XML 25 R15.htm IDEA: XBRL DOCUMENT v3.22.1

Goodwill and Intangible Assets

3 Months Ended

May 01, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The carrying amounts of goodwill by applicable reporting unit were as follows:

(in thousands)			Signal Integrity						Wireless and Sensing						Protection						Total
Balance at January 30, 2022			$	274,085					$	72,128					$	4,928					$	351,141
Reclassifications to assets held for sale			—						(835)						—						(835)
Balance at May 1, 2022			$	274,085					$	71,293					$	4,928					$	350,306

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 May 1, 2022, there was no indication of impairment of the Company's goodwill balances and goodwill excluded amounts reclassified to assets held for sale. See Note 2, Divestiture, for additional information.

Purchased Intangibles

The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions and technology licenses purchased, which are amortized over their estimated useful lives:

									May 1, 2022																		January 30, 2022
(in thousands, except estimated useful life)			Estimated Useful Life						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount						Gross Carrying Amount						Accumulated Amortization						Net Carrying Amount
Core technologies			6-8 years						$	26,300					$	(20,544)					$	5,756					$	26,300					$	(19,496)					$	6,804
Total finite-lived intangible assets									$	26,300					$	(20,544)					$	5,756					$	26,300					$	(19,496)					$	6,804

Amortization expense of finite-lived intangible assets recorded in the Statements of Income for each period was as follows:

			Three Months Ended
(in thousands)			May 1, 2022						May 2, 2021
Core technologies			$	1,048					$	1,298
Total amortization expense			$	1,048					$	1,298

Future amortization expense of finite-lived intangible assets is expected as follows:

(in thousands)
Fiscal Year Ending:
2023 (remaining nine months)			$	2,954
2024			1,676
2025			288
2026			288
2027			288
Thereafter			262
Total expected amortization expense			$	5,756

X

- References

No definition available.

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-URI http://asc.fasb.org/topic&trid=2144416

+ Details

Name:	us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration