| Goodwill and Intangible Assets |
Goodwill and Intangible Assets Goodwill The following table summarizes goodwill by applicable operating segments: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of April 26, 2026 | | Balance as of January 25, 2026 | | (in thousands) | Goodwill | | Accumulated Impairment Losses | | Carrying Value | | Goodwill | | Accumulated Impairment Losses | | Carrying Value | | Signal Integrity | $ | 280,781 | | | $ | — | | | $ | 280,781 | | | $ | 267,205 | | | $ | — | | | $ | 267,205 | | Analog Mixed Signal and Wireless | 91,068 | | | — | | | 91,068 | | | 91,068 | | | — | | | 91,068 | | | IoT Systems and Connectivity | 946,897 | | | (847,896) | | | 99,001 | | | 947,548 | | | (847,896) | | | 99,652 | | | Total goodwill | $ | 1,318,746 | | | $ | (847,896) | | | $ | 470,850 | | | $ | 1,305,821 | | | $ | (847,896) | | | $ | 457,925 | |
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 25, 2026 | $ | 267,205 | | | $ | 91,068 | | | $ | 99,652 | | | | | | | | | | | | | $ | 457,925 | | | Addition from acquisition | 13,576 | | | — | | | — | | | | | | | | | | | | | 13,576 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | — | | | — | | | (651) | | | | | | | | | | | | | (651) | | | | | | | | | | | | | | | | | | | | | Balance at April 26, 2026 | $ | 280,781 | | | $ | 91,068 | | | $ | 99,001 | | | | | | | | | | | | | $ | 470,850 | |
During the first quarter of fiscal year 2027, the Company completed an immaterial acquisition, which resulted in the addition of $13.6 million in the carrying value of goodwill. Goodwill is not amortized, but is tested for impairment at the reporting unit level using either a qualitative or quantitative assessment on an annual basis during the fourth quarter of each fiscal year, and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment of goodwill is measured at the reporting unit level by comparing the reporting unit’s carrying amount, including goodwill, to the fair market value of the reporting unit. As of April 26, 2026, there was no indication of impairment of the Company's goodwill balances. Purchased and Other Intangibles The following table sets forth the Company's finite-lived intangible assets, which are amortized over their estimated useful lives: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 26, 2026 | | (in thousands, except estimated useful life) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment | | Net Carrying Amount | | Core technologies | 1-8 years | | $ | 178,683 | | | $ | (55,925) | | | $ | (91,792) | | | $ | 30,966 | | | Customer relationships | 1-10 years | | 60,068 | | | (15,757) | | | (34,777) | | | 9,534 | | | Trade name | 2-10 years | | 9,000 | | | (3,290) | | | (4,816) | | | 894 | | | Capitalized development costs | 3-7 years | | 3,912 | | | (1,164) | | | (1,777) | | | 971 | | | Software licenses | 7-10 years | | 4,840 | | | (447) | | | — | | | 4,393 | | | Total finite-lived intangible assets | | | $ | 256,503 | | | $ | (76,583) | | | $ | (133,162) | | | $ | 46,758 | | | | | | | | | | | | | | | January 25, 2026 | | (in thousands, except estimated useful life) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Accumulated Impairment | | Net Carrying Amount | | Core technologies | 1-8 years | | $ | 167,178 | | | $ | (54,383) | | | $ | (91,792) | | | $ | 21,003 | | | Customer relationships | 1-10 years | | 53,248 | | | (15,265) | | | (34,777) | | | 3,206 | | | Trade name | 2-10 years | | 9,000 | | | (3,257) | | | (4,816) | | | 927 | | | Capitalized development costs | 3-7 years | | 3,912 | | | (1,023) | | | (1,777) | | | 1,112 | | | Software licenses | 7-10 years | | 3,740 | | | (312) | | | — | | | 3,428 | | | Total finite-lived intangible assets | | | $ | 237,078 | | | $ | (74,240) | | | $ | (133,162) | | | $ | 29,676 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Amortization expense of finite-lived intangible assets was as follows: | | | | | | | | | | | | | | | | | Three Months Ended | | | | (in thousands) | April 26, 2026 | | April 27, 2025 | | | | | | Core technologies | $ | 1,750 | | | $ | 2,205 | | | | | | | Customer relationships | 295 | | | 113 | | | | | | | Trade name | 33 | | | 33 | | | | | | | Capitalized development costs | 141 | | | 127 | | | | | | | Software licenses | 135 | | | 10 | | | | | | | Total amortization expense | $ | 2,354 | | | $ | 2,488 | | | | | |
Amortization expense of finite-lived intangible assets related to core technologies was recorded in "Amortization of acquired technology" within "Total cost of sales" in the Statements of Operations, and amortization expense of finite-lived intangible assets related to customer relationships and trade name was recorded in "Intangible amortization" within "Total operating expenses, net" in the Statements of Operations. Amortization expense of finite-lived intangible assets related to software licenses was recorded in "Cost of sales" in the Statements of Operations and amortization expense of finite-lived intangible assets related to capitalized development costs was recorded in "Product development and engineering" in the Statements of Operations. 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 | | 2027 (remaining nine months) | $ | 5,601 | | | $ | 1,090 | | | $ | 100 | | | $ | 424 | | | $ | 406 | | | $ | 7,621 | | | 2028 | 6,230 | | | 1,261 | | | 133 | | | 287 | | | 541 | | | 8,452 | | | 2029 | 5,744 | | | 1,261 | | | 133 | | | 57 | | | 541 | | | 7,736 | | | 2030 | 3,040 | | | 1,261 | | | 133 | | | 57 | | | 541 | | | 5,032 | | | 2031 | 3,040 | | | 1,261 | | | 133 | | | 57 | | | 541 | | | 5,032 | | | Thereafter | 7,311 | | | 3,400 | | | 262 | | | 89 | | | 1,823 | | | 12,885 | | | Total expected amortization expense | $ | 30,966 | | | $ | 9,534 | | | $ | 894 | | | $ | 971 | | | $ | 4,393 | | | $ | 46,758 | |
Also in "Other intangible assets, net" in the Balance Sheets, are finite-lived intangible assets to be amortized upon placement in service. 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 25, 2026 | | $ | 2,414 | | | $ | 7,925 | | | $ | 10,339 | | | Additions | | 788 | | | 2,500 | | | 3,288 | | | Placed in service | | — | | | (1,100) | | | (1,100) | | | Balance at April 26, 2026 | | $ | 3,202 | | | $ | 9,325 | | | $ | 12,527 | |
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