Balance Sheet Components (Tables)

3 Months Ended

May 05, 2024

Balance Sheet Components Disclosure [Abstract]

Schedule of Inventory

Inventory consists of the following (in thousands):

	At the End of
	Fiscal 2024		First Quarter of Fiscal 2025
Raw materials	$	19,317	$	18,130
Finished goods	23,346		22,544
Inventory	$	42,663	$	40,674

Schedule of Property and Equipment, Net

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

 

	At the End of
	Fiscal 2024		First Quarter of Fiscal 2025
Test equipment	$	371,269	$	390,646
Computer equipment and software	319,636		332,358
Furniture and fixtures	12,547		12,804
Leasehold improvements	92,926		97,629
Capitalized software development costs	36,474		42,789
Total property and equipment	832,852		876,226
Less: accumulated depreciation and amortization	(480,248)		(508,073)
Property and equipment, net	$	352,604	$	368,153

Schedule of Intangible Assets, Net

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

 

	At the End of
	Fiscal 2024						First Quarter of Fiscal 2025
	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount		Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Technology patents	$	19,125	$	(16,107)	$	3,018	$	19,125	$	(16,428)	$	2,697
Developed technology	83,211		(56,589)		26,622		83,211		(59,894)		23,317
Customer relationships	6,459		(3,087)		3,372		6,459		(3,317)		3,142
Trade name	3,623		(3,623)		—		3,623		(3,623)		—
Intangible assets, net	$	112,418	$	(79,406)	$	33,012	$	112,418	$	(83,262)	$	29,156

Schedule of Expected Amortization Expenses for Intangible Assets

At the end of the first quarter of fiscal 2025, future expected amortization expense for intangible assets is as follows (in thousands):

Fiscal Years Ending	Estimated Future Amortization Expense
Remainder of 2025	$	11,569
2026	12,830
2027	3,107
2028	1,054
2029	434
Thereafter	162
Total	$	29,156

Schedule of Accrued Expenses and Other Liabilities

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

	At the End of
	Fiscal 2024		First Quarter of Fiscal 2025
Taxes payable	$	13,097	$	13,665
Accrued marketing	18,438		13,771
Accrued cloud and outside services	5,973		4,523
Supply chain-related accruals (1)	25,962		18,335
Accrued service logistics and professional services	9,636		10,370
Finance lease liabilities, current	4,204		4,384
Customer deposits from contracts with customers	23,534		22,981
Other accrued liabilities	34,911		39,856
Total accrued expenses and other liabilities	$	135,755	$	127,885

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