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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Jan. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill balances | The following table summarizes goodwill by applicable operating segments:
| Balance as of January 26, 2025 |  | Balance as of January 28, 2024
(in thousands) | Goodwill |  | Accumulated Impairment Losses |  | Carrying Value |  | Goodwill |  | Accumulated Impairment Losses |  | Carrying Value
Signal Integrity | $ | 267,205 |  |  | $ | — |  |  | $ | 267,205 |  |  | $ | 267,205 |  |  | $ | — |  |  | $ | 267,205 |
Analog Mixed Signal and Wireless | 83,101 |  |  | — |  |  | 83,101 |  |  | 83,101 |  |  | — |  |  | 83,101 |
IoT Systems and Connectivity | 945,896 |  |  | (763,111) |  |  | 182,785 |  |  | 946,542 |  |  | (755,621) |  |  | 190,921 |
Total goodwill | $ | 1,296,202 |  |  | $ | (763,111) |  |  | $ | 533,091 |  |  | $ | 1,296,848 |  |  | $ | (755,621) |  |  | $ | 541,227 |
The following table summarizes the change in goodwill by applicable operating segments:
(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 | — |  |  | — |  |  | (646) |  |  |  |  |  |  | (646) |
Impairment | — |  |  | — |  |  | (7,490) |  |  |  |  |  |  | (7,490) |
Balance at January 26, 2025 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 182,785 |  |  |  |  |  |  | $ | 533,091 |
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 26, 2025
(in thousands) | Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Core technologies | 1-8 years |  | $ | 154,728 |  |  | $ | (44,014) |  |  | (91,792) |  |  | $ | 18,922 |
Customer relationships | 1-10 years |  | 51,781 |  |  | (13,394) |  |  | (34,777) |  |  | 3,610 |
Trade name | 2-10 years |  | 9,000 |  |  | (3,125) |  |  | (4,816) |  |  | 1,059 |
Capitalized development costs | 3 years |  | 1,368 |  |  | (278) |  |  | — |  |  | 1,090 |
Software licenses | 7 years |  | 200 |  |  | (14) |  |  | — |  |  | 186 |
Total finite-lived intangible assets |  |  | $ | 217,077 |  |  | $ | (60,825) |  |  | $ | (131,385) |  |  | $ | 24,867 |
|  |  | January 28, 2024
(in thousands) | 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 |
The following table sets forth the Company’s finite-lived intangible assets not yet placed in service:
(in thousands) |  | Capitalized Development Costs | 0 | Software Licenses |  | Total
Balance at January 28, 2024 |  | $ | 1,000 |  |  | $ | 915 |  |  | $ | 1,915 |
Additions |  | 2,472 |  |  | 5,425 |  |  | 7,897 |
Placed in service |  | (1,368) |  |  | (200) |  |  | (1,568) |
Balance at January 26, 2025 |  | $ | 2,104 |  |  | $ | 6,140 |  |  | $ | 8,244 |
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 26, 2025 |  | January 28, 2024 |  | January 29, 2023
Core technologies | $ | 9,106 |  |  | $ | 33,716 |  |  | $ | 5,660 |
Customer relationships | 459 |  |  | 12,345 |  |  | 690 |
Trade name | 425 |  |  | 2,568 |  |  | 132 |
Capitalized development costs | 278 |  |  | — |  |  | — |
Software licenses | 14 |  |  | — |  |  | — |
Total amortization expense | $ | 10,282 |  |  | $ | 48,629 |  |  | $ | 6,482 |
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 |  | Capitalized Development Costs |  | Software Licenses |  | Total
Fiscal year 2026 | $ | 8,595 |  |  | $ | 454 |  |  | $ | 133 |  |  | $ | 456 |  |  | $ | 29 |  |  | $ | 9,667 |
Fiscal year 2027 | 3,703 |  |  | 454 |  |  | 133 |  |  | 456 |  |  | 29 |  |  | 4,775 |
Fiscal year 2028 | 3,547 |  |  | 454 |  |  | 133 |  |  | 178 |  |  | 29 |  |  | 4,341 |
Fiscal year 2029 | 3,077 |  |  | 454 |  |  | 133 |  |  | — |  |  | 29 |  |  | 3,693 |
Fiscal year 2030 | — |  |  | 454 |  |  | 133 |  |  | — |  |  | 29 |  |  | 616 |
Thereafter | — |  |  | 1,340 |  |  | 394 |  |  | — |  |  | 41 |  |  | 1,775 |
Total expected amortization expense | $ | 18,922 |  |  | $ | 3,610 |  |  | $ | 1,059 |  |  | $ | 1,090 |  |  | $ | 186 |  |  | $ | 24,867 |

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