific needs. The ManagedXDR service period is contractually tied to the related security solution and, as a stand-ready obligation, will be recognized on a straight-line basis over the term of the arrangement. Subscription-based managed security service arrangements typically included security services, up-front installation fees and maintenance and also may include the provision of an associated hardware appliance. The Company uses its hardware appliances in providing security services required to access the Company’s legacy Counter Threat Platform. The arrangements that require hardware do not typically convey ownership of the appliance to the customer. Moreover, any related installation fees are non-refundable and incapable of being distinct within the context of the arrangement. Therefore, the Company determined that these arrangements constitute a single performance obligation for which the revenue and any related costs are recognized over the term of the arrangement ratably, which reflects the Company’s performance in transferring control of the services to the customer. Amounts that have been invoiced for the subscription-based managed security services and the Taegis subscription solutions where the relevant revenue recognition criteria have not been met will be included in deferred revenue. Professional services consist primarily of fixed-fee and retainer-based contracts. Revenue from these engagements is recognized using an input method over the contract term. The Company reports revenue net of any revenue-based taxes assessed by governmental authorities that are imposed on, and concurrently with, specific revenue-producing transactions. The Company recognizes revenue when all of the following criteria are met: • Identification of the contract, or contracts, with a customer— A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer, (ii) the contract has commercial substance and the parties are committed to perform, and (iii) payment terms can be identified and collection of substantially all consideration to which the Company will be entitled in exchange for goods or services that will be transferred is deemed probable based on the customer’s intent and ability to pay. Contracts entered into for professional services and subscription-based solutions near or at the same time are generally not combined as a single contract for accounting purposes, since neither the pricing nor the services are interrelated. • Identification of the performance obligations in the contract— Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are both (i) capable of being distinct, whereby the customer can benefit from the goods or service either on its own or together with other resources that are readily available from third parties or from the Company, and (ii) distinct in the context of the contract, whereby the transfer of the goods or services is separately identifiable from other promises in the contract. When promised goods or services are incapable of being distinct, the Company accounts for them as a combined performance obligation. With regard to a typical contract for subscription-based managed security services, the performance obligation represents a series of distinct services that will be accounted for as a single performance obligation. For a typical contract that includes subscription-based SaaS applications, each is generally considered to be distinct and accounted for as separate performance obligations. In a typical professional services contract, Secureworks has a separate performance obligation associated with each service. The Company generally acts as a principal when delivering either the subscription-based solutions or the professional services arrangement and, thus, recognizes revenue on a gross basis. • Determination of the transaction price— The total transaction price is primarily fixed in nature as the consideration is tied to the specific services purchased by the customer, which constitutes a series for delivery of the solutions over the duration of the contract for the Company’s subscription services. For professional services contracts, variable consideration exists in the form of rescheduling penalties and expense reimbursements; no estimation is required at contract inception, since variable consideration is allocated to the applicable period. • Allocation of the transaction price to the performance obligations in the contract— The Company allocates the transaction price to each performance obligation based on the performance obligation’s standalone selling price. Standalone selling price is determined by considering all information available to the Company, such as historical selling prices of the performance obligation, geographic location, overall strategic pricing objective, market conditions and internally approved pricing guidelines related to the performance obligations. • Recognition of revenue when, or as, the Company satisfies performance obligation— The Company recognizes revenue over time on a ratable recognition basis using a time-elapsed output method to measure progress for all subscription-based performance obligations, including managed security services and SaaS applications, over the contract term. For any upgraded installation services which the Company has determined represent a performance obligation separate from its subscription-based arrangements, revenue is recognized over time using hours elapsed over the service term as an appropriate method to measure progress. For the performance obligation pertaining to professional services arrangements, the Company recognizes revenue over time using an input method based on time (hours or days) incurred to measure progress over the contract term. Deferred Revenue (Contract Liabilities). Deferred revenue represents amounts contractually billed to customers or payments received from customers for which revenue has not yet been recognized. Deferred revenue that is expected to be recognized as revenue within one year is recorded as short-term deferred revenue and the remaining portion is recorded as long-term deferred revenue. The Company has determined that its contracts generally do not include a significant financing component. The primary purpose of the Company’s invoicing terms is to provide customers with simplified and predictable ways of purchasing its solutions, not to receive financing from customers or to provide customers with financing. Examples of such terms include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period. Cost of Revenue. Cost of revenue consists primarily of compensation and related expenses, including salaries, benefits and performance-based compensation for employees who provide security services to customers, including those who deliver services associated with the Taegis platform. Other expenses include depreciation of equipment and costs associated with maintenance agreements for hardware provided to customers as part of their subscription-based solutions. In addition, cost of revenue includes amortization of technology licensing fees and external software development costs capitalized, fees paid to vendors who support and enable subscription offerings, maintenance fees and overhead allocations. Research and Development. Research and development costs are expensed as incurred. Research and development expenses include compensation and related expenses for the continued development of solutions offerings, including a portion of costs related to the threat research team, which focuses on the identification of system vulnerabilities, data forensics and malware analysis, and product management. In addition, expenses related to the development and prototype of new solutions offerings also are included in research and development costs, as well as allocated overhead. The Company’s solutions offerings have generally been developed internally. Sales and Marketing. Sales and marketing expense consists of compensation and related expenses that include salaries, benefits, and performance-based compensation (including sales commissions and related expenses for sales and marketing personnel), marketing and advertising programs, such as lead generation, customer advocacy events, other brand-building expenses and allocated overhead. Advertising costs are expensed as incurred and wer e $26.2 million, $42.8 million and $25.2 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. General, and Administrative. General and administrative expense primarily includes the costs of human resour ces and recruiting, finance and accounting, legal support, management information systems and information security systems, facilities management, and other administrative functions, offset by allocations of information technology and facilities costs to other functions. Reorganization and other related charges. Reorganization and other related charges consist primarily of severance and other termination benefits and real estate-related expenses, as described in “Note 14—Reorganization and Other Related Costs.” Software Development Costs. Qualifying software costs developed for internal use are capitalized when application development begins, it is probable that the project will be completed, and the software will be used as intended. In order to expedite delivery of the Company’s security solutions, the application stage typically commences before the preliminary development stage is completed. Accordingly, no significant internal-use software development costs have been capitalized during any period presented. The Company capitalizes development costs associated with software and applications to be sold, leased, or otherwise marketed after technological feasibility of the software or application is established. Under the Company’s current practice of developing new software, the technological feasibility of the underlying software or application is not established until substantially all product development and testing is complete, which generally includes the development of a working model. Software development costs associated with software and applications to be sold, leased, or otherwise marketed that have been capitalized to date total approximately $5.2 million for the fiscal year ended February 2, 2024 . Income Taxes. Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Consolidated Statement of Operations in the period that includes the enactment date. The Company calculates a provision for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. The Company accounts for the tax impact of including Global Intangible Low Tax Income, or GILTI, in U.S. taxable income as a period cost. The Company provides valuation allowances for deferred tax assets, where appropriate. In assessing the need for a valuation allowance, the Company considers all available evidence for each jurisdiction, including past operating results, estimates of future taxable income, and the feasibility of ongoing tax planning strategies. In the event the Company determines all or part of the net deferred tax assets are not realizable in the future, it will make an adjustment to the valuation allowance that would be charged to earnings in the period in which such determination is made. The accounting guidance for uncertainties in income tax prescribes a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The Company recognizes a tax benefit from an uncertain tax position in the financial statements only when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authority’s administrative practices and precedents. During the periods presented in the financial statements, the Company did not file separate federal tax returns, as the Company was 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 the benefits-for-loss approach, net operating losses or other tax attributes are characterized as realized or as realizable by the Company when those attributes are utilized or expected to be utilized by other members of the Dell affiliated group. Stock-Based Compensation. The Company’s compensation programs include grants under the SecureWorks Corp. 2016 Long-Term Incentive Plan and, prior to the IPO date, grants under share-based payment plans of Dell Technologies. Under the plans, the Company, and prior to the IPO, Dell Technologies, have granted stock options, restricted stock awards, and restricted stock units. Compensation expense related to stock-based transactions is measured and recognized in the financial statements based on grant date fair value. Fair value for restricted stock awards and restricted stock units under the Company’s plan is based on the closing price of the Company’s Class A common stock as reported on the Nasdaq Global Select Market on the day of the grant. The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model and a single option award approach. This model requires that at the date of grant the Company must determine the fair value of the underlying Class A common stock, the expected term of the award, the expected volatility, risk-free interest rates and expected dividend yield. The Company’s annual grant of restricted stock and restricted stock units issued during the fiscal year ended February 2, 2024 vest over an average service period of three years and approximately 17% of such awards are subject to performance conditions. Stock-based compensation expense with respect to service-based awards is adjusted for forfeitures and recognized using a straight-line basis over the requisite service periods of the awards, which is generally three Loss Contingencies. Secureworks is subject to the possibility of various losses arising in the ordinary course of business. An estimated loss contingency is accrued when it is probable that an asset has been impaired or a liability has been incurred and the amount of loss can be reasonably estimated. The Company regularly evaluates current information available to determine whether such accruals should be adjusted and whether new accruals are required. See “Note 7–Commitments and Contingencies” for more information about loss contingencies. Recently Issued Accounting Pronouncements Segment Reporting – In November 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2023-07, Segment Reporting, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for our annual periods beginning in the fiscal year ending January 31, 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the impact that the updated standard will have on its financial statement disclosures. Income Taxes – In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires an entity, on an annual basis, to disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new standard.

NET LOSS PER SHARE

NET LOSS PER SHARE	12 Months Ended
	Feb. 02, 2024
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET LOSS PER SHARE Net loss per share is calculated by dividing net loss for the periods presented by the respective weighted-average number of common shares outstanding, and it 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 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 net loss per common share (in thousands, except per share amounts): Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Numerator: Net loss $ (86,042) $ (114,499) $ (39,791) Denominator: Weighted-average number of shares outstanding: Basic and Diluted 86,049 84,389 82,916 Net loss per common share: Basic and Diluted $ (1.00) $ (1.36) $ (0.48) Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units 8,048 6,039 5,020

CONTRACT BALANCES AND CONTRACT

CONTRACT BALANCES AND CONTRACT COSTS	12 Months Ended
	Feb. 02, 2024
Revenue from Contract with Customer [Abstract]
CONTRACT BALANCES AND CONTRACT COSTS	CONTRACT BALANCES AND CONTRACT COSTS Promises to provide the Company’s subscription-based SaaS solutions 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 February 2, 2024. 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 fiscal year ended February 2, 2024, on average , 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 fiscal years ended February 2, 2024 and February 3, 2023 are as follows (in thousands): As of February 3, 2023 Upfront payments received and billings during the fiscal year ended February 2, 2024 Revenue recognized during the fiscal year ended February 2, 2024 As of February 2, 2024 Deferred revenue $ 156,332 $ 186,931 $ (206,312) $ 136,951 As of January 28, 2022 Upfront payments received and billings during the fiscal year ended February 3, 2023 Revenue recognized during the fiscal year ended February 3, 2023 As of February 3, 2023 Deferred revenue $ 176,068 $ 220,063 $ (239,799) $ 156,332 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 are expected to 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 February 2, 2024, 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 $ 210,659 $ 130,295 $ 61,904 $ 14,822 $ 3,638 Performance obligation - backlog 907 493 276 138 — Total $ 211,566 $ 130,788 $ 62,180 $ 14,960 $ 3,638 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 fiscal years ended February 2, 2024 and February 3, 2023 are as follows (in thousands): As of February 3, 2023 Amount capitalized Amount expensed As of February 2, 2024 Deferred commissions $ 49,565 $ 9,383 $ (17,133) $ 41,815 Deferred fulfillment costs 3,232 — (3,232) — As of January 28, 2022 Amount capitalized Amount expensed As of February 3, 2023 Deferred commissions $ 53,978 $ 13,790 $ (18,203) $ 49,565 Deferred fulfillment costs 7,597 408 (4,773) 3,232

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Feb. 02, 2024
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 remained unchanged, totaling $425.5 million as of each of the fiscal years ended February 2, 2024 and February 3, 2023. 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 2024 by performing a "Step 0" qualitative assessment of 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. The qualitative assessment includes the Company's consideration of the relevant events and circumstances that would affect the Company's single reporting unit, including macroeconomic, industry and market conditions, the Company's overall financial performance including changes to its cost structure during calendar 2023 and trends in the market price of the Company's Class A common stock. After assessing the totality of these events and circumstances, the Company determined it was not more-likely-than not that the fair value of the reporting unit and indefinite-lived intangible asset was less than their respective carrying values as of the annual impairment date. Further, no triggering events have transpired since the performance of the qualitative assessment that would indicate a potential impairment during the fiscal year ended February 2, 2024. Intangible Assets The Company's intangible assets at February 2, 2024 and February 3, 2023 were as follows: February 2, 2024 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (147,624) $ 41,894 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (139,042) 2,742 141,784 (128,612) 13,172 Developed Technology 17,070 (8,589) 8,481 11,827 (4,897) 6,930 Finite-lived intangible assets 348,372 (295,255) 53,117 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 378,490 $ (295,255) $ 83,235 $ 373,247 $ (267,039) $ 106,208 Amortization expense related to finite-lived intangible assets was approximately $28.2 million, $31.2 million and $30.2 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. Amortization expense is included within cost of revenue and general and administrative expenses in the Consolidated Statement of Operations. There were no impairment charges related to intangible assets during the past three fiscal years. Estimated future amortization expense of finite-lived intangible assets as of February 2, 2024 over the next five years and thereafter is as follow (in thousands): Fiscal Years Ending February 2, 2024 2025 $ 19,180 2026 17,914 2027 15,783 2028 240 2029 — Thereafter — Total $ 53,117

DEBT

DEBT	12 Months Ended
	Feb. 02, 2024
Debt Disclosure [Abstract]
DEBT	DEBT Revolving Credit Facility SecureWorks, Inc., a wholly-owned subsidiary of SecureWorks Corp., is party to a revolving credit agreement with a wholly-owned subsidiary of Dell Inc. under which the Company obtained a $50 million senior, unsecured revolving credit facility. Effective September 6, 2023, the Company executed an amendment to the revolving credit agreement that was effectuated on March 23, 2023. This amended agreement: (1) increased the maximum principal amount of borrowings outstanding under the revolving credit facility to $50 million, (2) removed the one-time increase of up to an additional $30 million in borrowings upon mutual agreement by lender and borrower, (3) extended the commitment and required repayment date under the revolving credit agreement to March 23, 2026, and (4) modified the rate at which interest accrues on funds drawn against the revolving credit agreement to SOFR plus 2.00%. 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 February 2, 2024 or February 3, 2023, and there were no amounts borrowed under the credit facility during the fiscal years ended February 2, 2024 or February 3, 2023. 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	12 Months Ended
	Feb. 02, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	COMMITMENTS AND CONTINGENCIES Purchase Obligations —The Company had various purchase obligations at February 2, 2024 over a period of approximately four years with vendors or contractors, subject to the Company’s operational needs. As of February 2, 2024, the purchase obligations (in thousands) are as follows: Fiscal Years Ending Payments Due For 2025 $ 41,589 2026 41,809 2027 59,751 2028 74 2029 — 2029 and beyond — Total $ 143,223 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 February 2, 2024, 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 February 2, 2024, the Company is under audit with various state taxing authorities in which rulings related to the taxability of certain of its services are pending. During fiscal 2024, the Company paid $7.4 million related to such matters. As of February 2, 2024, the Company had remaining an estimated liability in the amount of $1.6 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 —

LEASES

LEASES	12 Months Ended
	Feb. 02, 2024
Leases [Abstract]
LEASES	LEASES The Company’s leases primarily relate to office facilities that have remaining lease terms of 0.5 years to 2.9 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise. Fiscal Year Ended February 2, 2024 February 3, 2023 (in thousands) Operating lease cost $ 4,327 $ 4,628 Variable lease costs 402 560 Total lease costs $ 4,729 $ 5,188 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities $ 5,371 $ 5,926 Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: February 2, 2024 February 3, 2023 Weighted-average remaining lease term 2.8 years 3.6 years Weighted-average discount rate 5.41 % 5.38 % The following table summarizes the maturity of the Company’s operating lease liabilities as of February 2, 2024 (in thousands): Fiscal Years Ending February 2, 2024 2025 $ 5,095 2026 4,526 2027 4,088 2028 — 2029 — Thereafter — Total operating lease payments $ 13,709 Less imputed interest 884 Total operating lease liabilities $ 12,825 As part of its actions to rebalance investments cross-functionally in alignment with its current strategy and growth opportunities, the Company ceased use of certain corporate office space as a part of its real estate-related cost optimization actions. The right-of-use asset was assessed to be part of an asset group separate from the Company-level single asset group. Fair value of the asset was determined using a discounted cash flow methodology considering the asset's specific use to generate cash flows. In fiscal 2023, an impairment loss of $4.0 million was recorded to its right-of-use assets. During fiscal 2024, in consideration of updated facts and circumstances, the Company reassessed the discounted cash flow methodology used to derive fair value of this asset group. The Company determined the asset values were not recoverable and recorded an impairment loss of $2.9 million to its operating lease right-of-use assets. An additional $0.4 million and $0.5 million of expenses were incurred in fiscal 2024 and fiscal 2023, respectively, associated with the real estate-related cost optimization actions taken by the Company. See Note 14 —“Reorganization and other related costs” for further discussion.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	12 Months Ended
	Feb. 02, 2024
Equity [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS’ EQUITY On September 26, 2018, the Company’s board of directors authorized a stock repurchase program, under which the Company was authorized to repurchase up to $15 million of the Company’s Class A common stock through September 30, 2019. On March 26, 2019, the board of directors expanded the repurchase program to authorize the repurchase up to an additional $15 million of the Company’s Class A common stock through May 1, 2020, on which date the program terminated. No shares of Class A common stock were repurchased during the fiscal years ended February 3, 2023 and February 2, 2024.

STOCK-BASED COMPENSATION AND EM

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN	12 Months Ended
	Feb. 02, 2024
Share-Based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN	STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN In connection with the IPO, the Company’s board of directors adopted the SecureWorks Corp. 2016 Long-Term Incentive Plan (the “2016 Plan”). The 2016 Plan became effective on April 18, 2016, and will expire on the tenth anniversary of the effective date unless the 2016 Plan is terminated earlier by the board of directors or in connection with a change in control of SecureWorks Corp. The Company has reserved 25,000,000 shares of Class A common stock for issuance pursuant to awards under the 2016 Plan. 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. The Company utilizes both authorized and unissued shares to satisfy all shares issued under the 2016 Plan. During fiscal 2024, the 2016 Plan was amended to increase the total shares of Class A common stock available for issuance by an additional 7,500,000 shares. As of February 2, 2024, there were approximately 3,887,644 shares of Class A common stock available for future grants under the 2016 Plan. Stock Options Under the 2016 Plan, the exercise price of each option will be determined by the compensation committee, except that the exercise price may not be less than 100% (or, for incentive stock options to any 10% stockholder, 110%) of the fair market value of a share of Class A common stock on the date on which the option is granted. The term of an option may not exceed ten years (or, for incentive stock options to any 10% stockholder, five years) from the date of grant. The compensation committee will determine the time or times at which each option may be exercised and the period of time, if any, after retirement, death, disability or termination of employment during which options may be exercised. Options may be made exercisable in installments, and the exercisability of options may be accelerated by the compensation committee. During the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, no stock options were granted to employees or directors. The Company recognized zero, zero and $0.2 million in compensation expense for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively, for previously granted options. The fair value of stock options is estimated as of the date of the grant using the Black-Scholes option pricing model. This model requires the input of subjective assumptions that will usually have a significant impact on the fair value estimate. The expected term was estimated using the SEC simplified method. The risk-free interest rate is the continuously compounded, term-matching, zero-coupon rate from the valuation date. The volatility is the leverage-adjusted, term-matching, historical volatility of peer firms. The dividend yield assumption is consistent with management expectations of dividend distributions based upon the Company’s business plan at the date of grant. The following table summarizes stock option activity and options outstanding and exercisable for the fiscal years ended, and as of, February 2, 2024, February 3, 2023, and January 28, 2022. Number Weighted- Weighted- Weighted-Average Grant date Fair Value Per Share Aggregate Intrinsic Value 1 (in thousands) Balance, January 29, 2021 1,775,565 $ 14.00 Granted — — Exercised (1,417,105) 14.00 Canceled, expired or forfeited (196,535) 14.00 Balance, January 28, 2022 161,925 $ 14.00 Granted — — Exercised — 14.00 Canceled, expired or forfeited — 14.00 Balance, February 3, 2023 161,925 $ 14.00 Granted — — Exercised — 14.00 Canceled, expired or forfeited (15,723) 14.00 Balance, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — Options vested and expected to vest, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — Options exercisable, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — (1) The aggregate intrinsic values represent the total pre-tax intrinsic values based on the Company’s closing share price of $7.65 as reported on the Nasdaq Global Select Market on February 2, 2024, that would have been received by the option holders had all in-the-money options been exercised as of that date. The total fair value of options vested was zero, zero and $1.1 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. At February 2, 2024, there was no remaining unrecognized stock-based compensation expense related to stock options as all stock options outstanding are exercisable. In connection with the acquisition of Dell by Dell Technologies in 2013, the Company’s compensation programs included grants under the Dell Technologies Inc. 2013 Stock Incentive Plan, or 2013 Plan. Under the 2013 Plan, time-based and performance-based options to purchase shares of the Series C common stock of Dell Technologies were awarded to two of the Company ’ s executive officers. Upon the closing of the Company’s IPO, all unvested time-based awards were forfeited, and 32,000 vested time-based stock options remained outstanding and 400,001 performance-based options remained unvested and outstanding subject to award terms. During the fiscal year ended January 28, 2022, 10,000 options were exercised with a pre-tax intrinsic value of $1.0 million. Cash proceeds received by Dell Technologies from the exercise of these stock options were $0.1 million and the tax benefit realized was $0.2 million for the fiscal year ended January 28, 2022. As of January 28, 2022, there were no stock options outstanding. Restricted Stock and Restricted Stock Units Under the 2016 Plan, a restricted stock award, or RSA, is an award of shares of Class A common stock that may be subject to restrictions on transferability and other restrictions as the compensation committee determines in its sole discretion on the date of grant. The restrictions, if any, may lapse over a specified period of time or through the satisfaction of conditions, in installments or otherwise as the Company’s compensation committee may determine. Unless otherwise provided in an award agreement, a grantee who receives restricted stock will have all of the rights of a stockholder as to those shares, including, without limitation, the right to vote and the right to receive dividends or distributions on the shares of Class A common stock, except that the compensation committee may require any dividends to be withheld and accumulated contingent on vesting of the underlying shares or reinvested in shares of restricted stock. Under the 2016 Plan, a restricted stock unit, or RSU, represents the grantee’s right to receive a compensation amount, based on the value of the shares of Class A common stock, if vesting criteria or other terms and conditions established by the compensation committee are met. If the vesting criteria or other terms and conditions are met, the Company may settle, subject to the terms and conditions of the applicable award agreement, restricted stock units in cash, shares of Class A common stock or a combination of the two. All award agreements currently outstanding require settlement in shares of Class A common stock. During the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, the Company issued restricted stock awards and restricted stock units to employees at weighted-average fair values per share of $6.88, $12.88, and $19.81, respectively. The Company’s annual grants of RSAs and RSUs issued during the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022 vest ratably over three years. Approximately 17%, 16%, and 26% of such awards were subject to performance conditions for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. Of the 8.9 million RSUs outstanding on February 2, 2024, approximately 1.2 million were performance-based awards and 7.7 million were service-based awards. For the fiscal year ended February 2, 2024, approximately 279,839 shares were forfeited for the performance-based awards that were tied to results for that fiscal year. As of February 2, 2024, unrecognized stock-based compensation expense related to restricted stock awards and restricted stock units was $37.3 million, which is expected to be recognized over the weighted-average remaining requisite period of 1.8 years. The following table summarizes activity for restricted stock and restricted stock units for the fiscal years ended, and as of, February 2, 2024, February 3, 2023, and January 28, 2022. Number Weighted- Weighted- Aggregate Intrinsic Value 1 (in thousands) Balance, January 29, 2021 4,513,093 $ 12.68 Granted 3,119,246 19.81 Vested (1,894,276) 12.71 Forfeited (1,039,567) 16.69 Balance, January 28, 2022 4,698,496 $ 16.52 Granted 4,250,300 12.88 Vested (2,060,611) 15.93 Forfeited (1,600,683) 14.91 Balance, February 3, 2023 5,287,502 $ 14.27 Granted 8,298,794 6.88 Vested (2,455,762) 14.26 Forfeited (2,235,036) 9.06 Balance, February 2, 2024 8,895,498 $ 8.68 1.0 $ 68,051 Restricted stock and restricted stock units expected to vest, February 2, 2024 7,808,058 $ 8.81 1.0 $ 59,732 (1) The aggregate intrinsic values represent the total pre-tax intrinsic values based on the Company ’ s closing share price of $7.65 as reported on the Nasdaq Global Select Market on February 2, 2024, that would have been received by the restricted stock and restricted stock unit holders had all restricted stock and restricted stock units been issued as of that date. As of February 2, 2024, restricted stock units representing approximately 8.9 million shares of Class A common stock were outstanding, with an aggregate intrinsic value of $68.1 million based on the Company’s closing stock price as reported on the Nasdaq Global Select Market on February 2, 2024. The total fair value of Secureworks’ restricted stock and restricted stock units that vested during the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022 was $35.0 million, $32.8 million, and $24.1 million, respectively, and the pre-tax intrinsic value was $19.0 million, $24.9 million and $29.2 million, respectively. Stock-based Compensation Expense The following table summarizes the classification of stock-based compensation expense related to stock options, restricted stock and restricted stock units for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022. Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Cost of revenue: Subscription $ 1,051 $ 642 $ 218 Professional services 1,527 1,358 905 Total cost of revenue $ 2,578 $ 2,000 $ 1,123 Research and development 12,625 11,589 7,220 Sales and marketing 4,166 6,568 4,065 General and administrative 15,735 16,698 18,038 Total stock-based compensation expense $ 35,104 $ 36,855 $ 30,446 The tax benefit related to stock-based compensation expense was $5.1 million, $6.2 million, and $4.2 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. Long-term Incentive Cash Awards In March 2017, the Company began granting long-term cash awards to certain employees. Generally, employees who receive the cash awards did not receive equity awards as part of the long-term incentive program. The majority of the cash awards issued prior to the fiscal year ended January 29, 2021 are subject to various performance conditions and vest in equal annual installments over a three-year period. The cash awards issued during the fiscal years ended February 2, 2024, February 3, 2023 and January 28, 2022 are not subject to any performance conditions and vest in equal installments over a three-year period. For the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, the Company granted awards of approximately $0.1 million, $0.1 million, and $9.1 million, respectively, and recognized $2.0 million, $4.6 million, and $6.4 million of related compensation expense, respectively. Employee Benefit Plan Substantially all employees are eligible to participate in a defined contribution plan that complies with Section 401(k) of the Internal Revenue Code, or 401(k) Plan. For all presented periods, the Company matched 100% of each participant’s voluntary contributions, or 401(k) employer match, subject to a maximum contribution of 6% of the participant’s compensation, up to an annual limit of $7,500, and participants vest immediately in all contributions to the 401(k) Plan. For the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, total expense under this plan was $8.0 million, $9.8 million, and $10.1 million, respectively .

INCOME AND OTHER TAXES

INCOME AND OTHER TAXES	12 Months Ended
	Feb. 02, 2024
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 fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022 were as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Loss before income taxes $ (114,520) $ (146,781) $ (55,906) Income tax benefit $ (28,478) $ (32,282) $ (16,115) Effective tax rate 24.9 % 22.0 % 28.8 % During the periods presented in the accompanying Consolidated Financial Statements, 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 affiliated 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 change in the Company’s effective income tax rate for the fiscal years ended February 2, 2024, February 3, 2023 and January 28, 2022 was primarily attributable to the impact of certain nondeductible items related to the vesting of stock-based compensation units and the recognition of additional benefits relating to the research and development credits. Throughout the fiscal year ended February 2, 2024, the U.S. Department of the Treasury and Internal Revenue Service issued preliminary and final regulatory guidance clarifying certain provisions of the Tax Cuts and Jobs Act of 2017, and the Company anticipates additional regulatory guidance and technical clarifications to be issued. When additional guidance and technical clarifications are issued, the Company will recognize the related tax impact in the quarter in which such guidance is issued. The GILTI provisions of the Act signed into law on December 22, 2017 require the Company to include in its U.S. income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary’s tangible assets. The Company has elected to account for GILTI as a current period cost included in the year incurred. A reconciliation of the Company’s benefit from income taxes to the statutory U.S. federal tax rate is as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % Impact of foreign operations (0.9) (0.7) (1.8) State income taxes, net of federal tax benefit 4.2 2.5 4.3 Research and development credits 4.3 2.4 8.8 Nondeductible/nontaxable items 0.9 (0.7) 0.3 Stock-based compensation (4.5) (2.5) (3.8) Total 24.9 % 22.0 % 28.8 % The benefit for income taxes consists of the following: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Current: Federal $ (5,808) $ (1,904) $ (10,076) State/Local (1,260) 688 (2,603) Foreign 1,718 1,685 2,364 Current $ (5,350) $ 469 $ (10,315) Deferred: Federal (19,679) (28,241) (4,869) State/Local (3,767) (4,257) (328) Foreign 318 (253) (603) Deferred $ (23,128) $ (32,751) $ (5,800) Income tax benefit $ (28,478) $ (32,282) $ (16,115) Loss before provision for income taxes consists of the following: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Domestic $ (119,265) $ (154,426) $ (59,541) Foreign 4,745 7,645 3,635 Loss before income taxes $ (114,520) $ (146,781) $ (55,906) The components of the Company’s net deferred tax balances are as follows: February 2, 2024 February 3, 2023 (in thousands) Deferred tax assets: Deferred revenue $ 2,897 $ 3,158 Provision for credit losses 263 523 Credit carryforwards 844 534 Loss carryforwards 6,201 5,717 Stock-based and deferred compensation 4,682 5,896 Lease right-of-use asset 2,644 3,525 Capitalized research and development 44,698 27,482 Other 4,966 3,881 Deferred tax assets $ 67,195 $ 50,716 Valuation allowance (8,778) (5,824) Deferred tax assets, net of valuation allowance $ 58,417 $ 44,892 Deferred tax liabilities: Property and equipment (140) (325) Purchased intangible assets (20,643) (25,848) Operating and compensation related accruals (8,509) (10,821) Lease liability (626) (1,613) Other (2,796) (2,347) Deferred tax liabilities $ (32,714) $ (40,954) Net deferred tax asset (liabilities) $ 25,703 $ 3,938 Net deferred tax balances are included in other non-current assets and other non-current liabilities in the Consolidated Statements of Financial Position. As of February 2, 2024 and February 3, 2023, the Company had $8.8 million and $5.8 million, respectively, of deferred tax assets related to net operating loss carryforwards for state tax returns that are not included with those of other Dell entities. The change in the valuation allowance was $3.0 million and $0.3 million for the fiscal years ended February 2, 2024 and February 3, 2023, respectively. These net operating loss carryforwards began expiring in the fiscal year ended February 2, 2024. 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 February 2, 2024 and February 3, 2023. Because the Company is included in the tax filings of certain other Dell entities, management has determined that it will be able to realize the remainder of its deferred tax assets. When Dell’s economic ownership percentage falls below 80%, the Company will become ineligible for inclusion in the Dell Technologies affiliated tax group. The Company’s ability to benefit from its losses and other tax attributes may be impaired resulting from the need to file its own Federal and State tax returns without the ability to offset its losses against the profits from the parent. Currently, net consolidated deferred tax assets are approximately $25.7 million. If the Company’s tax provision had been prepared using the separate-return method, the unaudited pro forma pre-tax loss, tax expense and net loss for the fiscal year ended February 2, 2024 would have been $114.5 million, $2.1 million, and $116.6 million, respectively, as a result of the recognition of a valuation allowance that would have been recorded on certain 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 affiliated group. In early March 2024, Dell’s economic ownership of the Company dropped below 80%. As a result, the Company will no longer qualify for inclusion in Dell Technologies’ U.S. federal income tax return and most U.S. state jurisdictions. Given the Company's history of losses, a full valuation allowance will be recorded against its deferred tax assets due to the inability to file with Dell. The full valuation allowance will be recorded in the period ended May 3, 2024. Currently, the net deferred tax assets in the U.S. are approximately $23.4 million. We expect for the foreseeable future that a full valuation allowance will be recorded against our deferred tax assets until such time that we meet the more likely than not recognition criteria. As of February 2, 2024, the Company has cumulative undistributed foreign earnings that would incur some amount of local withholding and state taxes if the earnings are distributed to SecureWorks Corp., which is domiciled in the United States. The Tax Cuts and Jobs Act of 2017 fundamentally changes the U.S. approach to taxation of foreign earnings. The Company has analyzed its global working capital and cash requirements and the potential tax liabilities attributable to repatriation, and it has determined that it may repatriate certain unremitted foreign earnings that were previously deemed indefinitely reinvested. As of February 2, 2024 and February 3, 2023, the Company has recorded withholding taxes of $0.4 million and $0.1 million, respectively, related to certain unremitted foreign earnings that may be repatriated. A reconciliation of the Company’s beginning and ending amount of unrecognized tax benefits is as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Beginning unrecognized tax benefits $ 6,619 $ 6,509 $ 6,148 Increases related to tax positions of the current year 146 106 107 Increases related to tax position of prior years 95 4 256 Reductions for tax positions of prior years — — (2) Ending unrecognized tax benefits $ 6,860 $ 6,619 $ 6,509 The Company’s net unrecognized tax benefits of $4.9 million, $4.5 million, and $4.2 million include amounts reflected in the table above, plus accrued interest and penalties of $0.6 million, $0.4 million, and $0.3 million as of February 2, 2024, February 3, 2023 and January 28, 2022, respectively, and a tax benefit associated with other indirect jurisdictional effects of uncertain tax positions of $2.6 million as of February 2, 2024, February 3, 2023 and January 28, 2022 are included in other non-current liabilities in the Consolidated Statements of Financial Position. The net unrecognized tax benefits, if recognized, would increase the Company’s income tax benefit and effective income tax benefit rate. Interest and penalties related to income tax liabilities are included in income tax expense. The Company recorded interest and penalties of $0.2 million, $0.1 million and $0.1 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. Judgment is required in evaluating the Company’s uncertain tax positions and determining the Company’s provision for income taxes. The Company does not anticipate a significant change to the total amount of unrecognized tax benefits within the next twelve months. The Company is currently under income tax audit in both domestic and foreign jurisdictions. The Company is undergoing negotiations and, in some cases, contested proceedings relating to tax matters with the taxing authorities in these jurisdictions. The Company believes that it has provided adequate reserves related to all matters contained in the tax periods open to examination. Although the Company believes it has made adequate provisions for the uncertainties relating to these audits, if the Company should experience unfavorable outcomes, such outcomes could have a material impact on its results of operations, financial position, and cash flows. The Company takes certain non-income tax positions in the jurisdictions in which it operates and has received certain non-income tax assessments from various jurisdictions. The Company believes that a material loss in these matters is not probable and that it is not reasonably possible that a material loss exceeding amounts already accrued has been incurred. The Company believes its positions in these non-income tax litigation matters are supportable and that it ultimately will prevail. In the normal course of business, the Company’s positions and conclusions related to its non-income taxes could be challenged and assessments may be made. To the extent new information is obtained and the Company’s views on its positions, probable outcomes of assessments, or litigation change, changes in estimates to the Company’s accrued liabilities would be recorded in the period in which such a determination is made. In the resolution process for income tax and non-income tax audits, the Company may be required to provide collateral guarantees or indemnification to regulators and tax authorities until the matter is resolved. As of February 2, 2024, the Company is under audit with various state taxing authorities in which rulings related to the taxability of certain of our services are in appeals. See “Note 7 — Commitments and Contingencies, Customer-based Taxation Contingencies” for more information about loss contingencies.

SELECTED FINANCIAL INFORMATION

SELECTED FINANCIAL INFORMATION	12 Months Ended
	Feb. 02, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
SELECTED FINANCIAL INFORMATION	SELECTED FINANCIAL INFORMATION The following table provides additional information on amounts included in the Company's Consolidated Statement of Financial Position as of February 2, 2024 and February 3, 2023. February 2, 2024 February 3, 2023 (in thousands) Accounts receivable, net: Gross accounts receivable $ 55,818 $ 75,029 Allowance for credit losses (1,552) (2,402) Total $ 54,266 $ 72,627 Other current assets: Income tax receivable $ 5,092 $ 4,733 Prepaid maintenance and support agreements 5,014 7,276 Prepaid other 4,385 5,517 Total $ 14,491 $ 17,526 Property and equipment, net Computer equipment $ 30,783 $ 30,108 Leasehold improvements 10,280 22,390 Other equipment 1,526 2,144 Total property and equipment 42,589 54,642 Accumulated depreciation and amortization (40,440) (50,010) Total $ 2,149 $ 4,632 Other non-current assets Prepaid maintenance agreements $ 748 $ 799 Deferred tax asset 25,716 3,951 Deferred commission and fulfillment costs 41,815 52,797 Other 2,436 3,418 Total $ 70,715 $ 60,965 Accrued and other current liabilities Compensation $ 34,888 $ 50,397 Related party payable, net 4,868 1,141 Other 22,139 30,028 Total $ 61,895 $ 81,566 The allocation between domestic and foreign net revenue is based on the location of the Company’s customers. The following tables present net revenue and property, plant and equipment allocated between the United States and international locations. The Company defines international revenue as revenue contracted through non-U.S. entities. Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Net revenue United States $ 229,454 $ 306,799 $ 359,707 Japan 36,347 31,944 32,795 International 100,078 124,732 142,712 Total $ 365,879 $ 463,475 $ 535,214 February 2, 2024 February 3, 2023 Property and equipment, net United States $ 1,649 $ 3,945 International 500 687 Total $ 2,149 $ 4,632

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Feb. 02, 2024
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 $2.9 million, $3.8 million, and $3.8 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 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 Consolidated Statements of Financial Position. Purchases of computer equipment from Dell and EMC Corporation, a wholly-owned subsidiary of Dell that provides enterprise software and storage, or EMC, totaled $0.5 million, $0.9 million, and $0.7 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. 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 $0.9 million, $1.1 million, and $1.6 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. 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, continued to serve as Chairman of the Board of VMware until VMware was acquired by Broadcom Inc. on November 22, 2023. The Company recognized revenue related to solutions provided to VMware that totaled $0.5 million, $0.6 million and $0.5 million for the fiscal years ended February 2, 2024, February 3, 2023 and January 28, 2022, respectively. In October 2019, VMware acquired Carbon Black Inc., a security business with which the Company had an existing commercial relationship. Purchases by the Company of solutions from Carbon Black totaled $2.0 million, $2.9 million, and $6.2 million f or the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. 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 $0.2 million, $0.3 million, and $0.2 million fo r the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. 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 approximatel y $56.6 million, $65.0 million, and $61.7 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. In addition, as of February 2, 2024, 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 a pproximately $0.9 million, $4.6 million, and $11.7 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. As a result of the foregoing related party arrangements, the Company has recorded the following related party balances in the Consolidated Statement of Financial Position as of February 2, 2024 and February 3, 2023: February 2, 2024 February 3, 2023 (in thousands) Related party payable (in accrued and other current liabilities) $ 4,868 $ 1,141 Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net) $ 5,748 $ 5,584 Net operating loss tax sharing receivable under agreement with Dell (in other current assets) $ 4,976 $ 3,472

REORGANIZATION AND OTHER RELATE

REORGANIZATION AND OTHER RELATED COSTS	12 Months Ended
	Feb. 02, 2024
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 and through continued reorganization actions conducted during fiscal year ended February 2, 2024, the Company began rebalancing investments cross-functionally in alignment with the Company’s current strategy and growth opportunities, such as focusing on the higher value, higher margin Taegis solutions, optimizing the Company’s organizational structure to increase its scalability, and other priorities, to better position the Company for continued growth with improving operating margins over time. The Company incurred expenses associated with the plan of approximately $17.1 million and $15.5 million for the fiscal year ended February 2, 2024 and February 3, 2023, respectively. These expenses consisted primarily of severance and other termination benefits, real estate-related expenses, and various other cost saving measures. The following table summarizes the liability associated with these charges that is included in accrued and other current liabilities on the accompanying 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 Reorganization charge 13,873 3,272 — 17,145 Charges settled in cash (15,802) — (1,394) (17,196) Charges settled in non-cash — (3,272) — (3,272) Balance as of February 2, 2024 $ 5,621 $ — $ — $ 5,621

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Feb. 02, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS

REVISION TO PREVIOUSLY ISSUED 2

REVISION TO PREVIOUSLY ISSUED 2024 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	12 Months Ended
	Feb. 02, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
REVISION TO PREVIOUSLY ISSUED 2024 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)	REVISION TO PREVIOUSLY ISSUED 2024 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)As detailed in Note 1 to the Company’s Consolidated Financial Statements, the Company’s historical classification of the effects of exchange rate changes on the Company’s foreign denominated cash and cash equivalents balances was not presented separately as the effect of exchange rate changes on cash and cash equivalents in the Company's Consolidated Statement of Cash Flows, but rather was included as a component of net cash provided by (used in) operating activities and investing activities. This matter also impacted interim Condensed Consolidated Financial Statements of the Company and fiscal 2024 quarterly periods will also be revised in connection with our future fiscal 2025 unaudited interim Condensed Consolidated Financial Statement filings in Quarterly Reports on Form 10-Q. The Company will revise the Condensed Consolidated Statements of Cash Flows for the year-to-date periods ended May 5, 2023, August 4, 2023, and November 3, 2023 to correct the presentation of the effect of exchange rate changes on cash and cash equivalents. This revision will result in a decrease of $1.6 million, $2.6 million, and $4.6 million in net cash used in operating activities and de minimis impacts to cash flows from capital expenditures, as included in total cash used in investing activities, for the three months ended May 5, 2023, six months ended August 4, 2023, and nine months ended November 3, 2023, respectively. The corresponding amounts will be presented separately as the effect of exchange rate changes on cash and cash equivalents.

SCHEDULE II - VALUATION AND QUA

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	12 Months Ended
	Feb. 02, 2024
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS	SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS Valuation and Qualifying Accounts Balance at Charged to Balance at Beginning Income Charged to End of Fiscal Year Description of Period Statement Allowance Period Trade Receivables: 2024 Allowance for credit losses $ 2,402 $ (282) $ (568) $ 1,552 2023 Allowance for credit losses $ 3,511 $ (524) $ (585) $ 2,402 2022 Allowance for credit losses $ 4,830 $ (430) $ (889) $ 3,511

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Feb. 02, 2024
Accounting Policies [Abstract]
Basis of Presentation and Consolidation	Basis of Presentation and Consolidation The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP”). Certain amounts from the prior years have been reclassified to conform to current year presentation. 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 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, as amended or amended and restated, in part, from time to time, that went into effect on August 1, 2015. For more information regarding the related party transactions, see “Note 13—Related Party Transactions.”
Revisions	Revisions The Company’s historical classification of the effects of exchange rate changes on the Company’s foreign denominated cash and cash equivalents balances was not presented separately as the effect of exchange rate changes on cash and cash equivalents in the Company's Consolidated Statement of Cash Flows, but rather was included as a component of net cash provided by (used in) operating activities and investing activities. The Company has revised the Consolidated Statements of Cash Flows for fiscal year 2023 and 2022 to correct these classifications. For the fiscal year ended February 3, 2023, t he impact of this correction was a decrease in net cash used in operating activities of $3.9 million and an increase in net cash used for capital expenditures, as included in the total net cash used in investing activities, of $0.4 million . For the fiscal year ended January 28, 2022, t he impact of this correction was an increase in net cash provided by operating activities of $7.8 million, and an increase in cash used for capital expenditures, as included in total cash used in investing activities, of $0.2 million. The corresponding amounts are now presented separately on the Consolidated Statements of Cash Flows as the effect of exchange rate changes on cash and cash equivalents for each of the periods. These revisions do not impact the Consolidated Statements of Operations, the Consolidated Statements of Comprehensive Loss, or the Consolidated Statements of Financial Position.
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 years ended February 2, 2024, February 3, 2023,
Use of Estimates	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 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 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, and purchase price allocation for business combinations. 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 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 consolidated financial statements as of and for the fiscal year ended February 2, 2024. As the 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.
Cash and Cash Equivalents	Cash and Cash Equivalents. As of February 2, 2024 and February 3, 2023, cash and cash equivalents are comprised of cash held in bank accounts and money market funds. The cash and cash equivalents are reported at their current carrying value, which approximates fair value due to the short-term nature of these instruments. The money market funds are valued using quoted market prices and are included as Level 1 inp
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable. Trade accounts receivable are recorded at the invoiced amount, net of allowances for credit losses. Accounts receivable are charged against the allowance for credit losses when deemed uncollectible. Management regularly reviews the adequacy of the allowance for credit losses by considering the age of each outstanding invoice, each customer’s expected ability to pay, and the collection history with each customer, when applicable, to determine whether a specific allowance is appropriate. As of February 2, 2024 and February 3, 2023, the allowance for credit losses was $1.6 million and $2.4 million, respectively. Unbilled accounts receivable included in accounts receivable, totaling $2.9 million and $4.8 million as of February 2, 2024 and February 3, 2023, respectively, relate to work that has been performed, though invoicing has not yet occurred. All of the unbilled receivables are expected to be billed and collected within the upcoming fiscal year. Allowance for Credit Losses.
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 carrying amounts of the Company’s financial instruments, including cash equivalents, accounts receivable, accounts payable, and accrued expenses, approximate their respective fair values due to their short-term nature.
Inventories	Inventories. Inventories consist of finished goods, which include hardware devices such as servers, log retention devices and appliances that are sold in connection with the Company’s solutions offerings. Inventories are stated at lower of cost or net realizable value, with cost being determined on a first-in, first-out (FIFO) basis.
Prepaid Maintenance and Support Agreements	Prepaid Maintenance and Support Agreements. Prepaid maintenance and support agreements represent amounts paid to third-party service providers for maintenance, support, and software license agreements in connection with the Company’s obligations to provide maintenance and support services. The prepaid maintenance and support agreement balance is amortized on a straight-line basis over the contract term and is primarily recognized as a component of cost of revenue. Amounts that are expected to be amortized within one year are recorded in other current assets and the remaining balance is recorded in other non-current assets.
Property and Equipment	Property and Equipment. Property and equipment are carried at depreciated cost. Depreciation is calculated using the straight-line method over the estimated economic lives of the assets, which range from two
Leases	Leases.
Intangible Assets Including Goodwill	Intangible Assets Including Goodwill. Identifiable intangible assets with finite lives are amortized on a straight-line basis over their estimated useful lives. Finite-lived intangible assets are reviewed for impairment on a quarterly basis, or as potential triggering events are identified. Goodwill and indefinite-lived intangible assets are tested for impairment on an annual basis in the third fiscal quarter, or sooner if an indicator of impairment exists. The Company may elect to first assess qualitative factors to determine whether it is more likely than not (greater than 50% likelihood) that the fair value of the Company’s goodwill at the reporting unit, as well as indefinite-lived assets at the individual asset level, are less than their respective carrying amounts. The Company has determined it has one reporting unit. The qualitative assessment includes the Company’s consideration of relevant events and circumstances that would affect the Company’s single reporting unit and indefinite-lived assets, including macroeconomic, industry, and market conditions, the Company’s overall financial performance, and trends in the market price of the Company’s Class A common stock. If indicators of impairment exist after performing the qualitative assessment, the Company will perform a quantitative impairment assessment of goodwill and indefinite-lived assets. The Company may also choose to perform the quantitative assessment periodically even if the qualitative assessment does not require the Company to do so. For the Company’s goodwill and indefinite-lived intangible assets, if the quantitative analysis determines the carrying amount exceeds the fair value at the reporting unit level or individual asset level, an impairment charge is recognized in an amount equal to that excess.
Impairment of long-lived assets	Impairment of long-lived assets. The Company evaluates all long-lived assets, other than goodwill, whenever events or circumstances change that indicate the asset's carrying value may no longer be recoverable. If impairment indicators exist, a test of recoverability is performed by comparing the sum of the estimated undiscounted future cash flows attributable to the asset's carrying value. Impairment analyses are performed at the asset group level. If the asset's carrying value is not recoverable, impairment is measured by determining the asset's fair value and recording any difference as an impairment loss. Long-lived assets subject to this policy include property, plant & equipment, definite-lived intangible assets, and Right-of-use assets. Impairment losses of $2.9 million and $4.0 million were recognized to the Company's right-of-use assets for the fiscal years ended February 2, 2024 and February 3, 2023, respectively. No impairments were recognized in the fiscal year ended January 28, 2022.
Deferred Commissions and Deferred Fulfillment Costs And Revenue Recognition	Deferred Commissions and Deferred Fulfillment Costs. The Company accounts for both costs to obtain a contract for a customer, which are defined as costs that the Company would not have incurred if the contract had not been obtained, and costs to fulfill a contract by capitalizing and systematically amortizing the assets on a basis that is consistent with the transfer to the customer of the goods or services to which the assets relate. These costs generate or enhance resources used in satisfying performance obligations that directly relate to contracts. The Company recognizes the incremental costs of obtaining contracts as an expense when incurred if the amortization period of the incremental costs of obtaining contracts that the Company otherwise would have recognized is one year or less. The Company’s customer acquisition costs are primarily attributable to sales commissions and related fringe benefits earned by the Company’s sales force and such costs are considered incremental costs to obtain a contract. Sales commissions for initial contracts are deferred and amortized taking into consideration the pattern of transfer to which assets relate and may include expected renewal periods where renewal commissions are not commensurate with the initial commission period. The Company recognizes deferred commissions on a straight-line basis over the life of the customer relationship (estimated to be six years) in sales and marketing expenses. These assets are classified as non-current and included in other non-current assets in the Consolidated Statements of Financial Position. As of February 2, 2024 and February 3, 2023, the amount of deferred commissions included in other non-current assets was $41.8 million and $49.6 million, r espectively. Revenue Recognition. Secureworks derives revenue primarily from subscription services and professional services. Subscription revenue is derived from (i) the Taegis security platform and (ii) managed security services. Professional services typically include incident response and security and risk consulting solutions. The following table presents revenue by service type (in thousands): Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Net revenue: Taegis Subscription Solutions $ 265,298 $ 188,085 $ 85,599 Managed Security Services 39,258 175,363 323,348 Total Subscription revenue 304,556 363,448 408,947 Professional Services 61,323 100,027 126,267 Total net revenue $ 365,879 $ 463,475 $ 535,214 The Company’s proprietary Taegis security platform was purpose-built as a subscription-based SaaS platform that combines the power of artificial intelligence and machine-learning with security analytics and threat intelligence to unify detection and response across endpoint, network, cloud, and other business systems for better security outcomes and simpler security operations. Taegis’ core offerings are the security platform, Taegis XDR, and our supplemental MDR service, ManagedXDR. Customers do not have the right to take possession of the security platform. Revenue for our Taegis SaaS solutions is recognized on a straight-line basis over the term of the arrangement, beginning with provision of the tenant by grant of access to the security platform. The ManagedXDR service is identified as a distinct performance obligation that is separable from the XDR SaaS solution. While a customer must purchase and deploy the XDR solution to gain any utility from the ManagedXDR service, a customer can purchase and benefit from using the XDR SaaS solution on its own. In order to conclude that the two promises are not separately identifiable, the interrelationship and interdependence would most likely have to be reciprocal between the two separate offerings. The nature of the ManagedXDR service is to stand ready or deliver an unspecified quantity of services each day during the contract term, based on customer-specific needs. The ManagedXDR service period is contractually tied to the related security solution and, as a stand-ready obligation, will be recognized on a straight-line basis over the term of the arrangement. Subscription-based managed security service arrangements typically included security services, up-front installation fees and maintenance and also may include the provision of an associated hardware appliance. The Company uses its hardware appliances in providing security services required to access the Company’s legacy Counter Threat Platform. The arrangements that require hardware do not typically convey ownership of the appliance to the customer. Moreover, any related installation fees are non-refundable and incapable of being distinct within the context of the arrangement. Therefore, the Company determined that these arrangements constitute a single performance obligation for which the revenue and any related costs are recognized over the term of the arrangement ratably, which reflects the Company’s performance in transferring control of the services to the customer. Amounts that have been invoiced for the subscription-based managed security services and the Taegis subscription solutions where the relevant revenue recognition criteria have not been met will be included in deferred revenue. Professional services consist primarily of fixed-fee and retainer-based contracts. Revenue from these engagements is recognized using an input method over the contract term. The Company reports revenue net of any revenue-based taxes assessed by governmental authorities that are imposed on, and concurrently with, specific revenue-producing transactions. The Company recognizes revenue when all of the following criteria are met: • Identification of the contract, or contracts, with a customer— A contract with a customer exists when (i) the Company enters into an enforceable contract with a customer, (ii) the contract has commercial substance and the parties are committed to perform, and (iii) payment terms can be identified and collection of substantially all consideration to which the Company will be entitled in exchange for goods or services that will be transferred is deemed probable based on the customer’s intent and ability to pay. Contracts entered into for professional services and subscription-based solutions near or at the same time are generally not combined as a single contract for accounting purposes, since neither the pricing nor the services are interrelated. • Identification of the performance obligations in the contract— Performance obligations promised in a contract are identified based on the goods or services that will be transferred to the customer that are both (i) capable of being distinct, whereby the customer can benefit from the goods or service either on its own or together with other resources that are readily available from third parties or from the Company, and (ii) distinct in the context of the contract, whereby the transfer of the goods or services is separately identifiable from other promises in the contract. When promised goods or services are incapable of being distinct, the Company accounts for them as a combined performance obligation. With regard to a typical contract for subscription-based managed security services, the performance obligation represents a series of distinct services that will be accounted for as a single performance obligation. For a typical contract that includes subscription-based SaaS applications, each is generally considered to be distinct and accounted for as separate performance obligations. In a typical professional services contract, Secureworks has a separate performance obligation associated with each service. The Company generally acts as a principal when delivering either the subscription-based solutions or the professional services arrangement and, thus, recognizes revenue on a gross basis. • Determination of the transaction price— The total transaction price is primarily fixed in nature as the consideration is tied to the specific services purchased by the customer, which constitutes a series for delivery of the solutions over the duration of the contract for the Company’s subscription services. For professional services contracts, variable consideration exists in the form of rescheduling penalties and expense reimbursements; no estimation is required at contract inception, since variable consideration is allocated to the applicable period. • Allocation of the transaction price to the performance obligations in the contract— The Company allocates the transaction price to each performance obligation based on the performance obligation’s standalone selling price. Standalone selling price is determined by considering all information available to the Company, such as historical selling prices of the performance obligation, geographic location, overall strategic pricing objective, market conditions and internally approved pricing guidelines related to the performance obligations. • Recognition of revenue when, or as, the Company satisfies performance obligation— The Company recognizes revenue over time on a ratable recognition basis using a time-elapsed output method to measure progress for all subscription-based performance obligations, including managed security services and SaaS applications, over the contract term. For any upgraded installation services which the Company has determined represent a performance obligation separate from its subscription-based arrangements, revenue is recognized over time using hours elapsed over the service term as an appropriate method to measure progress. For the performance obligation pertaining to professional services arrangements, the Company recognizes revenue over time using an input method based on time (hours or days) incurred to measure progress over the contract term. Deferred Revenue (Contract Liabilities). Deferred revenue represents amounts contractually billed to customers or payments received from customers for which revenue has not yet been recognized. Deferred revenue that is expected to be recognized as revenue within one year is recorded as short-term deferred revenue and the remaining portion is recorded as long-term deferred revenue. The Company has determined that its contracts generally do not include a significant financing component. The primary purpose of the Company’s invoicing terms is to provide customers with simplified and predictable ways of purchasing its solutions, not to receive financing from customers or to provide customers with financing. Examples of such terms include invoicing at the beginning of a subscription term with revenue recognized ratably over the contract period. Cost of Revenue. Cost of revenue consists primarily of compensation and related expenses, including salaries, benefits and performance-based compensation for employees who provide security services to customers, including those who deliver services associated with the Taegis platform. Other expenses include depreciation of equipment and costs associated with maintenance agreements for hardware provided to customers as part of their subscription-based solutions. In addition, cost of revenue includes amortization of technology licensing fees and external software development costs capitalized, fees paid to vendors who support and enable subscription offerings, maintenance fees and overhead allocations.
Foreign Currency Translation	Foreign Currency Translation.
Research and Development	Research and Development.
Sales and Marketing	Sales and Marketing. Sales and marketing expense consists of compensation and related expenses that include salaries, benefits, and performance-based compensation (including sales commissions and related expenses for sales and marketing personnel), marketing and advertising programs, such as lead generation, customer advocacy events, other brand-building expenses and allocated overhead. Advertising costs are expensed as incurred and wer e $26.2 million, $42.8 million and $25.2 million for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022, respectively. General, and Administrative. General and administrative expense primarily includes the costs of human resour ces and recruiting, finance and accounting, legal support, management information systems and information security systems, facilities management, and other administrative functions, offset by allocations of information technology and facilities costs to other functions. Reorganization and other related charges. Reorganization and other related charges consist primarily of severance and other termination benefits and real estate-related expenses, as described in “Note 14—Reorganization and Other Related Costs.”
Software Development Costs	Software Development Costs. Qualifying software costs developed for internal use are capitalized when application development begins, it is probable that the project will be completed, and the software will be used as intended. In order to expedite delivery of the Company’s security solutions, the application stage typically commences before the preliminary development stage is completed. Accordingly, no significant internal-use software development costs have been capitalized during any period presented.
Income Taxes	Income Taxes. Current income tax expense is the amount of income taxes expected to be payable for the current year. Deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the Consolidated Statement of Operations in the period that includes the enactment date. The Company calculates a provision for income taxes using the asset and liability method, under which deferred tax assets and liabilities are recognized by identifying the temporary differences arising from the different treatment of items for tax and accounting purposes. The Company accounts for the tax impact of including Global Intangible Low Tax Income, or GILTI, in U.S. taxable income as a period cost. The Company provides valuation allowances for deferred tax assets, where appropriate. In assessing the need for a valuation allowance, the Company considers all available evidence for each jurisdiction, including past operating results, estimates of future taxable income, and the feasibility of ongoing tax planning strategies. In the event the Company determines all or part of the net deferred tax assets are not realizable in the future, it will make an adjustment to the valuation allowance that would be charged to earnings in the period in which such determination is made. The accounting guidance for uncertainties in income tax prescribes a comprehensive model for the financial statement recognition, measurement, presentation, and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. The Company recognizes a tax benefit from an uncertain tax position in the financial statements only when it is more likely than not that the position will be sustained upon examination, including resolution of any related appeals or litigation processes, based on the technical merits and a consideration of the relevant taxing authority’s administrative practices and precedents. During the periods presented in the financial statements, the Company did not file separate federal tax returns, as the Company was 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 the benefits-for-loss approach, net operating losses or other tax attributes are characterized as realized or as realizable by the Company when those attributes are utilized or expected to be utilized by other members of the Dell affiliated group.
Stock-Based Compensation	Stock-Based Compensation. The Company’s compensation programs include grants under the SecureWorks Corp. 2016 Long-Term Incentive Plan and, prior to the IPO date, grants under share-based payment plans of Dell Technologies. Under the plans, the Company, and prior to the IPO, Dell Technologies, have granted stock options, restricted stock awards, and restricted stock units. Compensation expense related to stock-based transactions is measured and recognized in the financial statements based on grant date fair value. Fair value for restricted stock awards and restricted stock units under the Company’s plan is based on the closing price of the Company’s Class A common stock as reported on the Nasdaq Global Select Market on the day of the grant. The fair value of each option award is estimated on the grant date using the Black-Scholes option-pricing model and a single option award approach. This model requires that at the date of grant the Company must determine the fair value of the underlying Class A common stock, the expected term of the award, the expected volatility, risk-free interest rates and expected dividend yield. The Company’s annual grant of restricted stock and restricted stock units issued during the fiscal year ended February 2, 2024 vest over an average service period of three years and approximately 17% of such awards are subject to performance conditions. Stock-based compensation expense with respect to service-based awards is adjusted for forfeitures and recognized using a straight-line basis over the requisite service periods of the awards, which is generally three
Loss Contingencies	Loss Contingencies.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements Segment Reporting – In November 2023, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, No. 2023-07, Segment Reporting, which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. The updated standard is effective for our annual periods beginning in the fiscal year ending January 31, 2025 and interim periods beginning in the first quarter of fiscal 2026. Early adoption is permitted. The Company is currently evaluating the impact that the updated standard will have on its financial statement disclosures. Income Taxes – In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which requires an entity, on an annual basis, to disclose additional income tax information, primarily related to the rate reconciliation and income taxes paid. The amendment in the ASU is intended to enhance the transparency and decision usefulness of income tax disclosures. The ASU is effective for annual periods beginning after December 15, 2024. The Company is currently evaluating the impact of the new standard.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Feb. 02, 2024
Accounting Policies [Abstract]
Disaggregation of Revenue	The following table presents revenue by service type (in thousands): Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Net revenue: Taegis Subscription Solutions $ 265,298 $ 188,085 $ 85,599 Managed Security Services 39,258 175,363 323,348 Total Subscription revenue 304,556 363,448 408,947 Professional Services 61,323 100,027 126,267 Total net revenue $ 365,879 $ 463,475 $ 535,214

NET LOSS PER SHARE (Tables)

NET LOSS PER SHARE (Tables)	12 Months Ended
	Feb. 02, 2024
Earnings Per Share [Abstract]
Schedule of Net Loss Per Common Share, Basic and Diluted	The following table sets forth the computation of net loss per common share (in thousands, except per share amounts): Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Numerator: Net loss $ (86,042) $ (114,499) $ (39,791) Denominator: Weighted-average number of shares outstanding: Basic and Diluted 86,049 84,389 82,916 Net loss per common share: Basic and Diluted $ (1.00) $ (1.36) $ (0.48) Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units 8,048 6,039 5,020

CONTRACT BALANCES AND CONTRAC_2

CONTRACT BALANCES AND CONTRACT COSTS (Tables)	12 Months Ended
	Feb. 02, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Deferred Revenue	Changes to the Company’s deferred revenue during the fiscal years ended February 2, 2024 and February 3, 2023 are as follows (in thousands): As of February 3, 2023 Upfront payments received and billings during the fiscal year ended February 2, 2024 Revenue recognized during the fiscal year ended February 2, 2024 As of February 2, 2024 Deferred revenue $ 156,332 $ 186,931 $ (206,312) $ 136,951 As of January 28, 2022 Upfront payments received and billings during the fiscal year ended February 3, 2023 Revenue recognized during the fiscal year ended February 3, 2023 As of February 3, 2023 Deferred revenue $ 176,068 $ 220,063 $ (239,799) $ 156,332
Schedule of Expected Timing to Recognize Remaining Performance Obligation	As of February 2, 2024, 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 $ 210,659 $ 130,295 $ 61,904 $ 14,822 $ 3,638 Performance obligation - backlog 907 493 276 138 — Total $ 211,566 $ 130,788 $ 62,180 $ 14,960 $ 3,638
Schedule of Deferred Commissions and Fulfillment Costs	Changes in the balance of total deferred commission and total deferred fulfillment costs during the fiscal years ended February 2, 2024 and February 3, 2023 are as follows (in thousands): As of February 3, 2023 Amount capitalized Amount expensed As of February 2, 2024 Deferred commissions $ 49,565 $ 9,383 $ (17,133) $ 41,815 Deferred fulfillment costs 3,232 — (3,232) — As of January 28, 2022 Amount capitalized Amount expensed As of February 3, 2023 Deferred commissions $ 53,978 $ 13,790 $ (18,203) $ 49,565 Deferred fulfillment costs 7,597 408 (4,773) 3,232

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Feb. 02, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Indefinite-Lived Intangible Assets	The Company's intangible assets at February 2, 2024 and February 3, 2023 were as follows: February 2, 2024 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (147,624) $ 41,894 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (139,042) 2,742 141,784 (128,612) 13,172 Developed Technology 17,070 (8,589) 8,481 11,827 (4,897) 6,930 Finite-lived intangible assets 348,372 (295,255) 53,117 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 378,490 $ (295,255) $ 83,235 $ 373,247 $ (267,039) $ 106,208
Schedule of Finite-Lived Intangible Assets	The Company's intangible assets at February 2, 2024 and February 3, 2023 were as follows: February 2, 2024 February 3, 2023 Gross Accumulated Net Gross Accumulated Net (in thousands) Customer relationships $ 189,518 $ (147,624) $ 41,894 $ 189,518 $ (133,530) $ 55,988 Acquired Technology 141,784 (139,042) 2,742 141,784 (128,612) 13,172 Developed Technology 17,070 (8,589) 8,481 11,827 (4,897) 6,930 Finite-lived intangible assets 348,372 (295,255) 53,117 343,129 (267,039) 76,090 Trade name 30,118 — 30,118 30,118 — 30,118 Total intangible assets $ 378,490 $ (295,255) $ 83,235 $ 373,247 $ (267,039) $ 106,208
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Estimated future amortization expense of finite-lived intangible assets as of February 2, 2024 over the next five years and thereafter is as follow (in thousands): Fiscal Years Ending February 2, 2024 2025 $ 19,180 2026 17,914 2027 15,783 2028 240 2029 — Thereafter — Total $ 53,117

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Feb. 02, 2024
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	As of February 2, 2024, the purchase obligations (in thousands) are as follows: Fiscal Years Ending Payments Due For 2025 $ 41,589 2026 41,809 2027 59,751 2028 74 2029 — 2029 and beyond — Total $ 143,223

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Feb. 02, 2024
Leases [Abstract]
Lease, Cost	Fiscal Year Ended February 2, 2024 February 3, 2023 (in thousands) Operating lease cost $ 4,327 $ 4,628 Variable lease costs 402 560 Total lease costs $ 4,729 $ 5,188 Supplemental cash flow information: Cash paid for amounts included in the measurement of operating lease liabilities $ 5,371 $ 5,926 Weighted-average information associated with the measurement of the Company’s remaining operating lease obligations is as follows: February 2, 2024 February 3, 2023 Weighted-average remaining lease term 2.8 years 3.6 years Weighted-average discount rate 5.41 % 5.38 %
Maturities of Operating Lease Liabilities	The following table summarizes the maturity of the Company’s operating lease liabilities as of February 2, 2024 (in thousands): Fiscal Years Ending February 2, 2024 2025 $ 5,095 2026 4,526 2027 4,088 2028 — 2029 — Thereafter — Total operating lease payments $ 13,709 Less imputed interest 884 Total operating lease liabilities $ 12,825

STOCK-BASED COMPENSATION AND _2

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN (Tables)	12 Months Ended
	Feb. 02, 2024
Share-Based Payment Arrangement [Abstract]
Schedule of Share-based Compensation, Stock Options, Activity	The following table summarizes stock option activity and options outstanding and exercisable for the fiscal years ended, and as of, February 2, 2024, February 3, 2023, and January 28, 2022. Number Weighted- Weighted- Weighted-Average Grant date Fair Value Per Share Aggregate Intrinsic Value 1 (in thousands) Balance, January 29, 2021 1,775,565 $ 14.00 Granted — — Exercised (1,417,105) 14.00 Canceled, expired or forfeited (196,535) 14.00 Balance, January 28, 2022 161,925 $ 14.00 Granted — — Exercised — 14.00 Canceled, expired or forfeited — 14.00 Balance, February 3, 2023 161,925 $ 14.00 Granted — — Exercised — 14.00 Canceled, expired or forfeited (15,723) 14.00 Balance, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — Options vested and expected to vest, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — Options exercisable, February 2, 2024 146,202 $ 14.00 2.3 $ 6.15 $ — (1) The aggregate intrinsic values represent the total pre-tax intrinsic values based on the Company’s closing share price of $7.65 as reported on the Nasdaq Global Select Market on February 2, 2024, that would have been received by the option holders had all in-the-money options been exercised as of that date.
Schedule of Nonvested Restricted Stock Units Activity	The following table summarizes activity for restricted stock and restricted stock units for the fiscal years ended, and as of, February 2, 2024, February 3, 2023, and January 28, 2022. Number Weighted- Weighted- Aggregate Intrinsic Value 1 (in thousands) Balance, January 29, 2021 4,513,093 $ 12.68 Granted 3,119,246 19.81 Vested (1,894,276) 12.71 Forfeited (1,039,567) 16.69 Balance, January 28, 2022 4,698,496 $ 16.52 Granted 4,250,300 12.88 Vested (2,060,611) 15.93 Forfeited (1,600,683) 14.91 Balance, February 3, 2023 5,287,502 $ 14.27 Granted 8,298,794 6.88 Vested (2,455,762) 14.26 Forfeited (2,235,036) 9.06 Balance, February 2, 2024 8,895,498 $ 8.68 1.0 $ 68,051 Restricted stock and restricted stock units expected to vest, February 2, 2024 7,808,058 $ 8.81 1.0 $ 59,732 (1) The aggregate intrinsic values represent the total pre-tax intrinsic values based on the Company ’ s closing share price of $7.65 as reported on the Nasdaq Global Select Market on February 2, 2024, that would have been received by the restricted stock and restricted stock unit holders had all restricted stock and restricted stock units been issued as of that date.
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs	The following table summarizes the classification of stock-based compensation expense related to stock options, restricted stock and restricted stock units for the fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022. Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Cost of revenue: Subscription $ 1,051 $ 642 $ 218 Professional services 1,527 1,358 905 Total cost of revenue $ 2,578 $ 2,000 $ 1,123 Research and development 12,625 11,589 7,220 Sales and marketing 4,166 6,568 4,065 General and administrative 15,735 16,698 18,038 Total stock-based compensation expense $ 35,104 $ 36,855 $ 30,446

INCOME AND OTHER TAXES (Tables)

INCOME AND OTHER TAXES (Tables)	12 Months Ended
	Feb. 02, 2024
Income Tax Disclosure [Abstract]
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 fiscal years ended February 2, 2024, February 3, 2023, and January 28, 2022 were as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Loss before income taxes $ (114,520) $ (146,781) $ (55,906) Income tax benefit $ (28,478) $ (32,282) $ (16,115) Effective tax rate 24.9 % 22.0 % 28.8 % A reconciliation of the Company’s benefit from income taxes to the statutory U.S. federal tax rate is as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 U.S. federal statutory rate 21.0 % 21.0 % 21.0 % Impact of foreign operations (0.9) (0.7) (1.8) State income taxes, net of federal tax benefit 4.2 2.5 4.3 Research and development credits 4.3 2.4 8.8 Nondeductible/nontaxable items 0.9 (0.7) 0.3 Stock-based compensation (4.5) (2.5) (3.8) Total 24.9 % 22.0 % 28.8 %
Components of Income Tax Benefits	The benefit for income taxes consists of the following: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Current: Federal $ (5,808) $ (1,904) $ (10,076) State/Local (1,260) 688 (2,603) Foreign 1,718 1,685 2,364 Current $ (5,350) $ 469 $ (10,315) Deferred: Federal (19,679) (28,241) (4,869) State/Local (3,767) (4,257) (328) Foreign 318 (253) (603) Deferred $ (23,128) $ (32,751) $ (5,800) Income tax benefit $ (28,478) $ (32,282) $ (16,115)
Loss Before Provision For Income Taxes	Loss before provision for income taxes consists of the following: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Domestic $ (119,265) $ (154,426) $ (59,541) Foreign 4,745 7,645 3,635 Loss before income taxes $ (114,520) $ (146,781) $ (55,906)
Components of Deferred Tax Assets	The components of the Company’s net deferred tax balances are as follows: February 2, 2024 February 3, 2023 (in thousands) Deferred tax assets: Deferred revenue $ 2,897 $ 3,158 Provision for credit losses 263 523 Credit carryforwards 844 534 Loss carryforwards 6,201 5,717 Stock-based and deferred compensation 4,682 5,896 Lease right-of-use asset 2,644 3,525 Capitalized research and development 44,698 27,482 Other 4,966 3,881 Deferred tax assets $ 67,195 $ 50,716 Valuation allowance (8,778) (5,824) Deferred tax assets, net of valuation allowance $ 58,417 $ 44,892 Deferred tax liabilities: Property and equipment (140) (325) Purchased intangible assets (20,643) (25,848) Operating and compensation related accruals (8,509) (10,821) Lease liability (626) (1,613) Other (2,796) (2,347) Deferred tax liabilities $ (32,714) $ (40,954) Net deferred tax asset (liabilities) $ 25,703 $ 3,938
Schedule of Unrecognized Tax Benefits	A reconciliation of the Company’s beginning and ending amount of unrecognized tax benefits is as follows: Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 (in thousands) Beginning unrecognized tax benefits $ 6,619 $ 6,509 $ 6,148 Increases related to tax positions of the current year 146 106 107 Increases related to tax position of prior years 95 4 256 Reductions for tax positions of prior years — — (2) Ending unrecognized tax benefits $ 6,860 $ 6,619 $ 6,509

SELECTED FINANCIAL INFORMATION

SELECTED FINANCIAL INFORMATION (Tables)	12 Months Ended
	Feb. 02, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Accounts Receivable, Long-Lived Assets, Other Assets and Other Liabilities	The following table provides additional information on amounts included in the Company's Consolidated Statement of Financial Position as of February 2, 2024 and February 3, 2023. February 2, 2024 February 3, 2023 (in thousands) Accounts receivable, net: Gross accounts receivable $ 55,818 $ 75,029 Allowance for credit losses (1,552) (2,402) Total $ 54,266 $ 72,627 Other current assets: Income tax receivable $ 5,092 $ 4,733 Prepaid maintenance and support agreements 5,014 7,276 Prepaid other 4,385 5,517 Total $ 14,491 $ 17,526 Property and equipment, net Computer equipment $ 30,783 $ 30,108 Leasehold improvements 10,280 22,390 Other equipment 1,526 2,144 Total property and equipment 42,589 54,642 Accumulated depreciation and amortization (40,440) (50,010) Total $ 2,149 $ 4,632 Other non-current assets Prepaid maintenance agreements $ 748 $ 799 Deferred tax asset 25,716 3,951 Deferred commission and fulfillment costs 41,815 52,797 Other 2,436 3,418 Total $ 70,715 $ 60,965 Accrued and other current liabilities Compensation $ 34,888 $ 50,397 Related party payable, net 4,868 1,141 Other 22,139 30,028 Total $ 61,895 $ 81,566
Net Revenue And Property, Plant, And Equipment	The following tables present net revenue and property, plant and equipment allocated between the United States and international locations. The Company defines international revenue as revenue contracted through non-U.S. entities. Fiscal Year Ended February 2, 2024 February 3, 2023 January 28, 2022 Net revenue United States $ 229,454 $ 306,799 $ 359,707 Japan 36,347 31,944 32,795 International 100,078 124,732 142,712 Total $ 365,879 $ 463,475 $ 535,214 February 2, 2024 February 3, 2023 Property and equipment, net United States $ 1,649 $ 3,945 International 500 687 Total $ 2,149 $ 4,632

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Feb. 02, 2024
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 Consolidated Statement of Financial Position as of February 2, 2024 and February 3, 2023: February 2, 2024 February 3, 2023 (in thousands) Related party payable (in accrued and other current liabilities) $ 4,868 $ 1,141 Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net) $ 5,748 $ 5,584 Net operating loss tax sharing receivable under agreement with Dell (in other current assets) $ 4,976 $ 3,472

REORGANIZATION AND OTHER RELA_2

REORGANIZATION AND OTHER RELATED COSTS (Tables)	12 Months Ended
	Feb. 02, 2024
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 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 Reorganization charge 13,873 3,272 — 17,145 Charges settled in cash (15,802) — (1,394) (17,196) Charges settled in non-cash — (3,272) — (3,272) Balance as of February 2, 2024 $ 5,621 $ — $ — $ 5,621

DESCRIPTION OF THE BUSINESS A_2

DESCRIPTION OF THE BUSINESS AND BASIS OF PRESENTATION (Details)	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	May 05, 2023 USD ($)	Aug. 04, 2023 USD ($)	Nov. 03, 2023 USD ($)	Feb. 02, 2024 USD ($) segment	Feb. 03, 2023 USD ($)	Jan. 28, 2022 USD ($)
Class of Stock [Line Items]
Number of reportable segments | segment				1
Increase (decrease) in net cash used in operating activities				$ (59,159,000)	$ (58,745,000)	$ 24,532,000
Capital expenditures				(1,180,000)	(2,307,000)	(2,095,000)
Cash and cash equivalents				68,655,000	143,517,000
Restatement Adjustment
Class of Stock [Line Items]
Increase (decrease) in net cash used in operating activities	$ (1,600,000)	$ (2,600,000)	$ (4,600,000)		(3,900,000)	7,800,000
Capital expenditures					(400,000)	$ (200,000)
Revolving Credit Facility | Line of Credit
Class of Stock [Line Items]
Line of credit, outstanding balance				0	$ 0
Maximum borrowing capacity				$ 50,000,000
IPO | Denali
Class of Stock [Line Items]
Outstanding shares owned (in percent)				81%
Voting interests owned (in percent)				97.70%

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES - Narrative (Details) $ in Thousands	12 Months Ended
	Feb. 02, 2024 USD ($) reportingUnit segment	Feb. 03, 2023 USD ($)	Jan. 28, 2022 USD ($)
Property and equipment, net
Investment in money market funds	$ 1,700	$ 16,500
Allowance for doubtful accounts	1,600	2,400
Unbilled accounts receivable	2,900	4,800
Depreciation	$ 4,100	5,900	$ 10,300
Number of reporting units | reportingUnit	1
Operating lease, impairment charge	$ 2,900	4,000	0
Foreign currency transaction gains (losses)	$ (2,600)	800	(3,400)
Number of reportable segments | segment	1
Number of operating segments | segment	1
Advertising expenses	$ 26,200	$ 42,800	$ 25,200
Software development costs capitalized	$ 5,200
Restricted Stock and Restricted Stock Units
Property and equipment, net
Vesting period	3 years	3 years	3 years
Awards subject to performance conditions	17%	16%	26%
Weighted-average remaining requisite period	1 year 9 months 18 days
Deferred commissions
Property and equipment, net
Amortization period (in years)	6 years
Contract contract costs	$ 41,815	$ 49,565	$ 53,978
Deferred fulfillment costs
Property and equipment, net
Amortization period (in years)	4 years
Contract contract costs	$ 0	$ 3,232	$ 7,597
Minimum
Property and equipment, net
Useful life	2 years
Weighted-average remaining requisite period	3 years
Maximum
Property and equipment, net
Useful life	5 years
Weighted-average remaining requisite period	4 years
Leasehold Improvements | Maximum
Property and equipment, net
Useful life	5 years

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES - Disaggregation of Revenue by Product Line (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Disaggregation of Revenue [Line Items]
Total net revenue	$ 365,879	$ 463,475	$ 535,214
Total Subscription revenue
Disaggregation of Revenue [Line Items]
Total net revenue	304,556	363,448	408,947
Taegis Subscription Solutions
Disaggregation of Revenue [Line Items]
Total net revenue	265,298	188,085	85,599
Managed Security Services
Disaggregation of Revenue [Line Items]
Total net revenue	39,258	175,363	323,348
Professional Services
Disaggregation of Revenue [Line Items]
Total net revenue	$ 61,323	$ 100,027	$ 126,267

NET LOSS PER SHARE (Details)

NET LOSS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Numerator:
Net loss	$ (86,042)	$ (114,499)	$ (39,791)
Denominator:
Weighted-average common shares outstanding (basic) (in shares)	86,049	84,389	82,916
Weighted-average common shares outstanding (diluted) (in shares)	86,049	84,389	82,916
Net loss per common share:
Loss per common share (basic in usd per share)	$ (1)	$ (1.36)	$ (0.48)
Loss per common share (diluted in usd per share)	$ (1)	$ (1.36)	$ (0.48)
Weighted-average anti-dilutive stock options, non-vested restricted stock and restricted stock units (in shares)	8,048	6,039	5,020

CONTRACT BALANCES AND CONTRAC_3

CONTRACT BALANCES AND CONTRACT COSTS - Narrative (Details)	12 Months Ended
	Feb. 02, 2024 performanceObligationElement
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	2
Deferred commissions
Disaggregation of Revenue [Line Items]
Amortization period (in years)	6 years
Deferred fulfillment costs
Disaggregation of Revenue [Line Items]
Amortization period (in years)	4 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03 | Subscription-Based Solutions
Disaggregation of Revenue [Line Items]
Performance obligation period	2 years
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03 | Professional Services
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-02
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01
Disaggregation of Revenue [Line Items]
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-31
Disaggregation of Revenue [Line Items]
Performance obligation period

CONTRACT BALANCES AND CONTRAC_4

CONTRACT BALANCES AND CONTRACT COSTS - Deferred Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023
Change in Contract with Customer, Liability [Roll Forward]
Deferred revenue, Beginning of period	$ 156,332	$ 176,068
Deferred revenue, Upfront payments received and billings	186,931	220,063
Deferred revenue, Revenue recognized	(206,312)	(239,799)
Deferred revenue, End of period	$ 136,951	$ 156,332

CONTRACT BALANCES AND CONTRAC_5

CONTRACT BALANCES AND CONTRACT COSTS - Remaining Performance Obligation and Timing (Details) $ in Thousands	Feb. 02, 2024 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 211,566
Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	210,659
Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	907
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 130,788
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 130,295
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-02-03 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 493
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-02
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 62,180
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-02 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 61,904
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-02-02 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 276
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 14,960
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 14,822
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-02-01 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 138
Performance obligation period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-31
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3,638
Performance obligation period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-31 | Performance obligation - active
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 3,638
Performance obligation period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-31 | Performance obligation - backlog
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 0
Performance obligation period

CONTRACT BALANCES AND CONTRAC_6

CONTRACT BALANCES AND CONTRACT COSTS - Deferred Commissions and Fulfillment Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023
Deferred commissions
Capitalized Contract Cost [Roll Forward]
Beginning balance	$ 49,565	$ 53,978
Amount capitalized	9,383	13,790
Amount expensed	(17,133)	(18,203)
Ending balance	41,815	49,565
Deferred fulfillment costs
Capitalized Contract Cost [Roll Forward]
Beginning balance	3,232	7,597
Amount capitalized	0	408
Amount expensed	(3,232)	(4,773)
Ending balance	$ 0	$ 3,232

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details)	12 Months Ended
	Feb. 02, 2024 USD ($) reportingUnit	Feb. 03, 2023 USD ($)	Jan. 28, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 425,472,000	$ 425,519,000
Number of reporting units | reportingUnit	1
Amortization expense	$ 28,200,000	31,200,000	$ 30,200,000
Impairment charges	$ 0	$ 0	$ 0

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Finite-Lived Intangible Assets [Line Items]
Gross	$ 348,372	$ 343,129
Accumulated Amortization	(295,255)	(267,039)
Total	53,117	76,090
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Gross	378,490	373,247
Accumulated Amortization	(295,255)	(267,039)
Net	83,235	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	(147,624)	(133,530)
Total	41,894	55,988
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(147,624)	(133,530)
Acquired Technology
Finite-Lived Intangible Assets [Line Items]
Gross	141,784	141,784
Accumulated Amortization	(139,042)	(128,612)
Total	2,742	13,172
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	(139,042)	(128,612)
Developed Technology
Finite-Lived Intangible Assets [Line Items]
Gross	17,070	11,827
Accumulated Amortization	(8,589)	(4,897)
Total	8,481	6,930
Intangible Assets, Net (Excluding Goodwill) [Abstract]
Accumulated Amortization	$ (8,589)	$ (4,897)

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - Estimated Future Amortization Expense (Details) - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
2025	$ 19,180
2026	17,914
2027	15,783
2028	240
2029	0
Thereafter	0
Total	$ 53,117	$ 76,090

DEBT (Details)

DEBT (Details) - Line of Credit - Revolving Credit Facility - USD ($)	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 50,000,000
Additional borrowing capacity	$ 30,000,000
Commitment fee percentage	0.35%
Line of credit, outstanding balance	$ 0	$ 0
Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate
Debt Instrument [Line Items]
Basis spread on variable rate	2%

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - Narrative (Details) $ in Millions	12 Months Ended
	Feb. 02, 2024 USD ($)
Other Commitments [Line Items]
Long-term purchase commitment period	4 years
State and Local Jurisdiction
Other Commitments [Line Items]
Income tax examination, tax liability paid during period	$ 7.4
Income tax examination, tax liability accrued	$ 1.6
Minimum
Other Commitments [Line Items]
Income tax examination, period	3 years
Maximum
Other Commitments [Line Items]
Income tax examination, period	4 years

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - Future Minimum Lease Payments (Details) $ in Thousands	Feb. 02, 2024 USD ($)
Purchase Obligations
2025	$ 41,589
2026	41,809
2027	59,751
2028	74
2029	0
2029 and beyond	0
Total	$ 143,223

LEASES - Components of Lease Ex

LEASES - Components of Lease Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023
Leases [Abstract]
Operating lease cost	$ 4,327	$ 4,628
Variable lease costs	402	560
Total lease costs	4,729	5,188
Supplemental cash flow information:
Cash paid for amounts included in the measurement of operating lease liabilities	$ 5,371	$ 5,926

LEASES - Weighted Average (Deta

LEASES - Weighted Average (Details)	Feb. 02, 2024	Feb. 03, 2023
Leases [Abstract]
Weighted-average remaining lease term	2 years 9 months 18 days	3 years 7 months 6 days
Weighted-average discount rate	5.41%	5.38%

LEASES - Maturities of Operatin

LEASES - Maturities of Operating Lease Liabilities (Details) $ in Thousands	Feb. 02, 2024 USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
2025	$ 5,095
2026	4,526
2027	4,088
2028	0
2029	0
Thereafter	0
Total operating lease payments	13,709
Less imputed interest	884
Total operating lease liabilities	$ 12,825

LEASES - Narrative (Details)

LEASES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Lessee, Lease, Description [Line Items]
Operating lease, impairment charge	$ 2.9	$ 4	$ 0
Operating lease, expense	$ 0.4	$ 0.5
Minimum
Lessee, Lease, Description [Line Items]
Remaining lease term	6 months
Maximum
Lessee, Lease, Description [Line Items]
Remaining lease term	2 years 10 months 24 days

STOCKHOLDERS' EQUITY - Narrativ

STOCKHOLDERS' EQUITY - Narrative (Details) - Common Class A - USD ($) $ in Millions	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Mar. 26, 2019	Sep. 26, 2018
Class of Stock [Line Items]
Stock repurchase program, authorized amount			$ 15	$ 15
Shares repurchased (in shares)	0	0

STOCK-BASED COMPENSATION AND _3

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN - Narrative (Details)		12 Months Ended			47 Months Ended
	Apr. 18, 2016 shares	Feb. 02, 2024 USD ($) $ / shares shares	Feb. 03, 2023 USD ($) $ / shares shares	Jan. 28, 2022 USD ($) $ / shares shares	Jan. 29, 2021 shares	Apr. 27, 2016 shares	Dec. 31, 2013 officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, weighted-average contractual life (years)		2 years 3 months 18 days
Granted (in shares) | shares		0	0	0
Total stock-based compensation expense		$ 35,104,000	$ 36,855,000	$ 30,446,000
Options, vested in period, fair value		$ 0	$ 0	$ 1,100,000
Number of executive officers | officer							2
Options outstanding (in shares) | shares		146,202	161,925	161,925	1,775,565
Exercise of stock options (in shares) | shares		0	0	1,417,105
Proceeds from stock option exercises		$ 0	$ 0	$ 4,134,000
Tax benefit related to stock-based compensation expense		5,100,000	6,200,000	4,200,000
Contribution plan expense		$ 8,000,000	$ 9,800,000	$ 10,100,000
Employer matching contribution, percent of match		100%
Employer matching contribution, percent of employees' gross pay		6%
Annual limit of employer matching contribution		$ 7,500
Employee or Director
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares		0	0	0
2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, weighted-average contractual life (years)	10 years
2016 Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of additional shares authorized (in shares) | shares		7,500,000
Number of shares available for future grant (in shares) | shares		3,887,644
Percentage of fair market value of Class A common stock	100%
2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) | shares				0
Exercise of stock options (in shares) | shares				10,000
Options exercised, intrinsic value				$ 1,000,000
Proceeds from stock option exercises				100,000
Tax benefit realized from stock options exercised				200,000
Stock Compensation Plan | 2016 Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares reserved for future issuance (in shares) | shares	25,000,000
Employee Stock Option
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total stock-based compensation expense		$ 0	$ 0	$ 200,000
Compensation cost not yet recognized		0
Employee Stock Option | 2016 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding, weighted-average contractual life (years)	5 years
Employee Stock Option | 2016 Plan | Common Class A
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of fair market value of Class A common stock	110%
Stockholder, percent ownership	10%
Employee Stock Option, Time Based | 2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) | shares						32,000
Employee Stock Option, Performance Based | 2013 Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options outstanding (in shares) | shares						400,001
Restricted Stock and Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized		$ 37,300,000
Granted (usd per share) | $ / shares		$ 6.88	$ 12.88	$ 19.81
Stock options vesting period		3 years	3 years	3 years
Awards subject to performance conditions		17%	16%	26%
Number of shares outstanding (in shares) | shares		8,895,498	5,287,502	4,698,496	4,513,093
Number of shares forfeited (in shares) | shares		2,235,036	1,600,683	1,039,567
Weighted-average remaining requisite period		1 year 9 months 18 days
Equity instruments other than options, outstanding, aggregate intrinsic value		$ 68,051,000
Equity instruments other than options, vested in period, fair value		35,000,000	$ 32,800,000	$ 24,100,000
Intrinsic value of shares that vested during period		$ 19,000,000	$ 24,900,000	29,200,000
Performance based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding (in shares) | shares		1,200,000
Number of shares forfeited (in shares) | shares		279,839
Service based awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding (in shares) | shares		7,700,000
Performance Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period					3 years
Incentive Cash Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options vesting period		3 years	3 years
Long-term performance cash awards granted in period (in shares)		$ 100,000	$ 100,000	9,100,000
Compensation expense		$ 2,000,000	$ 4,600,000	$ 6,400,000
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares outstanding (in shares) | shares		8,900,000
Equity instruments other than options, outstanding, aggregate intrinsic value		$ 68,100,000

STOCK-BASED COMPENSATION AND _4

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN - Stock Option Activity (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Number of Options
Beginning balance (in shares)	161,925	161,925	1,775,565
Granted (in shares)	0	0	0
Exercised (in shares)	0	0	(1,417,105)
Canceled, expired or forfeited (in shares)	(15,723)	0	(196,535)
Ending balance (in shares)	146,202	161,925	161,925
Options vested and expected to vest (in shares)	146,202
Number of options exercisable (in shares)	146,202
Weighted- Average Exercise Price Per Share
Beginning balance (usd per share)	$ 14	$ 14	$ 14
Granted (usd per share)	0	0	0
Exercised (usd per share)	14	14	14
Canceled, expired or forfeited (usd per share)	14	14	14
Ending balance (usd per share)	14	$ 14	$ 14
Weighted-average exercise price, options expected to vest (usd per share)	14
Options exercisable, weighted-average exercise price (usd per share)	$ 14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, weighted-average contractual life (years)	2 years 3 months 18 days
Options expected to vest, weighted-average contractual life (years)	2 years 3 months 18 days
Options exercisable, weighted-average contractual life (years)	2 years 3 months 18 days
Options outstanding, weighted average grant date fair value (usd per share)	$ 6.15
Options expected to vest, weighted average grant date fair value (usd per share)	6.15
Options exercisable, weighted average grant date fair value (usd per share)	$ 6.15
Options outstanding, aggregate intrinsic value	$ 0
Options expected to vest, aggregate intrinsic value	0
Options exercisable, aggregate intrinsic value	$ 0
Price per share (usd per share)	$ 7.65

STOCK-BASED COMPENSATION AND _5

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN - Restricted Stock Awards (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Price per share (usd per share)	$ 7.65
Restricted Stock and Restricted Stock Units
Number of Shares
Beginning balance (in shares)	5,287,502	4,698,496	4,513,093
Granted (in shares)	8,298,794	4,250,300	3,119,246
Vested (in shares)	(2,455,762)	(2,060,611)	(1,894,276)
Forfeited (in shares)	(2,235,036)	(1,600,683)	(1,039,567)
Ending balance (in shares)	8,895,498	5,287,502	4,698,496
Number of shares expected to vest (in shares)	7,808,058
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (usd per share)	$ 14.27	$ 16.52	$ 12.68
Granted (usd per share)	6.88	12.88	19.81
Vested (usd per share)	14.26	15.93	12.71
Forfeited (usd per share)	9.06	14.91	16.69
Ending balance (usd per share)	8.68	$ 14.27	$ 16.52
Number of shares expected to vest (usd per shares)	$ 8.81
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Additional Disclosures [Abstract]
Equity instruments other than options, outstanding, weighted-average contractual life (years)	1 year
Equity instruments other than options, expected to vest, weighted-average contractual life (years)	1 year
Equity instruments other than options, outstanding, aggregate intrinsic value	$ 68,051
Equity instruments other than options, expected to vest, aggregate intrinsic value	$ 59,732

STOCK-BASED COMPENSATION AND _6

STOCK-BASED COMPENSATION AND EMPLOYEE BENEFIT PLAN - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 35,104	$ 36,855	$ 30,446
Total cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	2,578	2,000	1,123
Research and development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	12,625	11,589	7,220
Sales and marketing
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	4,166	6,568	4,065
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	15,735	16,698	18,038
Subscription | Total cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	1,051	642	218
Professional Services | Total cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total stock-based compensation expense	$ 1,527	$ 1,358	$ 905

INCOME AND OTHER TAXES - Effect

INCOME AND OTHER TAXES - Effective Tax Rate (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Income Tax Disclosure [Abstract]
Loss before income taxes	$ (114,520)	$ (146,781)	$ (55,906)
Income tax benefit	$ (28,478)	$ (32,282)	$ (16,115)
Effective tax rate	24.90%	22%	28.80%

INCOME AND OTHER TAXES - Effe_2

INCOME AND OTHER TAXES - Effective Income Tax Rate Reconciliation (Details)	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Income Tax Disclosure [Abstract]
U.S. federal statutory rate	21%	21%	21%
Impact of foreign operations	(0.90%)	(0.70%)	(1.80%)
State income taxes, net of federal tax benefit	4.20%	2.50%	4.30%
Research and development credits	4.30%	2.40%	8.80%
Nondeductible/nontaxable items	0.90%	(0.70%)	0.30%
Stock-based compensation	(4.50%)	(2.50%)	(3.80%)
Total	24.90%	22%	28.80%

INCOME AND OTHER TAXES - Benefi

INCOME AND OTHER TAXES - Benefit for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Current:
Federal	$ (5,808)	$ (1,904)	$ (10,076)
State/Local	(1,260)	688	(2,603)
Foreign	1,718	1,685	2,364
Current	(5,350)	469	(10,315)
Deferred:
Federal	(19,679)	(28,241)	(4,869)
State/Local	(3,767)	(4,257)	(328)
Foreign	318	(253)	(603)
Deferred	(23,128)	(32,751)	(5,800)
Income tax benefit	$ (28,478)	$ (32,282)	$ (16,115)

INCOME AND OTHER TAXES - Loss B

INCOME AND OTHER TAXES - Loss Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Income Tax Disclosure [Abstract]
Domestic	$ (119,265)	$ (154,426)	$ (59,541)
Foreign	4,745	7,645	3,635
Loss before income taxes	$ (114,520)	$ (146,781)	$ (55,906)

INCOME AND OTHER TAXES - Deferr

INCOME AND OTHER TAXES - Deferred Taxes (Details) - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Deferred tax assets:
Deferred revenue	$ 2,897	$ 3,158
Provision for credit losses	263	523
Credit carryforwards	844	534
Loss carryforwards	6,201	5,717
Stock-based and deferred compensation	4,682	5,896
Lease right-of-use asset	2,644	3,525
Capitalized research and development	44,698	27,482
Other	4,966	3,881
Deferred tax assets	67,195	50,716
Valuation allowance	(8,778)	(5,824)
Deferred tax assets, net of valuation allowance	58,417	44,892
Deferred tax liabilities:
Property and equipment	(140)	(325)
Purchased intangible assets	(20,643)	(25,848)
Operating and compensation related accruals	(8,509)	(10,821)
Lease liability	(626)	(1,613)
Other	(2,796)	(2,347)
Deferred tax liabilities	(32,714)	(40,954)
Deferred tax assets, net	$ 25,703	$ 3,938

INCOME AND OTHER TAXES - Narrat

INCOME AND OTHER TAXES - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Operating Loss Carryforwards [Line Items]
Loss carryforwards	$ 8,800	$ 5,800
Change in the valuation allowance	3,000	300
Deferred tax assets	25,703	3,938
Loss before income taxes	114,520	146,781	$ 55,906
Income tax benefit	28,478	32,282	16,115
Net loss	86,042	114,499	39,791
Withholding taxes due to unremitted foreign earnings	400	100
Unrecognized tax benefits that would impact effective tax rate	4,900	4,500	4,200
Unrecognized tax benefits, income tax penalties and interest accrued	600	400	300
Tax benefits, other indirect jurisdictional effects	2,600	2,600	2,600
Unrecognized tax benefits, income tax penalties and interest	200	$ 100	$ 100
Domestic Tax Authority
Operating Loss Carryforwards [Line Items]
Deferred tax assets	23,400
Pro Forma
Operating Loss Carryforwards [Line Items]
Loss before income taxes	114,500
Income tax benefit	(2,100)
Net loss	$ 116,600

INCOME AND OTHER TAXES - Unreco

INCOME AND OTHER TAXES - Unrecognized Tax Benefit (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning unrecognized tax benefits	$ 6,619	$ 6,509	$ 6,148
Increases related to tax positions of the current year	146	106	107
Increases related to tax position of prior years	95	4	256
Reductions for tax positions of prior years	0	0	(2)
Ending unrecognized tax benefits	$ 6,860	$ 6,619	$ 6,509

SELECTED FINANCIAL INFORMATIO_2

SELECTED FINANCIAL INFORMATION - Schedule of Selected Financial Information (Details) - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Accounts receivable, net:
Gross accounts receivable	$ 55,818	$ 75,029
Allowance for credit losses	(1,552)	(2,402)
Total	54,266	72,627
Other current assets:
Income tax receivable	5,092	4,733
Prepaid maintenance and support agreements	5,014	7,276
Prepaid other	4,385	5,517
Total	14,491	17,526
Property and equipment, net
Property and equipment, net	42,589	54,642
Accumulated depreciation and amortization	(40,440)	(50,010)
Total	2,149	4,632
Other non-current assets
Prepaid maintenance agreements	748	799
Deferred tax asset	25,716	3,951
Deferred commission and fulfillment costs	41,815	52,797
Other	2,436	3,418
Total	70,715	60,965
Accrued and other current liabilities
Compensation	34,888	50,397
Other	22,139	30,028
Nonrelated Party
Accrued and other current liabilities
Total	61,895	81,566
Related Party Payable | Related Party
Accrued and other current liabilities
Total	4,868	1,141
Computer equipment
Property and equipment, net
Property and equipment, net	30,783	30,108
Leasehold improvements
Property and equipment, net
Property and equipment, net	10,280	22,390
Other equipment
Property and equipment, net
Property and equipment, net	$ 1,526	$ 2,144

SELECTED FINANCIAL INFORMATIO_3

SELECTED FINANCIAL INFORMATION - Schedule of Net Revenue and Property, Plant and Equipment Allocation (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	$ 365,879	$ 463,475	$ 535,214
Property and equipment, net	2,149	4,632
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	229,454	306,799	359,707
Property and equipment, net	1,649	3,945
Japan
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	36,347	31,944	32,795
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Total net revenue	100,078	124,732	$ 142,712
Property and equipment, net	$ 500	$ 687

RELATED PARTY TRANSACTIONS - Na

RELATED PARTY TRANSACTIONS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Related Party Transaction [Line Items]
Charged under shared services agreement	$ 83,233	$ 101,554	$ 102,834
Purchases of computer equipment	1,180	2,307	2,095
Total net revenue	365,879	463,475	535,214
Dell Inc. | Principal Owner
Related Party Transaction [Line Items]
Charged under shared services agreement	2,900	3,800	3,800
Dell Inc. | Principal Owner | Solutions Purchases
Related Party Transaction [Line Items]
Total net revenue	900	4,600	11,700
Dell Inc. | Principal Owner | Contracts Not Yet Transferred
Related Party Transaction [Line Items]
Total net revenue	56,600	65,000	61,700
Performance bonds, outstanding	2,900
Dell Inc. | Chief Executive Officer
Related Party Transaction [Line Items]
Total net revenue	200	300	200
Dell And EMC | Principal Owner
Related Party Transaction [Line Items]
Purchases of computer equipment	500	900	700
EMC and VMware | Subsidiary of Common Parent
Related Party Transaction [Line Items]
Purchase of annual maintenance services	900	1,100	1,600
VMware | Subsidiary of Common Parent
Related Party Transaction [Line Items]
Total net revenue	500	600	500
Carbon Black Inc. | Subsidiary of Common Parent | Solutions Purchases
Related Party Transaction [Line Items]
Purchase of solutions	$ 2,000	$ 2,900	$ 6,200

RELATED PARTY TRANSACTIONS - Ba

RELATED PARTY TRANSACTIONS - Balances in Condensed Consolidated Statements of Financial Position (Details) - USD ($) $ in Thousands	Feb. 02, 2024	Feb. 03, 2023
Related Party Transaction [Line Items]
Net operating loss tax sharing receivable under agreement with Dell (in other current assets)	$ 14,491	$ 17,526
Principal Owner | Dell Inc.
Related Party Transaction [Line Items]
Accounts receivable from customers under reseller agreements with Dell (in accounts receivable, net)	5,748	5,584
Related Party Payable | Related Party
Related Party Transaction [Line Items]
Related party payable (in accrued and other current liabilities)	4,868	1,141
Net Operating Loss Receivable | Principal Owner | Dell Inc.
Related Party Transaction [Line Items]
Net operating loss tax sharing receivable under agreement with Dell (in other current assets)	$ 4,976	$ 3,472

REORGANIZATION AND OTHER RELA_3

REORGANIZATION AND OTHER RELATED COSTS - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Restructuring and Related Activities [Abstract]
Incurred expenses	$ 17,145	$ 15,471	$ 0

REORGANIZATION AND OTHER RELA_4

REORGANIZATION AND OTHER RELATED COSTS - Reorganization And Other Related Charges Liability (Details) - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023
Restructuring Reserve [Roll Forward]
Beginning balance	$ 8,944	$ 0
Reorganization charge		15,471
Charges settled in cash	(17,196)	(415)
Charges settled in non-cash	(3,272)	(6,112)
Ending balance	5,621	8,944
Workforce
Restructuring Reserve [Roll Forward]
Beginning balance	7,550	0
Reorganization charge	13,873	7,550
Charges settled in cash	(15,802)	0
Charges settled in non-cash	0	0
Ending balance	5,621	7,550
Real estate-related
Restructuring Reserve [Roll Forward]
Beginning balance	0	0
Reorganization charge	3,272	4,570
Charges settled in cash	0	(90)
Charges settled in non-cash	(3,272)	(4,480)
Ending balance	0	0
Other
Restructuring Reserve [Roll Forward]
Beginning balance	1,394	0
Reorganization charge	0	3,351
Charges settled in cash	(1,394)	(325)
Charges settled in non-cash	0	(1,632)
Ending balance	$ 0	$ 1,394

REVISION TO PREVIOUSLY ISSUED_2

REVISION TO PREVIOUSLY ISSUED 2024 INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended	9 Months Ended	12 Months Ended
	May 05, 2023	Aug. 04, 2023	Nov. 03, 2023	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in net cash used in operating activities				$ (59,159)	$ (58,745)	$ 24,532
Restatement Adjustment
Error Corrections and Prior Period Adjustments Restatement [Line Items]
Increase (decrease) in net cash used in operating activities	$ (1,600)	$ (2,600)	$ (4,600)		$ (3,900)	$ 7,800

SCHEDULE II - VALUATION AND Q_2

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS (Details) - Allowance for credit losses - USD ($) $ in Thousands	12 Months Ended
	Feb. 02, 2024	Feb. 03, 2023	Jan. 28, 2022
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at beginning of period	$ 2,402	$ 3,511	$ 4,830
Charged to income statement	(282)	(524)	(430)
Charged to allowance	(568)	(585)	(889)
Balance at end of period	$ 1,552	$ 2,402	$ 3,511