Goodwill and Acquired Intangible Assets, Net

Goodwill and Acquired Intangible Assets, Net

Goodwill

The Company has identified that its business operates as a single operating segment with two components that it has concluded can be aggregated into a single reporting unit. In connection with the restructuring plan the Company announced in November 2016 (see “Note 4 - Restructuring and Other Related Charges”), its Board of Directors approved a plan to sell certain businesses that are classified and reported in the consolidated statement of operations as discontinued operations. As a result, goodwill was allocated to these businesses based on relative fair value since each represents a portion of the Company’s reporting unit (see "Note 3 - Discontinued Operations"), and was eliminated upon divestiture in fiscal year 2018. The Company’s annual test for goodwill impairment as of the last day of the fourth quarter of fiscal 2018 did not result in any impairment charge.

There was no activity from acquisitions recorded to goodwill in fiscal 2018 and 2017. There was activity from divestitures that affected goodwill in fiscal 2018 and 2017 as described above.

Acquired Intangible Assets, Net

The carrying amounts of acquired intangible assets are as follows (in thousands):



		February 3, 2018							January 28, 2017
	Range of Useful Lives	Gross Carrying Amounts		Accumulated Amortization and Write-Offs			Net Carrying Amounts		Gross Carrying Amounts		Accumulated Amortization and Write-Offs			Net Carrying Amounts
Total acquired intangible assets from continuing operations, net:
Purchased and core technology	4 - 8 years	$	25,798	$	(25,798	)	$	—	$	25,798	$	(22,227	)	$	3,571

Intangible assets, along with the related accumulated amortization, are removed from the table above after the end of the fiscal year they become fully amortized. The entire gross value of the acquired intangible assets were fully amortized as of February 3, 2018, and the Company did not acquire any intangibles during fiscal year 2018.

- 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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