Goodwill and Intangible Assets (Tables)
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12 Months Ended |
Jan. 28, 2024 |
| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Goodwill balances |
The carrying amounts of goodwill by applicable operating segments were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Signal Integrity | | Analog Mixed Signal and Wireless (f.k.a. Advanced Protection and Sensing) | | IoT Systems | | IoT Connected Services | | Unallocated | | Total | | Balance at January 29, 2023 | $ | 274,085 | | | $ | 14,639 | | | $ | 61,582 | | | $ | — | | | $ | 931,397 | | | $ | 1,281,703 | | | Measurement period adjustments | — | | | — | | | — | | | — | | | 23,925 | | | 23,925 | | | Reallocation | (6,880) | | | 68,462 | | | 593,945 | | | 299,795 | | | (955,322) | | | — | | | | | | | | | | | | | | | | | | | | | | | | | | | Cumulative translation adjustment | — | | | — | | | (2,353) | | | (6,427) | | | — | | | (8,780) | | | Impairment | — | | | — | | | (546,609) | | | (209,012) | | | — | | | (755,621) | | | Balance at January 28, 2024 | $ | 267,205 | | | $ | 83,101 | | | $ | 106,565 | | | $ | 84,356 | | | $ | — | | | $ | 541,227 | |
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| Schedule of finite-lived intangible assets which continue to be amortized |
The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions, which are amortized over their estimated useful lives: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | January 28, 2024 | | (in thousands) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Impairment | | Net Carrying Amount | | Core technologies | 1-8 years | | $ | 154,985 | | | $ | (35,130) | | | (91,792) | | | $ | 28,063 | | | Customer relationships | 1-10 years | | 52,272 | | | (13,391) | | | (34,777) | | | 4,104 | | | Trade name | 2-10 years | | 9,000 | | | (2,700) | | | (4,816) | | | 1,484 | | | | | | | | | | | | | Total finite-lived intangible assets | | | $ | 216,257 | | | $ | (51,221) | | | $ | (131,385) | | | $ | 33,651 | | | | | | | | | | | | | | | January 29, 2023 | | (in thousands) | Estimated Useful Life | | Gross Carrying Amount | | Accumulated Amortization | | Impairment | | Net Carrying Amount | | Core technologies | 1-8 years | | $ | 175,080 | | | $ | (21,156) | | | — | | | $ | 153,924 | | | Customer relationships | 1-10 years | | 53,000 | | | (690) | | | — | | | 52,310 | | | Trade name | 2-10 years | | 9,000 | | | (132) | | | — | | | 8,868 | | | | | | | | | | | | | Total finite-lived intangible assets | | | $ | 237,080 | | | $ | (21,978) | | | $ | — | | | $ | 215,102 | |
The following table sets forth the Company’s finite-lived intangible assets under construction: | | | | | | | | | | (in thousands) | | Net Carrying Amount | | Value at January 29, 2023 | | $ | — | | | Capitalized development costs | | 1,915 | | | Value at January 28, 2024 | | $ | 1,915 | |
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| Schedule of amortization expenses recorded in the Statements of Income |
Amortization expense of finite-lived intangible assets was as follows: | | | | | | | | | | | | | | | | | | | Fiscal Year Ended | | (in thousands) | January 28, 2024 | | January 29, 2023 | | January 30, 2022 | | Core technologies | $ | 33,716 | | | $ | 5,660 | | | $ | 4,942 | | | Customer relationships | 12,345 | | | 690 | | | — | | | Trade name | 2,568 | | | 132 | | | — | | | Total amortization expense | $ | 48,629 | | | $ | 6,482 | | | $ | 4,942 | |
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| Schedule of future amortization expense |
Future amortization expense of finite-lived intangible assets is expected as follows: | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | Core Technologies | | Customer relationships | | Trade name | | Total | | Fiscal year 2025 | $ | 9,110 | | | $ | 458 | | | $ | 426 | | | $ | 9,994 | | | Fiscal year 2026 | 8,611 | | | 458 | | | 133 | | | 9,202 | | | Fiscal year 2027 | 3,719 | | | 458 | | | 133 | | | 4,310 | | | Fiscal year 2028 | 3,563 | | | 458 | | | 133 | | | 4,154 | | | Fiscal year 2029 | 3,060 | | | 383 | | | 133 | | | 3,576 | | | Thereafter | — | | | 1,889 | | | 526 | | | 2,415 | | | Total expected amortization expense | $ | 28,063 | | | $ | 4,104 | | | $ | 1,484 | | | $ | 33,651 | |
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