XML 25 R14.htm IDEA: XBRL DOCUMENT v3.25.1
Goodwill and Intangible Assets
 3 Months Ended
Apr. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table summarizes goodwill by applicable operating segments:
Balance as of April 27, 2025Balance as of January 26, 2025
(in thousands)GoodwillAccumulated Impairment LossesCarrying ValueGoodwillAccumulated Impairment LossesCarrying 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 Connectivity946,605 (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 ConnectivityTotal
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 
Goodwill is not amortized, but is tested for impairment at the reporting unit level using either a qualitative or quantitative assessment on an annual basis during the fourth quarter of each fiscal year, and whenever events or changes in circumstances indicate that the carrying value may not be recoverable. Impairment of goodwill is measured at the reporting unit level by comparing the reporting unit’s carrying amount, including goodwill, to the fair market value of the reporting unit. As of April 27, 2025, there was no indication of impairment of the Company's goodwill balances.
Purchased and Other Intangibles
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 ImpairmentNet 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 licenses7 years240 (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 ImpairmentNet 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 licenses7 years200 (14)— 186 
Total finite-lived intangible assets$217,077 $(60,825)$(131,385)$24,867 
Amortization expense of finite-lived intangible assets was as follows:
Three Months Ended
(in thousands)April 27, 2025April 28, 2024
Core technologies$2,205 $2,281 
Customer relationships113 114 
Trade name33 193 
Capitalized development costs127 — 
Software licenses10 — 
Total amortization expense$2,488 $2,588 
Amortization expense of finite-lived intangible assets related to core technologies was recorded in "Amortization of acquired technology" within "Total cost of sales" in the Statements of Operations, and amortization expense of finite-lived intangible assets related to customer relationships and trade name was recorded in "Intangible amortization" within "Total operating expenses, net" in the Statements of Operations. Amortization expense of finite-lived intangible assets related to software licenses was recorded in "Cost of sales" in the Statements of Operations and amortization expense of finite-lived intangible assets related to capitalized development costs was recorded in "Product development and engineering" in the Statements of Operations.
Future amortization expense of finite-lived intangible assets is expected as follows:
(in thousands)Core TechnologiesCustomer RelationshipsTrade NameCapitalized Development CostsSoftware LicensesTotal
2026 (remaining nine months)$6,427 $344 $100 $381 $26 $7,278 
20273,749 458 133 508 34 4,882 
20283,592 458 133 229 34 4,446 
20293,125 458 133 — 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 
Also in "Other intangible assets, net" in the Balance Sheets, are finite-lived intangible assets to be amortized upon placement in service. The following table sets forth the Company's finite-lived intangible assets not yet placed in service:
(in thousands)Capitalized Development CostsSoftware LicensesTotal
Balance at January 26, 2025$2,104 $6,140 $8,244 
Additions709 4,950 5,659 
Placed in service(155)(40)(195)
Balance at April 27, 2025$2,658 $11,050 $13,708