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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Apr. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amounts of Goodwill | The carrying amounts of goodwill by applicable operating segment were as follows:
(in thousands) | Signal Integrity |  | Analog Mixed Signal and Wireless |  | IoT Systems and Connectivity |  |  |  |  |  |  |  |  |  |  |  | Total
Balance at January 28, 2024 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 190,921 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 541,227 |
Cumulative translation adjustment | — |  |  | — |  |  | (304) |  |  |  |  |  |  |  |  |  |  |  |  | (304) |
Balance at April 28, 2024 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 190,617 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 540,923 |
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions, which are amortized over their estimated useful lives:
|  |  | April 28, 2024
(in thousands, except estimated useful life) | Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Core technologies | 1-8 years |  | $ | 154,683 |  |  | $ | (37,186) |  |  | $ | (91,792) |  |  | $ | 25,705 |
Customer relationships | 1-10 years |  | 52,061 |  |  | (13,310) |  |  | (34,777) |  |  | 3,974 |
Trade name | 2-10 years |  | 9,000 |  |  | (2,893) |  |  | (4,816) |  |  | 1,291 |
Total finite-lived intangible assets |  |  | $ | 215,744 |  |  | $ | (53,389) |  |  | $ | (131,385) |  |  | $ | 30,970 |
|  |  | January 28, 2024
(in thousands, except estimated useful life) | Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Core technologies | 1-8 years |  | $ | 154,985 |  |  | $ | (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 |
Finite-lived Intangible Assets Amortization Expense | Amortization expense of finite-lived intangible assets was as follows:
| Three Months Ended |  |
(in thousands) | April 28, 2024 |  | April 30, 2023 |  |  |  |
Core technologies | $ | 2,281 |  |  | $ | 10,855 |  |  |  |  |
Customer relationships | 114 |  |  | 4,090 |  |  |  |  |
Trade name | 193 |  |  | 792 |  |  |  |  |
Total amortization expense | $ | 2,588 |  |  | $ | 15,737 |  |  |  |  |
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 |  | Total
2025 (remaining nine months) | $ | 6,817 |  |  | $ | 342 |  |  | $ | 233 |  |  | $ | 7,392 |
2026 | 8,594 |  |  | 456 |  |  | 133 |  |  | 9,183 |
2027 | 3,703 |  |  | 456 |  |  | 133 |  |  | 4,292 |
2028 | 3,546 |  |  | 456 |  |  | 133 |  |  | 4,135 |
2029 | 3,045 |  |  | 382 |  |  | 133 |  |  | 3,560 |
Thereafter | — |  |  | 1,882 |  |  | 526 |  |  | 2,408 |
Total expected amortization expense | $ | 25,705 |  |  | $ | 3,974 |  |  | $ | 1,291 |  |  | $ | 30,970 |
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
Value at January 28, 2024 |  | $ | 1,000 |  |  | $ | 915 |  |  | $ | 1,915 |
Additions |  | 451 |  |  | 1,750 |  |  | 2,201 |
Value at April 28, 2024 |  | $ | 1,451 |  |  | $ | 2,665 |  |  | $ | 4,116 |

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