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Goodwill and Intangible Assets (Tables) | 6 Months Ended
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Jul. 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 | — |  |  | — |  |  | (123) |  |  |  |  |  |  |  |  |  |  |  |  | (123) |
Balance at July 28, 2024 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 190,798 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 541,104 |
Schedule of Acquired Finite-Lived Intangible Assets | The following table sets forth the Company’s finite-lived intangible assets, which are amortized over their estimated useful lives:
|  |  | July 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 |  | $ | 154,797 |  |  | $ | (39,525) |  |  | $ | (91,792) |  |  | $ | 23,480 |
Customer relationships | 1-10 years |  | 52,117 |  |  | (13,476) |  |  | (34,777) |  |  | 3,864 |
Trade name | 2-10 years |  | 9,000 |  |  | (3,058) |  |  | (4,816) |  |  | 1,126 |
Capitalized development costs | 3 years |  | 295 |  |  | (49) |  |  | — |  |  | 246 |
Total finite-lived intangible assets |  |  | $ | 216,209 |  |  | $ | (56,108) |  |  | $ | (131,385) |  |  | $ | 28,716 |
|  |  | 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 |  | Six Months Ended
(in thousands) | July 28, 2024 |  | July 30, 2023 |  | July 28, 2024 |  | July 30, 2023
Core technologies | $ | 2,279 |  |  | $ | 10,573 |  |  | $ | 4,560 |  |  | $ | 21,428 |
Customer relationships | 114 |  |  | 4,080 |  |  | 228 |  |  | 8,170 |
Trade name | 168 |  |  | 791 |  |  | 361 |  |  | 1,583 |
Capitalized development costs | 49 |  |  | — |  |  | 49 |  |  | — |
Total amortization expense | $ | 2,610 |  |  | $ | 15,444 |  |  | $ | 5,198 |  |  | $ | 31,181 |
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 |  | Capitalized Development Costs |  | Total
2025 (remaining six months) | $ | 4,542 |  |  | $ | 228 |  |  | $ | 66 |  |  | $ | 49 |  |  | $ | 4,885 |
2026 | 8,598 |  |  | 457 |  |  | 133 |  |  | 98 |  |  | 9,286 |
2027 | 3,707 |  |  | 457 |  |  | 133 |  |  | 99 |  |  | 4,396 |
2028 | 3,550 |  |  | 457 |  |  | 133 |  |  | — |  |  | 4,140 |
2029 | 3,083 |  |  | 382 |  |  | 133 |  |  | — |  |  | 3,598 |
Thereafter | — |  |  | 1,883 |  |  | 528 |  |  | — |  |  | 2,411 |
Total expected amortization expense | $ | 23,480 |  |  | $ | 3,864 |  |  | $ | 1,126 |  |  | $ | 246 |  |  | $ | 28,716 |
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
Balance at January 28, 2024 |  | $ | 1,000 |  |  | $ | 915 |  |  | $ | 1,915 |
Additions |  | 468 |  |  | 4,550 |  |  | 5,018 |
Placed in service |  | (295) |  |  | — |  |  | (295) |
Balance at July 28, 2024 |  | $ | 1,173 |  |  | $ | 5,465 |  |  | $ | 6,638 |

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