Balance Sheet Components (Tables)

9 Months Ended

Nov. 05, 2023

Balance Sheet Components Disclosure [Abstract]

Schedule of Inventory

Inventory consists of the following (in thousands):

	At the End of
	Fiscal 2023		Third Quarter of Fiscal 2024
Raw materials	$	24,896	$	20,704
Finished goods	25,256		25,507
Inventory	$	50,152	$	46,211

Schedule of Property and Equipment, Net

Property and equipment, net consists of the following (in thousands):

 

	At the End of
	Fiscal 2023		Third Quarter of Fiscal 2024
Test equipment	$	315,290	$	359,073
Computer equipment and software	262,574		308,671
Furniture and fixtures	9,693		9,915
Leasehold improvements	71,235		95,919
Capitalized software development costs	15,806		30,831
Total property and equipment	674,598		804,409
Less: accumulated depreciation and amortization	(402,153)		(466,850)
Property and equipment, net	$	272,445	$	337,559

Schedule of Intangible Assets, Net

Intangible assets, net consist of the following (in thousands):

 

	At the End of
	Fiscal 2023						Third Quarter of Fiscal 2024
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Technology patents	$	19,125	$	(14,826)	$	4,299	$	19,125	$	(15,787)	$	3,338
Developed technology	83,211		(43,366)		39,845		83,211		(53,284)		29,927
Customer relationships	6,459		(2,166)		4,293		6,459		(2,856)		3,603
Trade name	3,623		(2,838)		785		3,623		(3,623)		—
Intangible assets, net	$	112,418	$	(63,196)	$	49,222	$	112,418	$	(75,550)	$	36,868

Schedule of Expected Amortization Expenses for Intangible Assets

At the end of the third quarter of fiscal 2024, future expected amortization expense for intangible assets is as follows (in thousands):

Fiscal Years Ending	Estimated Future Amortization Expense
Remainder of 2024	$	3,856
2025	15,425
2026	12,830
2027	3,107
2028	1,054
Thereafter	596
Total	$	36,868

Schedule of Accrued Expenses and Other Liabilities

Accrued expenses and other liabilities consist of the following (in thousands):

	At the End of
	Fiscal 2023		Third Quarter of Fiscal 2024
Taxes payable	$	16,615	$	18,132
Accrued marketing	14,228		15,649
Accrued cloud and outside services	7,644		5,077
Supply chain-related accruals (1)	23,545		34,966
Accrued service logistics and professional services	7,927		8,135
Acquisition earn-out and deferred consideration	3,556		1,000
Finance lease liabilities, current	5,432		5,576
Customer deposits from contracts with customers	17,824		20,993
Other accrued liabilities	26,978		31,713
Total accrued expenses and other liabilities	$	123,749	$	141,241

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(1) Primarily consists of warranty reserves and accruals related to our inventory and inventory purchase commitments with our contract manufacturers.