Inventories

12 Months Ended

Jan. 28, 2024

Inventory Disclosure [Abstract]

Inventories

Inventories

Inventories, consisting of material, material overhead, labor, and manufacturing overhead, are stated at the lower of cost (first-in, first-out) or net realizable value and consisted of the following:

(in thousands)	January 28, 2024		January 29, 2023
Raw materials and electronic components	$	46,425	$	76,919
Work in progress	69,404		88,764
Finished goods	29,163		42,021
Total inventories	$	144,992	$	207,704

In fiscal year 2024, the Company recorded $3.3 million of amortization of inventory step-up related to the Sierra Wireless Acquisition in “Cost of sales” in the Statements of Operations.