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Supplemental Financial Information
 6 Months Ended
Jul. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information (in thousands)
Consolidated Balance Sheets
 
July 31,
2021		January 30,
2021
Inventories:
Work-in-process$372,047 $187,351 
Finished goods87,485 80,877 
               Inventories$459,532 $268,228 

The inventory balance at July 31, 2021 includes $17.6 million related to the remaining inventory fair value adjustment from the Inphi acquisition.
July 31,
2021		January 30,
2021
Property and equipment, net:
Machinery and equipment$812,524 $693,689 
Land, buildings, and leasehold improvements290,671 284,532 
Computer software105,109 103,789 
Furniture and fixtures28,097 26,990 
1,236,401 1,109,000 
Less: Accumulated depreciation and amortization(803,310)(782,875)
               Property and equipment, net$433,091 $326,125 


July 31,
2021		January 30,
2021
Other non-current assets:
Technology and other licenses$323,665 $242,244 
Prepaid ship and debits172,250 131,657 
Operating right-of-use assets142,348 101,411 
Non-marketable equity investments36,506 7,646 
Other43,341 58,611 
               Other non-current assets$718,110 $541,569 

 July 31,
2021		January 30,
2021
Accrued liabilities:
Contract liabilities $190,498 $180,995 
Technology license obligations100,599 71,130 
Deferred non-recurring engineering credits57,049 37,300 
Lease liabilities - current portion39,329 32,461 
Accrued legal reserve27,862 50,101 
Deferred revenue24,855 16,146 
Accrued interest21,563 8,709 
Accrued royalty20,514 12,740 
Other36,945 26,034 
               Accrued liabilities$519,214 $435,616 


July 31,
2021		January 30,
2021
Other non-current liabilities
Lease liabilities-non current $146,145 $104,417 
Technology license obligations128,393 86,241 
Non-current income tax payable 30,943 22,526 
Deferred tax liabilities22,451 22,359 
Other22,226 23,310 
               Other non-current liabilities $350,158 $258,853 
Accumulated Other Comprehensive Income

As of July 31, 2021, there are no changes in accumulated other comprehensive income (loss) by components. The changes in accumulated other comprehensive income (loss) by components for the comparative period are presented in the following table:
 Unrealized Gain
(Loss) on Cash
Flow Hedges
Balance at February 1, 2020$— 
Other comprehensive income before reclassifications1,214 
Amounts reclassified from accumulated other comprehensive income (764)
Net current-period other comprehensive income, net of tax450 
Balance at August 1, 2020$450 

Consolidated Statements of Cash Flows

Noncash consideration paid for the acquisition of Inphi was $6.2 billion during the six months ended July 31, 2021.

Share Repurchase Program

On November 17, 2016, the Company announced that its Board of Directors authorized a $1.0 billion share repurchase plan. The newly authorized stock repurchase program replaced in its entirety the prior $3.25 billion stock repurchase program. On October 16, 2018, the Company announced that its Board of Directors authorized a $700 million addition to the balance of its existing share repurchase program. As of July 31, 2021, there was $564.5 million remaining available for future share repurchases. The Company intends to effect share repurchases in accordance with the conditions of Rule 10b-18 under the Exchange Act, but may also make repurchases in the open market outside of Rule 10b-18 or in privately negotiated transactions. The share repurchase program will be subject to market conditions and other factors, and does not obligate the Company to repurchase any dollar amount or number of its common shares and the repurchase program may be extended, modified, suspended or discontinued at any time.
The Company temporarily suspended the share repurchase program in late March 2020 to preserve cash during the COVID-19 pandemic and the program remains suspended as the Company focuses on reducing its debt and de-levering its balance sheet. As a result, the Company did not repurchase any shares during the three and six months ended July 31, 2021. The Company repurchased 1.3 million of its common shares for $25.2 million during the six months ended August 1, 2020. The Company records all repurchases, as well as investment purchases and sales, based on their trade date. The repurchased shares are retired immediately after repurchases are completed.