v3.20.2
Supplemental Financial Information
 9 Months Ended
Oct. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Supplemental Financial Information Supplemental Financial Information (in thousands)
Consolidated Balance Sheets
 
October 31,
2020		February 1,
2020
Inventories:
Work-in-process$181,961 $216,496 
Finished goods86,435 106,484 
               Inventories$268,396 $322,980 


October 31,
2020		February 1,
2020
Property and equipment, net:
Machinery and equipment$677,843 $686,351 
Land, buildings, and leasehold improvements288,859 285,084 
Computer software101,955 100,613 
Furniture and fixtures27,152 24,582 
1,095,809 1,096,630 
Less: Accumulated depreciation and amortization(764,040)(739,538)
               Property and equipment, net$331,769 $357,092 


October 31,
2020		February 1,
2020
Other non-current assets:
Technology and other licenses$218,666 $277,634 
Operating right-of-use assets108,659 110,907 
Prepaid ship and debit *88,989 75,362 
Other53,788 32,947 
               Other non-current assets$470,102 $496,850 

* Prepaid ship and debit of $89.0 million and $75.4 million as of October 31, 2020 and February 1, 2020, respectively, relate to certain prepaid distributor arrangements for ship and debit claims.
 October 31,
2020		February 1,
2020
Accrued liabilities:
Contract liabilities $132,850 $111,486 
Technology license obligations81,182 71,623 
Deferred non-recurring engineering credits47,804 51,109 
Lease liabilities-current32,134 28,662 
Accrued restructuring20,919 14,302 
Deferred revenue19,466 5,647 
Accrued interest19,085 7,892 
Other53,546 55,918 
               Accrued liabilities$406,986 $346,639 


October 31,
2020		February 1,
2020
Other non-current liabilities
Lease liabilities-non current $111,760 $115,778 
Technology license obligations72,896 107,893 
Deferred tax liabilities 37,645 31,233 
Non-current income tax payable 26,263 37,983 
Other25,706 12,578 
               Other non-current liabilities $274,270 $305,465 


Accumulated Other Comprehensive Income

The changes in accumulated other comprehensive income by components for the current period are presented in the following table:
 Unrealized Gain
(Loss) on Cash
Flow Hedges
Balance at February 1, 2020$— 
Other comprehensive income before reclassifications1,214 
Amounts reclassified from accumulated other comprehensive income (1,214)
Net current-period other comprehensive income, net of tax— 
Balance at October 31, 2020$— 


 Unrealized Gain
(Loss) on Cash
Flow Hedges
Balance at February 2, 2019$— 
Other comprehensive income before reclassifications— 
Amounts reclassified from accumulated other comprehensive income 37 
Net current-period other comprehensive income, net of tax37 
Balance at November 2, 2019$37 
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 October 31, 2020, 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 repurchased 1.3 million of its common shares for $25.2 million during the nine months ended October 31, 2020. The Company temporarily suspended the share repurchase program in late March 2020 as the Company believed it was prudent to strengthen its liquidity to increase its cash balance during the macroeconomic environment affected by COVID-19. The share repurchase program remains temporarily suspended in anticipation of the funding of the Company's acquisition of Inphi. As a result, the Company did not repurchase any shares during the three months ended October 31, 2020. The Company repurchased 3.0 million of its common shares for $64.3 million during the nine months ended November 2, 2019. 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.