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Acquisition (Tables)

9 Months Ended

Oct. 29, 2023

Business Combination and Asset Acquisition [Abstract]

Business Acquisition, Pro Forma Information

The following table provides a summary of the pro forma unaudited consolidated results of operations as if the Sierra Wireless Acquisition had been completed on February 1, 2021 (the first day of fiscal year 2022):

						Three Months Ended						Nine Months Ended
						October 30, 2022						October 30, 2022
(in thousands)						(unaudited)						(unaudited)
Total revenues						$	343,674					$	1,115,985
Net loss						$	(5,806)					$	34,768

Schedule of Business Acquisitions, by Acquisition

The following table presents the fair values of assets and liabilities assumed on the Acquisition Date based on valuations and management's estimates:

(in thousands)			Amounts recognized as of Acquisition Date (as initially reported)						Measurement period adjustment						Amounts recognized as of Acquisition Date (as adjusted)
Total purchase price consideration, net of cash acquired $68,794			$	1,240,757											$	1,240,757
Assets:															—
Accounts receivable, net			92,633						—						92,633
Inventories			96,339						(1,899)						94,440
Other current assets			72,724						5,003						77,727
Property, plant and equipment			29,086						(2,628)						26,458
Intangible assets			214,780						—						214,780
Prepaid taxes			3,001						—						3,001
Deferred tax assets			22,595						285						22,880
Other assets			14,878						—						14,878
Liabilities:															—
Accounts payable			50,413						210						50,623
Accrued liabilities			148,654						26,232						174,886
Deferred tax liabilities			4,824						350						5,174
Other long-term liabilities			32,785						(2,106)						30,679
Net assets acquired, excluding goodwill			$	309,360					$	(23,925)					$	285,435
Goodwill			$	931,397					$	23,925					$	955,322

X

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(2)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (h)(3)
-SubTopic 10
-Topic 805
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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X

- Definition

Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-3

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479328/805-10-50-2

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