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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Apr. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amounts of Goodwill | The following table summarizes goodwill by applicable operating segments:
| Balance as of April 27, 2025 |  | Balance as of January 26, 2025
(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 | 946,605 |  |  | (763,111) |  |  | 183,494 |  |  | 945,896 |  |  | (763,111) |  |  | 182,785 |
Total goodwill | $ | 1,296,911 |  |  | $ | (763,111) |  |  | $ | 533,800 |  |  | $ | 1,296,202 |  |  | $ | (763,111) |  |  | $ | 533,091 |
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 26, 2025 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 182,785 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 533,091 |
Cumulative translation adjustment | — |  |  | — |  |  | 709 |  |  |  |  |  |  |  |  |  |  |  |  | 709 |
Balance at April 27, 2025 | $ | 267,205 |  |  | $ | 83,101 |  |  | $ | 183,494 |  |  |  |  |  |  |  |  |  |  |  |  | $ | 533,800 |
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:
|  |  | April 27, 2025
(in thousands, except estimated useful life) | Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Core technologies | 1-8 years |  | $ | 155,568 |  |  | $ | (46,883) |  |  | $ | (91,792) |  |  | $ | 16,893 |
Customer relationships | 1-10 years |  | 52,302 |  |  | (13,993) |  |  | (34,777) |  |  | 3,532 |
Trade name | 2-10 years |  | 9,000 |  |  | (3,158) |  |  | (4,816) |  |  | 1,026 |
Capitalized development costs | 3 years |  | 1,523 |  |  | (405) |  |  | — |  |  | 1,118 |
Software licenses | 7 years |  | 240 |  |  | (24) |  |  | — |  |  | 216 |
Total finite-lived intangible assets |  |  | $ | 218,633 |  |  | $ | (64,463) |  |  | $ | (131,385) |  |  | $ | 22,785 |
|  |  | January 26, 2025
(in thousands, except estimated useful life) | Estimated Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Core technologies | 1-8 years |  | $ | 154,728 |  |  | $ | (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 |
Finite-lived Intangible Assets Amortization Expense | Amortization expense of finite-lived intangible assets was as follows:
| Three Months Ended |  |
(in thousands) | April 27, 2025 |  | April 28, 2024 |  |  |  |
Core technologies | $ | 2,205 |  |  | $ | 2,281 |  |  |  |  |
Customer relationships | 113 |  |  | 114 |  |  |  |  |
Trade name | 33 |  |  | 193 |  |  |  |  |
Capitalized development costs | 127 |  |  | — |  |  |  |  |
Software licenses | 10 |  |  | — |  |  |  |  |
Total amortization expense | $ | 2,488 |  |  | $ | 2,588 |  |  |  |  |
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 |  | Software Licenses |  | Total
2026 (remaining nine months) | $ | 6,427 |  |  | $ | 344 |  |  | $ | 100 |  |  | $ | 381 |  |  | $ | 26 |  |  | $ | 7,278 |
2027 | 3,749 |  |  | 458 |  |  | 133 |  |  | 508 |  |  | 34 |  |  | 4,882 |
2028 | 3,592 |  |  | 458 |  |  | 133 |  |  | 229 |  |  | 34 |  |  | 4,446 |
2029 | 3,125 |  |  | 458 |  |  | 133 |  |  | — |  |  | 34 |  |  | 3,750 |
2030 | — |  |  | 458 |  |  | 133 |  |  | — |  |  | 34 |  |  | 625 |
Thereafter | — |  |  | 1,356 |  |  | 394 |  |  | — |  |  | 54 |  |  | 1,804 |
Total expected amortization expense | $ | 16,893 |  |  | $ | 3,532 |  |  | $ | 1,026 |  |  | $ | 1,118 |  |  | $ | 216 |  |  | $ | 22,785 |
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 26, 2025 |  | $ | 2,104 |  |  | $ | 6,140 |  |  | $ | 8,244 |
Additions |  | 709 |  |  | 4,950 |  |  | 5,659 |
Placed in service |  | (155) |  |  | (40) |  |  | (195) |
Balance at April 27, 2025 |  | $ | 2,658 |  |  | $ | 11,050 |  |  | $ | 13,708 |

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