XML 43 R32.htm IDEA: XBRL DOCUMENT v3.25.1
Goodwill and Intangible Assets (Tables)
3 Months Ended
Apr. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amounts of 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 
Schedule of Acquired Finite-Lived Intangible Assets
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 
Finite-lived Intangible Assets Amortization Expense
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 
Schedule of Future Amortization of Intangible Asset
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 
Schedule of Finite-Lived Intangible Assets 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