Goodwill and Intangible Assets (Tables)
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6 Months Ended |
Jul. 27, 2025 |
Goodwill and Intangible Assets Disclosure [Abstract] |
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Changes in Carrying Amounts of Goodwill |
The following table summarizes goodwill by applicable operating segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of July 27, 2025 | | Balance as of January 26, 2025 | (in thousands) | Goodwill | | Accumulated Impairment Losses | | Carrying Value | | Goodwill | | Accumulated Impairment Losses | | Carrying Value | Signal Integrity | $ | 267,205 | | | $ | — | | | $ | 267,205 | | | $ | 267,205 | | | $ | — | | | $ | 267,205 | | Analog Mixed Signal and Wireless | 83,101 | | | — | | | 83,101 | | | 83,101 | | | — | | | 83,101 | | IoT Systems and Connectivity | 946,991 | | | (805,102) | | | 141,889 | | | 945,896 | | | (763,111) | | | 182,785 | | Total goodwill | $ | 1,297,297 | | | $ | (805,102) | | | $ | 492,195 | | | $ | 1,296,202 | | | $ | (763,111) | | | $ | 533,091 | |
The following table summarizes the change in goodwill by applicable operating segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Signal Integrity | | Analog Mixed Signal and Wireless | | IoT Systems and Connectivity | | | | | | | | | | | | Total | Balance at January 26, 2025 | $ | 267,205 | | | $ | 83,101 | | | $ | 182,785 | | | | | | | | | | | | | $ | 533,091 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | — | | | — | | | 1,095 | | | | | | | | | | | | | 1,095 | | Impairment | — | | | — | | | (41,991) | | | | | | | | | | | | | (41,991) | | Balance at July 27, 2025 | $ | 267,205 | | | $ | 83,101 | | | $ | 141,889 | | | | | | | | | | | | | $ | 492,195 | |
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Schedule of Acquired Finite-Lived Intangible Assets |
The following table sets forth the Company's finite-lived intangible assets, which are amortized over their estimated useful lives: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | July 27, 2025 | (in thousands, except estimated useful life) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment | | Net Carrying Amount | Core technologies | 1-8 years | | $ | 155,694 | | | $ | (49,200) | | | $ | (91,792) | | | $ | 14,702 | | Customer relationships | 1-10 years | | 52,585 | | | (14,371) | | | (34,777) | | | 3,437 | | Trade name | 2-10 years | | 9,000 | | | (3,191) | | | (4,816) | | | 993 | | Capitalized development costs | 3-7 years | | 3,513 | | | (603) | | | — | | | 2,910 | | Software licenses | 7-10 years | | 3,740 | | | (120) | | | — | | | 3,620 | | Total finite-lived intangible assets | | | $ | 224,532 | | | $ | (67,485) | | | $ | (131,385) | | | $ | 25,662 | | | | | | | | | | | | | | | January 26, 2025 | (in thousands, except estimated useful life) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment | | Net Carrying Amount | Core technologies | 1-8 years | | $ | 154,728 | | | $ | (44,014) | | | $ | (91,792) | | | $ | 18,922 | | Customer relationships | 1-10 years | | 51,781 | | | (13,394) | | | (34,777) | | | 3,610 | | Trade name | 2-10 years | | 9,000 | | | (3,125) | | | (4,816) | | | 1,059 | | Capitalized development costs | 3 years | | 1,368 | | | (278) | | | — | | | 1,090 | | Software licenses | 7 years | | 200 | | | (14) | | | — | | | 186 | | Total finite-lived intangible assets | | | $ | 217,077 | | | $ | (60,825) | | | $ | (131,385) | | | $ | 24,867 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
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Finite-lived Intangible Assets Amortization Expense |
Amortization expense of finite-lived intangible assets was as follows: | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended | | Six Months Ended | (in thousands) | July 27, 2025 | | July 28, 2024 | | July 27, 2025 | | July 28, 2024 | Core technologies | $ | 2,214 | | | $ | 2,279 | | | $ | 4,419 | | | $ | 4,560 | | Customer relationships | 115 | | | 114 | | | 229 | | | 228 | | Trade name | 33 | | | 168 | | | 66 | | | 361 | | Capitalized development costs | 198 | | | 49 | | | 325 | | | 49 | | Software licenses | 96 | | | — | | | 106 | | | — | | Total amortization expense | $ | 2,656 | | | $ | 2,610 | | | $ | 5,145 | | | $ | 5,198 | |
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Schedule of Future Amortization of Intangible Asset |
Future amortization expense of finite-lived intangible assets is expected as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Core Technologies | | Customer Relationships | | Trade Name | | Capitalized Development Costs | | Software Licenses | | Total | 2026 (remaining six months) | $ | 4,217 | | | $ | 230 | | | $ | 66 | | | $ | 396 | | | $ | 192 | | | $ | 5,101 | | 2027 | 3,756 | | | 461 | | | 133 | | | 792 | | | 384 | | | 5,526 | | 2028 | 3,599 | | | 461 | | | 133 | | | 515 | | | 384 | | | 5,092 | | 2029 | 3,130 | | | 461 | | | 133 | | | 284 | | | 384 | | | 4,392 | | 2030 | — | | | 461 | | | 133 | | | 284 | | | 384 | | | 1,262 | | Thereafter | — | | | 1,363 | | | 395 | | | 639 | | | 1,892 | | | 4,289 | | Total expected amortization expense | $ | 14,702 | | | $ | 3,437 | | | $ | 993 | | | $ | 2,910 | | | $ | 3,620 | | | $ | 25,662 | |
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Schedule of Finite-Lived Intangible Assets |
The following table sets forth the Company's finite-lived intangible assets not yet placed in service: | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Capitalized Development Costs | | Software Licenses | | Total | Balance at January 26, 2025 | | $ | 2,104 | | | $ | 6,140 | | | $ | 8,244 | | Additions | | 1,481 | | | 4,950 | | | 6,431 | | Placed in service | | (2,145) | | | (3,540) | | | (5,685) | | Balance at July 27, 2025 | | $ | 1,440 | | | $ | 7,550 | | | $ | 8,990 | |
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