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Goodwill and Intangible Assets
9 Months Ended
Oct. 26, 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 October 26, 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 Connectivity946,860 (805,102)141,758 945,896 (763,111)182,785 
Total goodwill$1,297,166 $(805,102)$492,064 $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— — 964 964 
Impairment— — (41,991)(41,991)
Balance at October 26, 2025$267,205 $83,101 $141,758 $492,064 
During the second quarter of fiscal year 2026, as a result of reduced earnings forecasts of the IoT Connected Services reporting unit, the Company performed an interim impairment test using a quantitative assessment of the IoT Connected Services reporting unit, included in the IoT Systems and Connectivity operating segment. The interim impairment test resulted in $42.0 million of total pre-tax non-cash goodwill impairment charges for the IoT Connected Services reporting unit recorded in the Statements of Operations during the second quarter of fiscal year 2026. The fair value of the reporting unit was determined based on a discounted cash flow model (an income approach) and earnings multiples (a market approach). Significant inputs to the reporting unit fair value measurements included forecasted cash flows, discount rates, terminal growth rates and earnings multiples, which were determined by management estimates and assumptions. The reporting unit fair value measurement is classified as Level 3 in the fair value hierarchy because it involves significant unobservable inputs.
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 October 26, 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:
 October 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
$155,789 $(51,494)$(91,792)$12,503 
Customer relationships
1-10 years
52,565 (14,467)(34,777)3,321 
Trade name
2-10 years
9,000 (3,224)(4,816)960 
Capitalized development costs
3-7 years
3,912 (811)— 3,101 
Software licenses
7-10 years
3,740 (216)— 3,524 
Total finite-lived intangible assets$225,006 $(70,212)$(131,385)$23,409 
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 costs3 years1,368 (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 EndedNine Months Ended
(in thousands)October 26, 2025October 27, 2024October 26, 2025October 27, 2024
Core technologies$2,215 $2,281 $6,634 $6,841 
Customer relationships115 116 344 345 
Trade name33 33 99 392 
Capitalized development costs208 25 533 74 
Software licenses96 202 
Total amortization expense$2,667 $2,462 $7,812 $7,659 
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 three months)$2,004 $115 $33 $212 $96 $2,460 
20273,761 461 133 849 384 5,588 
20283,604 461 133 572 384 5,154 
20293,134 461 133 341 384 4,453 
2030— 461 133 341 384 1,319 
Thereafter— 1,362 395 786 1,892 4,435 
Total expected amortization expense$12,503 $3,321 $960 $3,101 $3,524 $23,409 
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 
Additions2,284 5,325 7,609 
Placed in service(2,544)(3,540)(6,084)
Balance at October 26, 2025$1,844 $7,925 $9,769