XML 28 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Balance Sheet Components
 12 Months Ended
Feb. 02, 2025
Balance Sheet Components Disclosure [Abstract]  
Balance Sheet Components Balance Sheet Components
Inventory
Inventory consists of the following (in thousands):
At the End of Fiscal
20242025
Raw materials$19,317 $9,616 
Finished goods23,346 33,194 
Inventory$42,663 $42,810 
Property and Equipment, Net
Property and equipment, net consists of the following (in thousands):
 At the End of Fiscal
 20242025
Test and infrastructure equipment (1)
$371,269 $457,033 
Computer equipment and software
319,636 393,623 
Furniture and fixtures12,547 13,948 
Leasehold improvements92,926 102,002 
Capitalized software development costs36,474 65,824 
Total property and equipment832,852 1,032,430 
Less: accumulated depreciation and amortization(480,248)(570,699)
Property and equipment, net$352,604 $461,731 
_________________________________
(1) Includes finance lease right-of-use assets. Refer to Note 8.
Depreciation and amortization expense related to property and equipment was $87.0 million, $112.6 million and $114.5 million for fiscal 2023, 2024 and 2025, respectively.
Intangible Assets, Net
Intangible assets, net consist of the following (in thousands):
At the End of Fiscal
 20242025
 Gross Carrying ValueAccumulated AmortizationNet Carrying AmountGross Carrying ValueAccumulated AmortizationNet Carrying Amount
Technology patents$19,125 $(16,107)$3,018 $20,875 $(17,652)$3,223 
Developed technology83,211 (56,589)26,622 83,211 (69,812)13,399 
Customer relationships6,459 (3,087)3,372 6,459 (4,007)2,452 
Intangible assets, net$108,795 $(75,783)$33,012 $110,545 $(91,471)$19,074 
Intangible assets amortization expense was $16.5 million, $16.2 million and $15.7 million for fiscal 2023, 2024 and 2025, respectively. At the end of fiscal 2025, the weighted-average remaining amortization period was 0.9 year for technology patents, 1.0 year for developed technology, and 2.7 years for customer relationships. We record amortization of technology patents in general and administrative expenses due to their defensive nature, developed technology in cost of product revenue, and customer relationships in sales and marketing expenses in the consolidated statements of operations.
At the end of fiscal 2025, future expected amortization expense for intangible assets is as follows (in thousands):
Fiscal Years Ending Future Expected 
Amortization
Expense
2026$13,267 
20273,543 
20281,498 
2029604 
2030162 
Total$19,074 
Goodwill
Goodwill was $361.4 million at the end of fiscal 2024 and 2025. There were no impairments to goodwill during fiscal 2023, 2024 and 2025.
Accrued Expenses and Other Liabilities
Accrued expenses and other liabilities consist of the following (in thousands):
 At the End of Fiscal
 20242025
Taxes payable $13,097 $16,176 
Accrued marketing18,438 26,619 
Engineering-related accruals (1)
5,973 12,802 
Supply chain-related accruals (2)
25,962 19,927 
Accrued service logistics and professional services9,636 10,286 
Finance lease liabilities, current4,204 387 
Customer deposits from contracts with customers23,534 31,143 
Other accrued liabilities34,911 39,451 
Total accrued expenses and other liabilities$135,755 $156,791 
_________________________________
(1) Primarily consists of subscription cloud services and outside services costs.
(2) Primarily consists of accruals related to our inventory and inventory purchase commitments with our contract manufacturers.