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Goodwill and Intangible Assets

3 Months Ended

Apr. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill – Changes in the carrying amount of goodwill by applicable reporting unit were as follows:



(in thousands)	Signal Integrity		Wireless and Sensing		Protection		Total
Balance at January 27, 2019	$	274,085	$	72,128	$	4,928	$	351,141
Additions	—		—		—		—
Balance at April 28, 2019	$	274,085	$	72,128	$	4,928	$	351,141

The reporting units are the same as the operating segments which are part of a single reportable segment. The difference between the fair value and the carrying amount of these reporting units is one of several factors the Company considers when assessing whether to perform the first step of the goodwill impairment test.

Goodwill is tested for impairment at the reporting unit level during the fourth quarter of each fiscal year. In addition to its annual review, the Company performs a test of impairment when indicators of impairment are present. As of April 28, 2019, there was no indication of impairment of the Company's goodwill balances.

Purchased Intangibles – The following table sets forth the Company’s finite-lived intangible assets resulting from business acquisitions, which continue to be amortized:



		April 28, 2019							January 27, 2019
(in thousands)	Estimated Useful Life	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Core technologies	5-8 years	$	167,930	$	(140,704	)	$	27,226	$	167,930	$	(136,544	)	$	31,386
Customer relationships	3-10 years	34,031		(32,142		)	1,889		34,031		(31,159		)	2,872
Total finite-lived intangible assets		$	201,961	$	(172,846	)	$	29,115	$	201,961	$	(167,703	)	$	34,258

Amortization expenses recorded in the Statements of Income for each period were as follows:



	Three Months Ended
(in thousands)	April 28, 2019		April 29, 2018
Core technologies	$	4,160	$	5,528
Customer relationships	983		1,433
Total amortization expense	$	5,143	$	6,961

The following table sets forth the Company’s indefinite-lived intangible assets resulting from additions to in-process research and development:



(in thousands)	Net Carrying Value
Value at January 27, 2019	$	2,300
In-process research and development through acquisitions	—
Value at April 28, 2019	$	2,300

Indefinite-lived intangible assets are tested for impairment annually on the first day of the fourth quarter or more frequently if events or changes in circumstances (each, a “triggering event”) would more likely than not reduce the carrying value of the asset below its fair value, calculated as the future discounted cash flows that asset is expected to generate. Management did not identify any triggering events during the quarter ended April 28, 2019, that would require an interim impairment analysis.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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