Marvell Technology 10-Q 29 May 20 2021 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	May 02, 2020	May 22, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	May 2, 2020
Document Transition Report	false
Entity File Number	000-30877
Entity Registrant Name	Marvell Technology Group Ltd
Entity Incorporation, State or Country Code	D0
Entity Tax Identification Number	77-0481679
Entity Address, Address Line One	Canon’s Court, 22 Victoria Street
Entity Address, City or Town	Hamilton
Entity Address, Postal Zip Code	HM 12
Entity Address, Country	BM
City Area Code	441
Local Phone Number	296-6395
Title of 12(b) Security	Common Stock, par value $0.002 per share
Trading Symbol	MRVL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		665,300,000
Amendment Flag	false
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001058057
Current Fiscal Year End Date	--01-30

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Current assets:
Cash and cash equivalents	$ 667,548	$ 647,604
Accounts receivable, net	468,760	492,346
Inventories	270,374	322,980
Prepaid expenses and other current assets	72,282	74,567
Total current assets	1,478,964	1,537,497
Property and equipment, net	348,066	357,092
Goodwill	5,337,405	5,337,405
Acquired intangible assets, net	2,651,678	2,764,600
Deferred tax assets	639,470	639,791
Other non-current assets	525,946	496,850
Total assets	10,981,529	11,133,235
Current liabilities:
Accounts payable	185,711	213,747
Accrued liabilities	380,653	346,639
Accrued employee compensation	124,277	149,780
Total current liabilities	690,641	710,166
Long-term debt	1,439,852	1,439,024
Deferred tax liabilities	33,284	31,233
Other non-current liabilities	282,130	274,232
Total liabilities	2,445,907	2,454,655
Commitments and contingencies (Note 10)
Shareholders’ equity:
Common shares, $0.002 par value	1,330	1,328
Additional paid-in capital	6,144,907	6,135,939
Accumulated other comprehensive income	868	0
Retained earnings	2,388,517	2,541,313
Total shareholders’ equity	8,535,622	8,678,580
Total liabilities and shareholders’ equity	$ 10,981,529	$ 11,133,235

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	May 02, 2020	Feb. 01, 2020
Statement of Financial Position [Abstract]
Common shares, par value (in usd per share)	$ 0.002	$ 0.002

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Income Statement [Abstract]
Net revenue	$ 693,641	$ 662,452
Cost of goods sold	366,739	301,024
Gross profit	326,902	361,428
Operating expenses:
Research and development	279,584	266,867
Selling, general and administrative	122,027	110,005
Restructuring related charges	21,287	5,682
Total operating expenses	422,898	382,554
Operating loss	(95,996)	(21,126)
Interest income	1,058	1,268
Interest expense	(16,830)	(21,203)
Other income (loss), net	3,754	(116)
Interest and other income (loss), net	(12,018)	(20,051)
Loss before income taxes	(108,014)	(41,177)
Provision for income taxes	5,019	7,273
Net loss	$ (113,033)	$ (48,450)
Net income (loss) per share - Basic (in usd per share)	$ (0.17)	$ (0.07)
Net income (loss) per share - Diluted (in usd per share)	$ (0.17)	$ (0.07)
Weighted-average shares:
Basic (in shares)	663,547	658,963
Diluted (in shares)	663,547	658,963

UNAUDITED CONDENSED CONSOLIDA_4

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Statement of Comprehensive Income [Abstract]
Net loss	$ (113,033)	$ (48,450)
Other comprehensive income, net of tax:
Net change in unrealized gain (loss) on cash flow hedges	868	0
Other comprehensive income, net of tax	868	0
Comprehensive loss, net of tax	$ (112,165)	$ (48,450)

UNAUDITED CONDENSED CONSOLIDA_5

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Additional Paid-in-Capital	Accumulated Other Comprehensive Income	Retained Earnings
Balance at beginning of period (in shares) at Feb. 02, 2019		658,514
Balance at beginning of period at Feb. 02, 2019	$ 7,306,410	$ 1,317	$ 6,188,598	$ 0	$ 1,116,495
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares in connection with equity incentive plans (in shares)		5,120
Issuance of common shares in connection with equity incentive plans	30,996	$ 11	30,985
Tax withholdings related to net share settlement of restricted stock units	(28,756)		(28,756)
Share-based compensation	59,422		59,422
Repurchase of common stock (in shares)		(2,359)
Repurchase of common stock	(50,023)	$ (5)	(50,018)
Cash dividends declared and paid ($0.06 per share)	(39,467)				(39,467)
Net loss	(48,450)				(48,450)
Other comprehensive income	0
Balance at end of period (in shares) at May. 04, 2019		661,275
Balance at end of period at May. 04, 2019	7,230,132	$ 1,323	6,200,231	0	1,028,578
Balance at beginning of period (in shares) at Feb. 01, 2020		663,481
Balance at beginning of period at Feb. 01, 2020	8,678,580	$ 1,328	6,135,939	0	2,541,313
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common shares in connection with equity incentive plans (in shares)		2,993
Issuance of common shares in connection with equity incentive plans	5,471	$ 5	5,466
Tax withholdings related to net share settlement of restricted stock units	(31,498)		(31,498)
Share-based compensation	60,199		60,199
Repurchase of common stock (in shares)		(1,251)
Repurchase of common stock	(25,202)	$ (3)	(25,199)
Cash dividends declared and paid ($0.06 per share)	(39,763)				(39,763)
Net loss	(113,033)				(113,033)
Other comprehensive income	868			868
Balance at end of period (in shares) at May. 02, 2020		665,223
Balance at end of period at May. 02, 2020	$ 8,535,622	$ 1,330	$ 6,144,907	$ 868	$ 2,388,517

UNAUDITED CONDENSED CONSOLIDA_6

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	3 Months Ended
	May 02, 2020	May 04, 2019
Statement of Stockholders' Equity [Abstract]
Cash dividends declared (in usd per share)	$ 0.06	$ 0.06
Cash dividends paid (in usd per share)	$ 0.06	$ 0.06

UNAUDITED CONDENSED CONSOLIDA_7

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Cash flows from operating activities:
Net loss	$ (113,033)	$ (48,450)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	50,483	38,654
Share-based compensation	59,687	58,598
Amortization of acquired intangible assets	112,922	79,740
Amortization of inventory fair value adjustment associated with acquisitions	17,284	0
Other expense, net	11,451	12,577
Deferred income taxes	2,372	4,356
Changes in assets and liabilities:
Accounts receivable	23,586	22,775
Inventories	35,834	15,848
Prepaid expenses and other assets	(6,694)	8,004
Accounts payable	(3,557)	(1,873)
Accrued liabilities and other non-current liabilities	10,796	(30,929)
Accrued employee compensation	(25,503)	6,516
Net cash provided by operating activities	175,628	165,816
Cash flows from investing activities:
Purchases of technology licenses	(3,684)	(1,484)
Purchases of property and equipment	(35,343)	(19,183)
Other, net	665	(342)
Net cash used in investing activities	(38,362)	(21,009)
Cash flows from financing activities:
Repurchases of common stock	(25,202)	(48,022)
Proceeds from employee stock plans	5,458	31,084
Tax withholding paid on behalf of employees for net share settlement	(31,501)	(28,758)
Dividend payments to shareholders	(39,763)	(39,467)
Payments on technology license obligations	(23,807)	(15,268)
Principal payments of debt	0	(50,000)
Other, net	(2,507)	(4,893)
Net cash used in financing activities	(117,322)	(155,324)
Net increase (decrease) in cash and cash equivalents	19,944	(10,517)
Cash and cash equivalents at beginning of period	647,604	582,410
Cash and cash equivalents at end of period	667,548	571,893
Depreciation and amortization	$ 50,483	$ 38,654

Basis of Presentation

Basis of Presentation	3 Months Ended
	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited condensed consolidated financial statements of Marvell Technology Group Ltd., a Bermuda exempted company, and its wholly owned subsidiaries (the “Company”), as of and for the three months ended May 2, 2020, have been prepared as required by the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted as permitted by the SEC. These unaudited condensed consolidated financial statements and related notes should be read in conjunction with the Company's fiscal year 2020 audited financial statements included in the Company's Annual Report on Form 10-K for the fiscal year ended February 1, 2020. In the opinion of management, the financial statements include all adjustments, including normal recurring adjustments and other adjustments, that are considered necessary for fair presentation of the Company’s financial position and results of operations. All inter-company accounts and transactions have been eliminated. Operating results for the periods presented herein are not necessarily indicative of the results that may be expected for the entire year. Certain prior year amounts have been reclassified to conform to current year presentation. These amounts were not material to any of the periods presented. These financial statements should also be read in conjunction with the Company’s critical accounting policies included in the Company’s Annual Report on Form 10-K for the year ended February 1, 2020 and those included in this Form 10-Q below. The Company’s fiscal year is the 52- or 53-week period ending on the Saturday closest to January 31. Accordingly, every fifth or sixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the fourth quarter, making such quarter consist of 14 weeks. Fiscal 2020 had a 52-week year. Fiscal 2021 is a 52-week year.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	May 02, 2020
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Accounting Pronouncements Recently Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued a new standard requiring financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard eliminates the probable initial recognition threshold and reflects an entity’s current estimate of all expected credit losses. The measurement of expected credit losses is based on historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. In August 2018, the FASB issued an accounting standards update to align the requirements for capitalizing implementation costs incurred in a software hosting arrangement that is a service contract and costs to develop or obtain internal-use software. The new standard was adopted by the Company on February 2, 2020 on a prospective basis and did not have a material effect on the Company's consolidated financial statements. In August 2018, the FASB issued an accounting standards update that modifies the disclosure requirements on fair value measurements. The new guidance adds, modifies and removes certain fair value measurement disclosure requirements. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. In November 2018, the FASB issued an accounting standards update that clarifies when transactions between participants in a collaborative arrangement are within the scope of the new revenue recognition standard that the Company adopted at the beginning of fiscal 2019. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. Accounting Pronouncements Not Yet Effective In December 2019, the FASB issued an accounting standards update that simplifies the accounting for income taxes by eliminating certain exceptions related to the approach for intraperiod tax allocation and modified the methodology for calculating income taxes in an interim period. It also clarifies and simplifies other aspects of the accounting for income taxes. The guidance is effective for the Company beginning in the first quarter of fiscal year 2022, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material effect on its consolidated financial statements.

Business Combinations

Business Combinations	3 Months Ended
	May 02, 2020
Business Combinations [Abstract]
Business Combinations	Business Combinations Avera. On November 5, 2019, the Company completed the acquisition of Avera, the ASIC business of GlobalFoundries. Avera is a leading provider of ASIC semiconductor solutions. The Company acquired Avera to expand its ASIC design capabilities. Total purchase consideration consisted of cash consideration paid to GlobalFoundries of $593.5 million, net of working capital and other adjustments. An additional $90 million in cash would have been paid to acquire additional assets if certain conditions were satisfied. GlobalFoundries and the Company have disagreed whether the necessary conditions have been satisfied and have been discussing the resolution of the matter. The purchase consideration allocation set forth herein is preliminary and may be revised as additional information becomes available during the measurement period of up to 12 months from the closing date of the acquisition. Any such revisions or changes may be material. The purchase price allocation is as follows (in thousands): Inventories $ 106,465 Prepaid expenses and other current assets 17,495 Property and equipment, net 25,677 Acquired intangible assets, net 379,000 Other non-current assets 6,870 Goodwill 129,392 Accrued liabilities (64,155) Deferred tax liabilities (6,594) Other non-current liabilities (650) $ 593,500 The Company incurred total acquisition related costs of $5.7 million which were recorded in selling, general and administrative expense in the unaudited condensed consolidated statements of operations. Aquantia Corp. On September 19, 2019, the Company completed the acquisition of Aquantia. Aquantia is a manufacturer of high speed transceivers which includes copper and optical physical layer products. The Company acquired Aquantia to further its position in automatic in-vehicle networking and strengthen its multi-gig ethernet PHY portfolio for enterprise infrastructure, data center and access application. The total consideration paid to acquire Aquantia, which consisted of cash and share based compensation awards was approximately $502.2 million. The merger consideration allocation set forth herein is preliminary and may be revised as additional information becomes available during the measurement period of up to 12 months from the closing date of the acquisition. Any such revisions or changes may be material. The purchase price allocation is as follows (in thousands): Cash and short term investments $ 27,914 Inventory 33,900 Acquired intangible assets 193,000 Goodwill 227,594 Other non-current assets 35,123 Accrued liabilities (21,813) Other, net 6,471 Total merger consideration $ 502,189 The Company incurred total acquisition related costs of $5.3 million, which were recorded in selling, general and administrative expense in the unaudited condensed consolidated statements of operations. Unaudited Supplemental Pro Forma Information The unaudited supplemental pro forma financial information presented below is for illustrative purposes only and is not necessarily indicative of the financial position or results of operations that would have been realized if the acquisitions had been completed on the date indicated, does not reflect synergies that might have been achieved, nor is it indicative of future operating results or financial position. The pro forma adjustments are based upon currently available information and certain assumptions the Company believes are reasonable under the circumstances. The following unaudited supplemental pro forma information presents the combined results of operations for each of the periods presented, as if Avera and Aquantia had been acquired as of the beginning of fiscal year 2019. The unaudited supplemental pro forma information includes adjustments to amortization and depreciation for acquired intangible assets and property and equipment, adjustments to share-based compensation expense, the purchase accounting effect on inventories acquired, interest expense, and transaction costs. The unaudited supplemental pro forma information presented below is for informational purposes only and is not necessarily indicative of our unaudited condensed consolidated results of operations of the combined business had the Avera and Aquantia acquisitions actually occurred at the beginning of fiscal year 2019 or of the results of our future operations of the combined business. The unaudited supplemental pro forma financial information for the periods presented is as follows (in thousands): Three Months Ended ​ May 4, 2019 Pro forma net revenue $ 758,006 Pro forma net loss $ (86,738)

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	3 Months Ended
	May 02, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets, Net	Goodwill and Acquired Intangible Assets, Net Goodwill Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired in a business combination. The carrying value of goodwill as of May 2, 2020 and February 1, 2020 is $5.3 billion. See “Note 3 - Business Combinations” for discussion of the acquisitions. Acquired Intangible Assets, Net In connection with the Cavium acquisition on July 6, 2018, the Aquantia acquisition on September 19, 2019 and the Avera acquisition on November 5, 2019, the Company acquired $3.3 billion of intangible assets. As of May 2, 2020 and February 1, 2020, net carrying amounts are as follows (in thousands, except for weighted-average remaining amortization period): May 2, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (500,301) $ 2,010,699 6.18 Customer contracts and related relationships 643,000 (153,916) 489,084 6.36 Trade names 23,000 (10,105) 12,895 2.75 Total acquired amortizable intangible assets $ 3,177,000 $ (664,322) $ 2,512,678 6.20 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (664,322) $ 2,651,678 February 1, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (413,735) $ 2,097,265 6.41 Customer contracts and related relationships 643,000 (128,939) 514,061 6.61 Trade names 23,000 (8,726) 14,274 2.96 Total acquired amortizable intangible assets $ 3,177,000 $ (551,400) $ 2,625,600 6.43 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (551,400) $ 2,764,600 The intangible assets are amortized on a straight-line basis over the estimated useful lives, except for certain Cavium customer contracts and related relationships, which are amortized using an accelerated method of amortization over the expected customer lives, which more closely align with the pattern of realization of economic benefits expected to be obtained. The IPR&D will be accounted for as an indefinite-lived intangible asset and will not be amortized until the underlying projects reach technological feasibility and commercial production at which point the IPR&D will be amortized over the estimated useful life. Useful lives for these IPR&D projects are expected to range between 3 to 10 years. In the event the IPR&D is abandoned the related assets will be written off. Amortization for acquired intangible assets for the three months ended May 2, 2020 was $112.9 million. Amortization expense for acquired intangible assets for the three months ended May 4, 2019 was $79.7 million. The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of May 2, 2020 (in thousands): Fiscal Year Amount Remainder of 2021 $ 338,764 2022 441,969 2023 428,891 2024 399,920 2025 354,012 Thereafter 549,122 $ 2,512,678

Restructuring and Other Related

Restructuring and Other Related Charges	3 Months Ended
	May 02, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Charges	Restructuring and Other Related Charges The Company continuously evaluates its existing operations to increase operational efficiency, decrease costs and increase profitability. The Company recorded restructuring and other related charges of $21.3 million for the three months ended May 2, 2020. The Company expects to complete these restructuring actions by the end of fiscal 2021. The Company recorded restructuring and other related charges of $5.7 million for the three months ended May 4, 2019. The following table presents details related to the restructuring related charges as presented in the unaudited condensed consolidated statements of operations (in thousands): Three Months Ended May 2, 2020 May 4, 2019 Severance and related costs $ 17,003 $ 1,488 Facilities and related costs 1,131 478 Other exit-related costs 400 191 18,534 2,157 Release of reserves: Facilities and related costs (70) (188) Other exit-related costs — (127) Other restructuring charges: Impairment of equipment and other — 633 Right-of-use asset amortization and impairment 2,823 3,207 $ 21,287 $ 5,682 The following table sets forth a reconciliation of the beginning and ending restructuring liability balances by each major type of cost associated with the restructuring charges (in thousands): Severance and related costs Facilities and related costs Other exit-related costs Total Balance at February 1, 2020 $ 13,228 $ 653 $ 547 $ 14,428 Restructuring charges 17,003 1,131 400 18,534 Net cash payments (21,132) (1,229) (333) (22,694) Release of reserves — (70) — (70) Exchange rate adjustment (21) — — (21) Balance at May 2, 2020 9,078 485 614 10,177 Less: non-current portion — 104 — 104 Current portion $ 9,078 $ 381 $ 614 $ 10,073 The remaining accrued severance and related costs and the other exit-related costs are expected to be paid in fiscal 2021. The remaining accrued facility and related costs includes remaining payments under lease obligations related to vacated space that are expected to be paid through fiscal 2023.

Revenue

Revenue	3 Months Ended
	May 02, 2020
Revenue from Contract with Customer [Abstract]
Revenue	Revenue The majority of the Company's revenue is generated from sales of the Company’s products. The following table summarizes net revenue disaggregated by product group (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue by product group: Networking (1) $ 393,920 57 % $ 341,344 52 % Storage (2) 258,688 37 % 278,667 42 % Other (3) 41,033 6 % 42,441 6 % $ 693,641 $ 662,452 1) Networking products are comprised primarily of Ethernet Solutions, Embedded Processors and Custom ASICs. 2) Storage products are comprised primarily of Storage Controllers and Fibre Channel Adapters. 3) Other products are comprised primarily of Printer Solutions and Application Processors. The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue based on destination of shipment: China $ 280,146 40 % $ 246,134 37 % United States 81,232 12 % 73,005 11 % Thailand 67,544 10 % 46,666 7 % Malaysia 64,668 9 % 63,320 10 % Singapore 38,706 6 % 11,625 2 % Philippines 24,574 4 % 62,488 9 % Other 136,771 19 % 159,214 24 % $ 693,641 $ 662,452 These destinations of shipment are not necessarily indicative of the geographic location of the Company's end customers or the country in which the Company's end customers sell devices containing the Company's products. For example, a substantial majority of the shipments made to China relate to sales to non-China based customers that have factories or contract manufacturing operations located within China. The following table summarizes net revenue disaggregated by customer type (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue by customer type: Direct customers $ 531,404 77 % $ 514,558 78 % Distributors 162,237 23 % 147,894 22 % $ 693,641 $ 662,452 Contract Liabilities Contract liabilities consist of the Company’s obligation to transfer goods or services to a customer for which the Company has received consideration or the amount is due from the customer. As of May 2, 2020, contract liability balances are comprised of variable consideration estimated based on a portfolio basis using the expected value methodology based on analysis of historical data, current economic conditions, and contractual terms. Variable consideration estimates consist of the estimated returns, price discounts, price protection, rebates, and stock rotation programs. As of the end of a reporting period, some of the performance obligations associated with contracts will have been unsatisfied or only partially satisfied. In accordance with the practical expedients available in the guidance, the Company does not disclose the value of unsatisfied performance obligations for contracts with an original expected duration of one year or less. Contract liabilities are included in accrued liabilities in the condensed consolidated balance sheets. The opening balance of contract liabilities at the beginning of the first quarter of fiscal year 2021 was $111.5 million. During the three months ended May 2, 2020, contract liabilities increased by $188.1 million associated with variable consideration estimates, offset by $193.2 million decrease in such reserves primarily due to credit memos issued to customers. The ending balance of contract liabilities as of the first quarter of fiscal year 2021 was $106.4 million. The amount of revenue recognized during the three months ended May 2, 2020 that was included in the contract liabilities balance at February 1, 2020 was not material. Sales Commissions The Company has elected to apply the practical expedient to expense commissions when incurred as the amortization period is typically one year or less. These costs are recorded in selling, general and administrative expenses in the unaudited condensed consolidated statements of operations.

Supplemental Financial Informat

Supplemental Financial Information	3 Months Ended
	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Supplemental Financial Information	Supplemental Financial Information (in thousands) Consolidated Balance Sheets May 2, February 1, Inventories: Work-in-process $ 196,501 $ 216,496 Finished goods 73,873 106,484 Inventories $ 270,374 $ 322,980 May 2, February 1, Property and equipment, net: Machinery and equipment $ 689,443 $ 686,351 Land, buildings, and leasehold improvements 287,429 285,084 Computer software 101,865 100,613 Furniture and fixtures 24,725 24,582 1,103,462 1,096,630 Less: Accumulated depreciation and amortization (755,396) (739,538) Property and equipment, net $ 348,066 $ 357,092 May 2, February 1, Other non-current assets: Technology and other licenses $ 283,335 $ 277,634 Operating right-of-use assets 124,752 110,907 Prepaid ship and debit * 74,599 75,362 Other 43,260 32,947 Other non-current assets $ 525,946 $ 496,850 * Prepaid ship and debit of $74.6 million and $75.4 million as of May 2, 2020 and February 1, 2020, respectively, relate to certain prepaid distributor arrangements for ship and debit claims. May 2, February 1, Accrued liabilities: Contract liabilities $ 106,411 $ 111,486 Technology license obligations 85,455 71,623 Deferred non-recurring engineering credits 52,645 51,109 Lease liabilities - current 30,128 28,662 Accrued royalty 13,189 10,927 Accrued restructuring 10,073 14,302 Accrued income tax payable 7,265 6,133 Other 75,487 52,397 Accrued liabilities $ 380,653 $ 346,639 May 2, February 1, Other non-current liabilities Lease liabilities - non current $ 127,195 $ 115,778 Technology license obligations 102,585 107,893 Non-current income tax payable 33,973 37,983 Other 18,377 12,578 Other non-current liabilities $ 282,130 $ 274,232 Accumulated Other Comprehensive Income (Loss) The changes in accumulated other comprehensive income (loss) by components for the current period are presented in the following table: Unrealized Gain Balance at February 1, 2020 $ — Other comprehensive income (loss) before reclassifications 995 Amounts reclassified from accumulated other comprehensive income (loss) (127) Net current-period other comprehensive income, net of tax 868 Balance at May 2, 2020 $ 868 As of May 4, 2019, there were no changes in accumulated other comprehensive income (loss). 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 May 2, 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.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	May 02, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements Fair value is an exit price representing the amount that would be received in the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. As a basis for considering such assumptions, the accounting guidance establishes a three-tier value hierarchy, which prioritizes the inputs used in the valuation methodologies in measuring fair value: Level 1—Observable inputs that reflect quoted prices for identical assets or liabilities in active markets. Level 2—Other inputs that are directly or indirectly observable in the marketplace. Level 3—Unobservable inputs that are supported by little or no market activity. The fair value hierarchy also requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The Company’s Level 1 assets include institutional money-market funds that are classified as cash equivalents and which are valued primarily using quoted market prices. The Company’s Level 2 assets include time deposits, as the market inputs used to value these instruments consist of market yields. In addition, forward contracts and the severance pay fund are classified as Level 2 assets as the valuation inputs are based on quoted prices and market observable data of similar instruments. The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value on a recurring basis. The tables do not include assets and liabilities that are measured at historical cost or any basis other than fair value (in thousands): Fair Value Measurements at May 2, 2020 Level 1 Level 2 Level 3 Total Items measured at fair value on a recurring basis: Assets Cash equivalents: Money market funds $ 3,859 $ — $ — $ 3,859 Time deposits — 26,673 — 26,673 Prepaid expenses and other current assets: Foreign currency forward contracts — 868 — 868 Other non-current assets: Severance pay fund — 700 — 700 Total assets $ 3,859 $ 28,241 $ — $ 32,100 Fair Value Measurements at February 1, 2020 Level 1 Level 2 Level 3 Total Items measured at fair value on a recurring basis: Assets Cash equivalents: Money market funds $ 46,355 $ — $ — $ 46,355 Time deposits — 88,177 — 88,177 Other non-current assets: Severance pay fund — 693 — 693 Total assets $ 46,355 $ 88,870 $ — $ 135,225

Debt

Debt	3 Months Ended
	May 02, 2020
Debt Disclosure [Abstract]
Debt	Debt In connection with the acquisition of Cavium, the Company executed debt agreements in June 2018 to obtain a $900 million term loan, a $500 million revolving credit facility and $1.0 billion of senior unsecured notes. Term Loan and Revolving Credit Facility On June 13, 2018, the Company entered into a credit agreement (“Credit Agreement”) with twelve lenders. The Credit Agreement provides for borrowings of: (i) up to $500.0 million in the form of a revolving line of credit ("Revolving Credit Facility") and (ii) $900.0 million in the form of a term loan (“Term Loan”). The proceeds of the Term Loan were used to fund a portion of the cash consideration for the Cavium acquisition, repay Cavium’s debt, and pay transaction expenses in connection with the Cavium acquisition. The proceeds of the Revolving Credit Facility are intended for general corporate purposes of the Company and its subsidiaries, which may include, among other things, the financing of acquisitions, the refinancing of other indebtedness and the payment of transaction expenses related to the foregoing. As of May 2, 2020, there was no outstanding balance related to the Revolving Credit Facility. Following is further detail of the terms of the various debt agreements. The Term Loan has a three five The Company currently carries debt that rely on the LIBOR as the benchmark rate, with the Term Loan maturing on July 6, 2021. LIBOR is expected to be phased out as a benchmark rate by the end of 2021. The Company expects its debt to continue to use LIBOR until the rate is no longer available or a relevant governmental authority makes a public statement that LIBOR will no longer be available after a certain date. To the extent LIBOR ceases to exist, the Company will need to amend its credit agreements that utilize LIBOR as a factor in determining the interest rate. Currently, there is not a firm timeframe for this change. This update currently has no foreseeable impact on the Company's unaudited condensed consolidated financial statements; however, it may have an effect in the future. The Credit Agreement requires that the Company and its subsidiaries comply, subject to certain exceptions, with covenants relating to customary matters such as creating or permitting certain liens, entering into sale and leaseback transactions, consolidating, merging, liquidating or dissolving, and entering into restrictive agreements. It also prohibits subsidiaries of the Company from incurring additional indebtedness, and requires the Company to comply with a leverage ratio financial covenant as of the end of any fiscal quarter. As of May 2, 2020, the Company was in compliance with all of its debt covenants. Senior Unsecured Notes On June 22, 2018, the Company completed a public offering of (i) $500.0 million aggregate principal amount of the Company's 4.200% Senior Notes due 2023 (the “2023 Notes”) and (ii) $500.0 million aggregate principal amount of the Company's 4.875% Senior Notes due 2028 (the “2028 Notes” and, together with the 2023 Notes, the “Senior Notes”). The 2023 Notes mature on June 22, 2023 and the 2028 Notes mature on June 22, 2028. The stated and effective interest rates for the 2023 Notes are 4.200% and 4.423%, respectively. The stated and effective interest rates for the 2028 Notes are 4.875% and 5.012%, respectively. The Company may redeem the Senior Notes, in whole or in part, at any time prior to their maturity at the redemption prices set forth in Senior Notes. In addition, upon the occurrence of a change of control repurchase event (which involves the occurrence of both a change of control and a ratings event involving the Senior Notes being rated below investment grade), the Company will be required to make an offer to repurchase the Senior Notes at a price equal to 101% of the principal amount of the notes, plus accrued and unpaid interest to, but excluding, the repurchase date. The indenture governing the Senior Notes also contains certain limited covenants restricting the Company’s ability to incur certain liens, enter into certain sale and leaseback transactions and merge or consolidate with any other entity or convey, transfer or lease all or substantially all of the Company’s properties or assets to another person, which, in each case, are subject to certain qualifications and exceptions. Summary of Borrowings and Outstanding Debt The following table summarizes the Company's outstanding debt at May 2, 2020 and February 1, 2020 (in thousands): May 2, 2020 February 1, 2020 Face Value Outstanding: Term Loan $ 450,000 $ 450,000 2023 Notes 500,000 500,000 2028 Notes 500,000 500,000 Total borrowings $ 1,450,000 $ 1,450,000 Less: Unamortized debt discount and issuance cost (10,148) (10,976) Net carrying amount of debt $ 1,439,852 $ 1,439,024 Less: Current portion — — Non-current portion $ 1,439,852 $ 1,439,024 During the three months ended May 2, 2020, the Company recognized $15.4 million of interest expense in its unaudited condensed consolidated statements of operations related to interest, amortization of debt issuance costs and accretion of discount associated with the outstanding Term Loan and Senior Notes. During the three months ended May 4, 2019, the Company recognized $19.3 million of interest expense in its unaudited condensed consolidated statements of operations related to interest, amortization of debt issuance costs and accretion of discount associated with the outstanding Term Loan and Senior Notes. As of May 2, 2020, the aggregate future contractual maturities of the Company's outstanding debt, at face value, were as follows (in thousands): Fiscal Year Amount Remainder of 2021 $ — 2022 450,000 2023 — 2024 500,000 2025 — Thereafter 500,000 Total $ 1,450,000

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	May 02, 2020
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Purchase Commitments Under the Company’s manufacturing relationships with its foundry partners, cancellation of outstanding purchase orders is allowed but requires payment of all costs and expenses incurred through the date of cancellation. As of May 2, 2020, these foundries had incurred approximately $199.6 million of manufacturing costs and expenses relating to the Company’s outstanding purchase orders. Contingencies and Legal Proceedings The Company currently is, and may from time to time become, a party to claims, lawsuits, governmental inquiries, inspections or investigations and other legal proceedings (collectively, “Legal Matters”) arising in the course of its business. Such Legal Matters, even if not meritorious, could result in the expenditure of significant financial and managerial resources. The Company is currently unable to predict the final outcome of its pending Legal Matters and therefore cannot determine the likelihood of loss or estimate a range of possible loss, except with respect to amounts where it has determined a loss is both probable and estimable and has made an accrual. The Company evaluates, at least on a quarterly basis, developments in its Legal Matters that could affect the amount of any accrual, as well as any developments that would result in a loss contingency to become both probable and reasonably estimable. The ultimate outcome of any Legal Matter involves judgments, estimates and inherent uncertainties. An unfavorable outcome in a Legal Matter, particularly in a patent dispute, could require the Company to pay damages or could prevent the Company from selling some of its products in certain jurisdictions. While the Company cannot predict with certainty the results of the Legal Matters in which it is currently involved, the Company does not expect that the ultimate costs to resolve these Legal Matters will individually or in the aggregate have a material adverse effect on its financial condition, however, there can be no assurance that the current or any future Legal Matters will be resolved in a manner that is not adverse to the Company’s business, financial condition, results of operations or cash flows. Indemnities, Commitments and Guarantees During its normal course of business, the Company has made certain indemnities, commitments and guarantees under which it may be required to make payments in relation to certain transactions. These indemnities may include indemnities for general commercial obligations, indemnities to various lessors in connection with facility leases for certain claims arising from such facility or lease, and indemnities to directors and officers of the Company to the maximum extent permitted under the laws of Bermuda. In addition, the Company has contractual commitments to various customers, which could require the Company to incur costs to repair an epidemic defect with respect to its products outside of the normal warranty period if such defect were to occur. The duration of these indemnities, commitments and guarantees varies, and in certain cases, is indefinite. Some of these indemnities, commitments and guarantees do not provide for any limitation of the maximum potential future payments that the Company could be obligated to make. In general, the Company does not record any liability for these indemnities, commitments and guarantees in the accompanying condensed consolidated balance sheets as the amounts cannot be reasonably estimated and are not considered probable. The Company does, however, accrue for losses for any known contingent liability, including those that may arise from indemnification provisions, when future payment is probable and estimable. Intellectual Property Indemnification In addition to the above indemnities, the Company has agreed to indemnify certain customers for claims made against the Company’s products where such claims allege infringement of third-party intellectual property rights, including, but not limited to, patents, registered trademarks, and/or copyrights. Under the aforementioned indemnification clauses, the Company may be obligated to defend the customer and pay for the damages awarded against the customer as well as the attorneys’ fees and costs under an infringement claim. The Company’s indemnification obligations generally do not expire after termination or expiration of the agreement containing the indemnification obligation. Generally, there are limits on and exceptions to the Company’s potential liability for indemnification. Historically the Company has not made significant payments under these indemnification obligations and the Company cannot estimate the amount of potential future payments, if any, that it might be required to make as a result of these agreements. The maximum potential amount of any future payments that the Company could be required to make under these indemnification obligations could be significant.

Income Tax

Income Tax	3 Months Ended
	May 02, 2020
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The Company’s tax provision for interim periods is determined using an estimate of its annual effective tax rate, adjusted for discrete items, if any, that arise during the period. Each quarter, the Company updates its estimate of the annual effective tax rate, and if the estimated annual effective tax rate changes, the Company makes a cumulative adjustment in such period. The Company’s quarterly tax provision, and estimate of its annual effective tax rate, is subject to variation due to several factors, including variability in accurately predicting our pre-tax income or loss and the mix of jurisdictions to which they relate, intercompany transactions, changes in tax laws, the applicability of special tax regimes, changes in how we do business, and acquisitions, as well as the integration of such acquisitions. The Company’s estimated effective tax rate for the year differs from the U.S. statutory rate of 21% primarily due to a substantial portion of its earnings being taxed at rates lower than the U.S. statutory rate. The Company's negative effective tax rate is the result of anticipated annual income tax expense attributed to certain jurisdictions which have pretax income. The Company's effective tax rate was adversely affected by pre-tax losses in certain non-U.S. tax jurisdictions that are benefited at tax rates that are lower than 21%. These losses significantly reduce the Company's pre-tax income without a corresponding reduction in its tax expense, and therefore increase its effective tax rate or in this case cause a negative effective tax rate. The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act was enacted into US federal law on March 27, 2020. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary changes to the prior and future limitations on interest deductions, and technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property. The Company evaluated the provisions of the CARES Act and does not anticipate any material impact on its financial statements. The tax effects of other related foreign government assistance enacted into law this period are also not material to the Company this period. The income tax expense of $5.0 million for the three months ended May 2, 2020 includes a tax benefit from a net reduction in unrecognized tax benefits of $4.6 million, offset by $1.8 million in tax expense due on certain foreign undistributed earnings that were previously considered to be indefinitely reinvested. The income tax expense of $7.3 million for the three months ended May 4, 2019 included a tax benefit from a net reduction in unrecognized tax benefits of $3.2 million, offset by $9.9 million in tax expense on certain foreign undistributed earnings that were previously considered to be indefinitely reinvested. It is reasonably possible that the amount of unrecognized tax benefits could increase or decrease significantly due to changes in tax law in various jurisdictions, new tax audits and changes in the U.S. dollar as compared to foreign currencies within the next 12 months. Excluding these factors, it is reasonably possible that uncertain tax positions may decrease by as much as $15.1 million from the lapse of statutes of limitation in various jurisdictions during the next 12 months. Government tax authorities from several non-U.S. jurisdictions are also examining the Company’s tax returns. The Company believes that it has adequately provided for any reasonably foreseeable outcomes related to its tax audits and that any settlement will not have a material effect on its results at this time. The Company operates under tax incentives in certain countries that may be extended and/or renewed if certain additional requirements are satisfied. The tax incentives are conditional upon meeting certain employment and investment thresholds. There were no cash tax benefits as a result of these tax incentives on foreign taxes for the three months ended May 2, 2020, but foreign taxes were decreased by $0.1 million for the three months ended May 4, 2019. The benefit of the tax incentives on net income per share was less than $0.01 per share for the three months ended May 4, 2019.

Net Loss Per Share

Net Loss Per Share	3 Months Ended
	May 02, 2020
Earnings Per Share [Abstract]
Net Loss Per Share	Net Loss Per Share The Company reports both basic net loss per share, which is based on the weighted-average number of common shares outstanding during the period, and diluted net loss per share, which is based on the weighted-average number of common shares outstanding and potentially dilutive shares outstanding during the period. The computations of basic and diluted net loss per share are presented in the following table (in thousands, except per share amounts): Three Months Ended May 2, May 4, Numerator: Net loss $ (113,033) $ (48,450) Denominator: Weighted-average shares — basic 663,547 658,963 Effect of dilutive securities: Share-based awards — — Weighted-average shares — diluted 663,547 658,963 Net loss per share: Basic $ (0.17) $ (0.07) Diluted $ (0.17) $ (0.07) Potential dilutive securities include dilutive common shares from share-based awards attributable to the assumed exercise of stock options, restricted stock units and employee stock purchase plan shares using the treasury stock method. Under the treasury stock method, potential common shares outstanding are not included in the computation of diluted net income per share if their effect is anti-dilutive. Anti-dilutive potential shares are presented in the following table (in thousands): Three Months Ended May 2, May 4, Weighted-average shares outstanding: Share-based awards 12,416 13,969

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	The unaudited condensed consolidated financial statements of Marvell Technology Group Ltd., a Bermuda exempted company, and its wholly owned subsidiaries (the “Company”), as of and for the three months ended May 2, 2020, have been prepared as required by the U.S. Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted as permitted by the SEC.
Fiscal Period	The Company’s fiscal year is the 52- or 53-week period ending on the Saturday closest to January 31. Accordingly, every fifth or sixth fiscal year will have a 53-week period. The additional week in a 53-week year is added to the fourth quarter, making such quarter consist of 14 weeks. Fiscal 2020 had a 52-week year. Fiscal 2021 is a 52-week year.
Accounting Pronouncements	Accounting Pronouncements Recently Adopted In June 2016, the Financial Accounting Standards Board (“FASB”) issued a new standard requiring financial assets measured at amortized cost be presented at the net amount expected to be collected, through an allowance for credit losses that is deducted from the amortized cost basis. The standard eliminates the probable initial recognition threshold and reflects an entity’s current estimate of all expected credit losses. The measurement of expected credit losses is based on historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the financial assets. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. In August 2018, the FASB issued an accounting standards update to align the requirements for capitalizing implementation costs incurred in a software hosting arrangement that is a service contract and costs to develop or obtain internal-use software. The new standard was adopted by the Company on February 2, 2020 on a prospective basis and did not have a material effect on the Company's consolidated financial statements. In August 2018, the FASB issued an accounting standards update that modifies the disclosure requirements on fair value measurements. The new guidance adds, modifies and removes certain fair value measurement disclosure requirements. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. In November 2018, the FASB issued an accounting standards update that clarifies when transactions between participants in a collaborative arrangement are within the scope of the new revenue recognition standard that the Company adopted at the beginning of fiscal 2019. The new standard was adopted by the Company on February 2, 2020 and did not have a material effect on the Company's consolidated financial statements. Accounting Pronouncements Not Yet Effective In December 2019, the FASB issued an accounting standards update that simplifies the accounting for income taxes by eliminating certain exceptions related to the approach for intraperiod tax allocation and modified the methodology for calculating income taxes in an interim period. It also clarifies and simplifies other aspects of the accounting for income taxes. The guidance is effective for the Company beginning in the first quarter of fiscal year 2022, with early adoption permitted. The Company does not expect the adoption of this guidance to have a material effect on its consolidated financial statements.

Business Combinations (Tables)

Business Combinations (Tables)	3 Months Ended
	May 02, 2020
Business Combinations [Abstract]
Purchase Price Allocation	The purchase price allocation is as follows (in thousands): Inventories $ 106,465 Prepaid expenses and other current assets 17,495 Property and equipment, net 25,677 Acquired intangible assets, net 379,000 Other non-current assets 6,870 Goodwill 129,392 Accrued liabilities (64,155) Deferred tax liabilities (6,594) Other non-current liabilities (650) $ 593,500 The purchase price allocation is as follows (in thousands): Cash and short term investments $ 27,914 Inventory 33,900 Acquired intangible assets 193,000 Goodwill 227,594 Other non-current assets 35,123 Accrued liabilities (21,813) Other, net 6,471 Total merger consideration $ 502,189
Supplemental Pro Forma Financial Information	The unaudited supplemental pro forma financial information for the periods presented is as follows (in thousands): Three Months Ended ​ May 4, 2019 Pro forma net revenue $ 758,006 Pro forma net loss $ (86,738)

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	3 Months Ended
	May 02, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets by Major Class	As of May 2, 2020 and February 1, 2020, net carrying amounts are as follows (in thousands, except for weighted-average remaining amortization period): May 2, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (500,301) $ 2,010,699 6.18 Customer contracts and related relationships 643,000 (153,916) 489,084 6.36 Trade names 23,000 (10,105) 12,895 2.75 Total acquired amortizable intangible assets $ 3,177,000 $ (664,322) $ 2,512,678 6.20 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (664,322) $ 2,651,678 February 1, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (413,735) $ 2,097,265 6.41 Customer contracts and related relationships 643,000 (128,939) 514,061 6.61 Trade names 23,000 (8,726) 14,274 2.96 Total acquired amortizable intangible assets $ 3,177,000 $ (551,400) $ 2,625,600 6.43 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (551,400) $ 2,764,600
Schedule of Indefinite-Lived Intangible Assets	May 2, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (500,301) $ 2,010,699 6.18 Customer contracts and related relationships 643,000 (153,916) 489,084 6.36 Trade names 23,000 (10,105) 12,895 2.75 Total acquired amortizable intangible assets $ 3,177,000 $ (664,322) $ 2,512,678 6.20 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (664,322) $ 2,651,678 February 1, 2020 Gross Carrying Amounts Accumulated Amortization Net Carrying Amounts Weighted-Average Remaining Amortization Period (Years) Developed technologies $ 2,511,000 $ (413,735) $ 2,097,265 6.41 Customer contracts and related relationships 643,000 (128,939) 514,061 6.61 Trade names 23,000 (8,726) 14,274 2.96 Total acquired amortizable intangible assets $ 3,177,000 $ (551,400) $ 2,625,600 6.43 IPR&D 139,000 — 139,000 n/a Total acquired intangible assets $ 3,316,000 $ (551,400) $ 2,764,600
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of May 2, 2020 (in thousands): Fiscal Year Amount Remainder of 2021 $ 338,764 2022 441,969 2023 428,891 2024 399,920 2025 354,012 Thereafter 549,122 $ 2,512,678

Restructuring and Other Relat_2

Restructuring and Other Related Charges (Tables)	3 Months Ended
	May 02, 2020
Restructuring and Related Activities [Abstract]
Summary of Restructuring and Other Related Charges	The following table presents details related to the restructuring related charges as presented in the unaudited condensed consolidated statements of operations (in thousands): Three Months Ended May 2, 2020 May 4, 2019 Severance and related costs $ 17,003 $ 1,488 Facilities and related costs 1,131 478 Other exit-related costs 400 191 18,534 2,157 Release of reserves: Facilities and related costs (70) (188) Other exit-related costs — (127) Other restructuring charges: Impairment of equipment and other — 633 Right-of-use asset amortization and impairment 2,823 3,207 $ 21,287 $ 5,682
Reconciliation of Beginning and Ending Restructuring Liability Balances by Major Type of Costs	The following table sets forth a reconciliation of the beginning and ending restructuring liability balances by each major type of cost associated with the restructuring charges (in thousands): Severance and related costs Facilities and related costs Other exit-related costs Total Balance at February 1, 2020 $ 13,228 $ 653 $ 547 $ 14,428 Restructuring charges 17,003 1,131 400 18,534 Net cash payments (21,132) (1,229) (333) (22,694) Release of reserves — (70) — (70) Exchange rate adjustment (21) — — (21) Balance at May 2, 2020 9,078 485 614 10,177 Less: non-current portion — 104 — 104 Current portion $ 9,078 $ 381 $ 614 $ 10,073

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	May 02, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes net revenue disaggregated by product group (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue by product group: Networking (1) $ 393,920 57 % $ 341,344 52 % Storage (2) 258,688 37 % 278,667 42 % Other (3) 41,033 6 % 42,441 6 % $ 693,641 $ 662,452 1) Networking products are comprised primarily of Ethernet Solutions, Embedded Processors and Custom ASICs. 2) Storage products are comprised primarily of Storage Controllers and Fibre Channel Adapters. 3) Other products are comprised primarily of Printer Solutions and Application Processors. The following table summarizes net revenue disaggregated by primary geographical market based on destination of shipment (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue based on destination of shipment: China $ 280,146 40 % $ 246,134 37 % United States 81,232 12 % 73,005 11 % Thailand 67,544 10 % 46,666 7 % Malaysia 64,668 9 % 63,320 10 % Singapore 38,706 6 % 11,625 2 % Philippines 24,574 4 % 62,488 9 % Other 136,771 19 % 159,214 24 % $ 693,641 $ 662,452 These destinations of shipment are not necessarily indicative of the geographic location of the Company's end customers or the country in which the Company's end customers sell devices containing the Company's products. For example, a substantial majority of the shipments made to China relate to sales to non-China based customers that have factories or contract manufacturing operations located within China. The following table summarizes net revenue disaggregated by customer type (in thousands, except percentages): Three Months Ended Three Months Ended May 2, 2020 % of Total May 4, 2019 % of Total Net revenue by customer type: Direct customers $ 531,404 77 % $ 514,558 78 % Distributors 162,237 23 % 147,894 22 % $ 693,641 $ 662,452

Supplemental Financial Inform_2

Supplemental Financial Information (Tables)	3 Months Ended
	May 02, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Inventories	May 2, February 1, Inventories: Work-in-process $ 196,501 $ 216,496 Finished goods 73,873 106,484 Inventories $ 270,374 $ 322,980
Schedule of Property and Equipment, Net	May 2, February 1, Property and equipment, net: Machinery and equipment $ 689,443 $ 686,351 Land, buildings, and leasehold improvements 287,429 285,084 Computer software 101,865 100,613 Furniture and fixtures 24,725 24,582 1,103,462 1,096,630 Less: Accumulated depreciation and amortization (755,396) (739,538) Property and equipment, net $ 348,066 $ 357,092
Schedule of Other Non-current Assets	May 2, February 1, Other non-current assets: Technology and other licenses $ 283,335 $ 277,634 Operating right-of-use assets 124,752 110,907 Prepaid ship and debit * 74,599 75,362 Other 43,260 32,947 Other non-current assets $ 525,946 $ 496,850 * Prepaid ship and debit of $74.6 million and $75.4 million as of May 2, 2020 and February 1, 2020, respectively, relate to certain prepaid distributor arrangements for ship and debit claims.
Schedule of Current Accrued Liabilities	May 2, February 1, Accrued liabilities: Contract liabilities $ 106,411 $ 111,486 Technology license obligations 85,455 71,623 Deferred non-recurring engineering credits 52,645 51,109 Lease liabilities - current 30,128 28,662 Accrued royalty 13,189 10,927 Accrued restructuring 10,073 14,302 Accrued income tax payable 7,265 6,133 Other 75,487 52,397 Accrued liabilities $ 380,653 $ 346,639
Schedule of Other Non-current Liabilities	May 2, February 1, Other non-current liabilities Lease liabilities - non current $ 127,195 $ 115,778 Technology license obligations 102,585 107,893 Non-current income tax payable 33,973 37,983 Other 18,377 12,578 Other non-current liabilities $ 282,130 $ 274,232
Changes in Accumulated Other Comprehensive Income (Loss) by Components	The changes in accumulated other comprehensive income (loss) by components for the current period are presented in the following table: Unrealized Gain Balance at February 1, 2020 $ — Other comprehensive income (loss) before reclassifications 995 Amounts reclassified from accumulated other comprehensive income (loss) (127) Net current-period other comprehensive income, net of tax 868 Balance at May 2, 2020 $ 868

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	May 02, 2020
Fair Value Disclosures [Abstract]
Fair Value, Assets and Liabilities Measured on Recurring Basis	The tables below set forth, by level, the Company’s assets and liabilities that are measured at fair value on a recurring basis. The tables do not include assets and liabilities that are measured at historical cost or any basis other than fair value (in thousands): Fair Value Measurements at May 2, 2020 Level 1 Level 2 Level 3 Total Items measured at fair value on a recurring basis: Assets Cash equivalents: Money market funds $ 3,859 $ — $ — $ 3,859 Time deposits — 26,673 — 26,673 Prepaid expenses and other current assets: Foreign currency forward contracts — 868 — 868 Other non-current assets: Severance pay fund — 700 — 700 Total assets $ 3,859 $ 28,241 $ — $ 32,100 Fair Value Measurements at February 1, 2020 Level 1 Level 2 Level 3 Total Items measured at fair value on a recurring basis: Assets Cash equivalents: Money market funds $ 46,355 $ — $ — $ 46,355 Time deposits — 88,177 — 88,177 Other non-current assets: Severance pay fund — 693 — 693 Total assets $ 46,355 $ 88,870 $ — $ 135,225

Debt (Tables)

Debt (Tables)	3 Months Ended
	May 02, 2020
Debt Disclosure [Abstract]
Summary of Outstanding Debt	The following table summarizes the Company's outstanding debt at May 2, 2020 and February 1, 2020 (in thousands): May 2, 2020 February 1, 2020 Face Value Outstanding: Term Loan $ 450,000 $ 450,000 2023 Notes 500,000 500,000 2028 Notes 500,000 500,000 Total borrowings $ 1,450,000 $ 1,450,000 Less: Unamortized debt discount and issuance cost (10,148) (10,976) Net carrying amount of debt $ 1,439,852 $ 1,439,024 Less: Current portion — — Non-current portion $ 1,439,852 $ 1,439,024
Aggregate Future Contractual Maturities of Debt	As of May 2, 2020, the aggregate future contractual maturities of the Company's outstanding debt, at face value, were as follows (in thousands): Fiscal Year Amount Remainder of 2021 $ — 2022 450,000 2023 — 2024 500,000 2025 — Thereafter 500,000 Total $ 1,450,000

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	3 Months Ended
	May 02, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The computations of basic and diluted net loss per share are presented in the following table (in thousands, except per share amounts): Three Months Ended May 2, May 4, Numerator: Net loss $ (113,033) $ (48,450) Denominator: Weighted-average shares — basic 663,547 658,963 Effect of dilutive securities: Share-based awards — — Weighted-average shares — diluted 663,547 658,963 Net loss per share: Basic $ (0.17) $ (0.07) Diluted $ (0.17) $ (0.07)
Schedule of Anti-dilutive Potential Shares	Anti-dilutive potential shares are presented in the following table (in thousands): Three Months Ended May 2, May 4, Weighted-average shares outstanding: Share-based awards 12,416 13,969

Business Combinations - Additio

Business Combinations - Additional Information (Details) - USD ($) $ in Millions	Nov. 05, 2019	Sep. 19, 2019
Avera
Business Acquisition [Line Items]
Cash consideration	$ 593.5
Contingent consideration	90
Avera | Selling, General and Administrative
Business Acquisition [Line Items]
Acquisition related costs	$ 5.7
Aquantia
Business Acquisition [Line Items]
Total merger consideration		$ 502.2
Aquantia | Selling, General and Administrative
Business Acquisition [Line Items]
Acquisition related costs		$ 5.3

Business Combinations - Purchas

Business Combinations - Purchase Price Allocation (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020	Nov. 05, 2019	Sep. 19, 2019
Business Acquisition [Line Items]
Goodwill	$ 5,337,405	$ 5,337,405
Avera
Business Acquisition [Line Items]
Inventories			$ 106,465
Prepaid expenses and other current assets			17,495
Property and equipment, net			25,677
Acquired intangible assets, net			379,000
Other non-current assets			6,870
Goodwill			129,392
Accrued liabilities			(64,155)
Deferred tax liabilities			(6,594)
Other non-current liabilities			(650)
Total merger consideration			$ 593,500
Aquantia
Business Acquisition [Line Items]
Cash and short term investments				$ 27,914
Inventories				33,900
Acquired intangible assets, net				193,000
Other non-current assets				35,123
Goodwill				227,594
Accrued liabilities				(21,813)
Other, net				6,471
Total merger consideration				$ 502,189

Business Combinations - Supplem

Business Combinations - Supplemental Pro Forma Information (Details) - Aquantia $ in Thousands	3 Months Ended
	May 04, 2019USD ($)
Business Acquisition [Line Items]
Pro forma net revenue	$ 758,006
Pro forma net loss	$ (86,738)

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets, Net - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		16 Months Ended
	May 02, 2020	May 04, 2019	Nov. 05, 2019	Feb. 01, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 5,337,405			$ 5,337,405
Intangible assets acquired			$ 3,300,000
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period (years)	6 years 2 months 12 days	6 years 5 months 4 days
Amortization of acquired intangible assets	$ 112,922	$ 79,740
IPR&D | Minimum
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period (years)	3 years
IPR&D | Maximum
Finite-Lived Intangible Assets [Line Items]
Weighted average remaining amortization period (years)	10 years

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets, Net - Net Carrying Amounts and Weighted Average Amortization Period (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019	Feb. 01, 2020
Acquired Indefinite-lived Intangible Assets [Line Items]
Indefinite-lived intangible assets (excluding goodwill)	$ 139,000		$ 139,000
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	3,177,000		3,177,000
Accumulated Amortization	(664,322)		(551,400)
Net Carrying Amounts	2,512,678		2,625,600
Gross Carrying Amounts, Total acquired intangible assets	3,316,000		3,316,000
Net Carrying Amounts, Total acquired intangible assets	$ 2,651,678		2,764,600
Weighted-Average Remaining Amortization Period (Years)	6 years 2 months 12 days	6 years 5 months 4 days
Developed technologies
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 2,511,000		2,511,000
Accumulated Amortization	(500,301)		(413,735)
Net Carrying Amounts	$ 2,010,699		2,097,265
Weighted-Average Remaining Amortization Period (Years)	6 years 2 months 4 days	6 years 4 months 28 days
Customer contracts and related relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 643,000		643,000
Accumulated Amortization	(153,916)		(128,939)
Net Carrying Amounts	$ 489,084		514,061
Weighted-Average Remaining Amortization Period (Years)	6 years 4 months 9 days	6 years 7 months 9 days
Trade names
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amounts	$ 23,000		23,000
Accumulated Amortization	(10,105)		(8,726)
Net Carrying Amounts	$ 12,895		$ 14,274
Weighted-Average Remaining Amortization Period (Years)	2 years 9 months	2 years 11 months 15 days

Goodwill and Acquired Intangi_5

Goodwill and Acquired Intangible Assets, Net - Future Amortization (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Remainder of 2021	$ 338,764
2022	441,969
2023	428,891
2024	399,920
2025	354,012
Thereafter	549,122
Net Carrying Amounts	$ 2,512,678	$ 2,625,600

Restructuring and Other Relat_3

Restructuring and Other Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Restructuring and Related Activities [Abstract]
Restructuring and other related charges	$ 21,287	$ 5,682

Restructuring and Other Relat_4

Restructuring and Other Related Charges - Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Restructuring Cost and Reserve [Line Items]
Severance and related costs	$ 17,003	$ 1,488
Facilities and related costs	1,131	478
Other exit-related costs	400	191
Restructuring charges	18,534	2,157
Release of reserves	(70)
Other restructuring charges:
Right-of-use asset amortization and impairment	2,823	3,207
Restructuring and other related charges	21,287	5,682
Equipment And Other
Other restructuring charges:
Impairment of equipment and other	0	633
Severance
Restructuring Cost and Reserve [Line Items]
Restructuring charges	17,003
Release of reserves	0
Facilities and related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	1,131
Release of reserves	(70)	(188)
Other exit-related costs
Restructuring Cost and Reserve [Line Items]
Restructuring charges	400
Release of reserves	$ 0	$ (127)

Restructuring and Other Relat_5

Restructuring and Other Related Charges - Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019	Feb. 01, 2020
Restructuring Reserve [Roll Forward]
Balance at beginning of period	$ 14,428
Restructuring charges	18,534	$ 2,157
Net cash payments	(22,694)
Release of reserves	(70)
Exchange rate adjustment	(21)
Balance at end of period	10,177
Less: non-current portion	104
Accrued restructuring	10,073		$ 14,302
Severance and related costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	13,228
Restructuring charges	17,003
Net cash payments	(21,132)
Release of reserves	0
Exchange rate adjustment	(21)
Balance at end of period	9,078
Less: non-current portion	0
Accrued restructuring	9,078
Facilities and related costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	653
Restructuring charges	1,131
Net cash payments	(1,229)
Release of reserves	(70)	(188)
Exchange rate adjustment	0
Balance at end of period	485
Less: non-current portion	104
Accrued restructuring	381
Other exit-related costs
Restructuring Reserve [Roll Forward]
Balance at beginning of period	547
Restructuring charges	400
Net cash payments	(333)
Release of reserves	0	$ (127)
Exchange rate adjustment	0
Balance at end of period	614
Less: non-current portion	0
Accrued restructuring	$ 614

Revenue - Net Revenue by Produc

Revenue - Net Revenue by Product Group (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 693,641	$ 662,452
Networking
Disaggregation of Revenue [Line Items]
Net revenue	$ 393,920	$ 341,344
Networking | Net revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	57.00%	52.00%
Storage
Disaggregation of Revenue [Line Items]
Net revenue	$ 258,688	$ 278,667
Storage | Net revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	37.00%	42.00%
Other
Disaggregation of Revenue [Line Items]
Net revenue	$ 41,033	$ 42,441
Other | Net revenue | Product Concentration Risk
Disaggregation of Revenue [Line Items]
% of Total	6.00%	6.00%

Revenue - Net Revenue Based on

Revenue - Net Revenue Based on Destination of Shipment (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 693,641	$ 662,452
China
Disaggregation of Revenue [Line Items]
Net revenue	$ 280,146	$ 246,134
China | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	40.00%	37.00%
United States
Disaggregation of Revenue [Line Items]
Net revenue	$ 81,232	$ 73,005
United States | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	12.00%	11.00%
Thailand
Disaggregation of Revenue [Line Items]
Net revenue	$ 67,544	$ 46,666
Thailand | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	10.00%	7.00%
Malaysia
Disaggregation of Revenue [Line Items]
Net revenue	$ 64,668	$ 63,320
Malaysia | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	9.00%	10.00%
Singapore
Disaggregation of Revenue [Line Items]
Net revenue	$ 38,706	$ 11,625
Singapore | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	6.00%	2.00%
Philippines
Disaggregation of Revenue [Line Items]
Net revenue	$ 24,574	$ 62,488
Philippines | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	4.00%	9.00%
Other
Disaggregation of Revenue [Line Items]
Net revenue	$ 136,771	$ 159,214
Other | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	19.00%	24.00%

Revenue - Net Revenue by Custom

Revenue - Net Revenue by Customer Type (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Disaggregation of Revenue [Line Items]
Net revenue	$ 693,641	$ 662,452
Direct customers
Disaggregation of Revenue [Line Items]
Net revenue	$ 531,404	$ 514,558
Direct customers | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	77.00%	78.00%
Distributors
Disaggregation of Revenue [Line Items]
Net revenue	$ 162,237	$ 147,894
Distributors | Revenue from Contract with Customer Benchmark
Disaggregation of Revenue [Line Items]
% of Total	23.00%	22.00%

Revenue - Contract Liabilities

Revenue - Contract Liabilities (Details) $ in Thousands	3 Months Ended
	May 02, 2020USD ($)
Contract Liabilities
Beginning balance	$ 111,500
Variable consideration estimates	188,100
Credit memos issued	193,200
Ending balance	106,400
Revenue recognized	$ 0

Supplemental Financial Inform_3

Supplemental Financial Information - Inventories (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Inventories:
Work-in-process	$ 196,501	$ 216,496
Finished goods	73,873	106,484
Inventories	$ 270,374	$ 322,980

Supplemental Financial Inform_4

Supplemental Financial Information - Property and Equipment, Net (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,103,462	$ 1,096,630
Less: Accumulated depreciation and amortization	(755,396)	(739,538)
Property and equipment, net	348,066	357,092
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	689,443	686,351
Land, buildings, and leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	287,429	285,084
Computer software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	101,865	100,613
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 24,725	$ 24,582

Supplemental Financial Inform_5

Supplemental Financial Information - Other Non-current Assets (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Technology and other licenses	$ 283,335	$ 277,634
Operating right-of-use assets	124,752	110,907
Prepaid ship and debit	74,599	75,362
Other	43,260	32,947
Other non-current assets	$ 525,946	$ 496,850

Supplemental Financial Inform_6

Supplemental Financial Information - Accrued Liabilities (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Accrued liabilities:
Contract liabilities	$ 106,411	$ 111,486
Technology license obligations	85,455	71,623
Deferred non-recurring engineering credits	52,645	51,109
Lease liabilities - current	30,128	28,662
Accrued royalty	13,189	10,927
Accrued restructuring	10,073	14,302
Accrued income tax payable	7,265	6,133
Other	75,487	52,397
Accrued liabilities	$ 380,653	$ 346,639

Supplemental Financial Inform_7

Supplemental Financial Information - Other Non-current Liabilities (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Lease liabilities - non current	$ 127,195	$ 115,778
Technology license obligations	102,585	107,893
Non-current income tax payable	33,973	37,983
Other	18,377	12,578
Other non-current liabilities	$ 282,130	$ 274,232

Supplemental Financial Inform_8

Supplemental Financial Information - Changes in Accumulated Other Comprehensive Income (Loss) by Components (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Increase (Decrease) in AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	$ 8,678,580	$ 7,306,410
Other comprehensive income, net of tax	868	0
Balance at end of period	8,535,622	$ 7,230,132
Unrealized Gain (Loss) on Cash Flow Hedges
Increase (Decrease) in AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at beginning of period	0
Other comprehensive income (loss) before reclassifications	995
Amounts reclassified from accumulated other comprehensive income (loss)	(127)
Other comprehensive income, net of tax	868
Balance at end of period	$ 868

Supplemental Financial Inform_9

Supplemental Financial Information - Share Repurchase Program (Details) - USD ($) shares in Millions	3 Months Ended
	May 02, 2020	May 04, 2019	Oct. 16, 2018	Nov. 17, 2016	Nov. 16, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Authorized repurchase amount				$ 1,000,000,000	$ 3,250,000,000
Stock repurchase program, additional authorized amount			$ 700,000,000
Remaining available for future share repurchases (in shares)	$ 564,500,000
Number of common shares repurchased and retired during period (in shares)	1.3	2.4
Value of common shares repurchased and retired during period	$ 25,200,000	$ 50,000,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Assets
Other non-current assets	$ 700	$ 693
Total assets	32,100	135,225
Foreign currency forward contracts
Assets
Prepaid expenses and other current assets	868
Money market funds
Assets
Cash equivalents	3,859	46,355
Time deposits
Assets
Cash equivalents	26,673	88,177
Level 1
Assets
Other non-current assets	0	0
Total assets	3,859	46,355
Level 1 | Foreign currency forward contracts
Assets
Prepaid expenses and other current assets	0
Level 1 | Money market funds
Assets
Cash equivalents	3,859	46,355
Level 1 | Time deposits
Assets
Cash equivalents	0	0
Level 2
Assets
Other non-current assets	700	693
Total assets	28,241	88,870
Level 2 | Notes
Assets
Estimated aggregate fair value of debt	1,100,000	1,100,000
Level 2 | Foreign currency forward contracts
Assets
Prepaid expenses and other current assets	868
Level 2 | Money market funds
Assets
Cash equivalents	0	0
Level 2 | Time deposits
Assets
Cash equivalents	26,673	88,177
Level 3
Assets
Other non-current assets	0	0
Total assets	0	0
Level 3 | Foreign currency forward contracts
Assets
Prepaid expenses and other current assets	0
Level 3 | Money market funds
Assets
Cash equivalents	0	0
Level 3 | Time deposits
Assets
Cash equivalents	$ 0	$ 0

Debt - Term Loan and Revolving

Debt - Term Loan and Revolving Credit Facility (Details)	3 Months Ended
	May 02, 2020USD ($)	Jun. 13, 2018USD ($)lender
Line of Credit Facility [Line Items]
Line Of Credit Facility, Number Of Lenders | lender		12
Unused commitment fee percentage	0.175%
Line of Credit | Revolving Credit Facility
Line of Credit Facility [Line Items]
Borrowing capacity	$ 500,000,000	$ 500,000,000
Debt term	5 years
Line of Credit | Revolving Credit Facility | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.50%
Term Loan
Line of Credit Facility [Line Items]
Borrowing capacity		$ 900,000,000
Debt term	3 years
Effective interest rate	3.817%
Term Loan | LIBOR
Line of Credit Facility [Line Items]
Basis spread on variable rate (as a percent)	1.375%

Debt - Senior Unsecured Notes (

Debt - Senior Unsecured Notes (Details) - Senior Notes	Jun. 22, 2018USD ($)
Debt Instrument [Line Items]
Aggregate principal amount	$ 1,000,000,000
Redemption price percentage	101.00%
2023 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 500,000,000
Stated interest rate	4.20%
Effective interest rate	4.423%
2028 Notes
Debt Instrument [Line Items]
Aggregate principal amount	$ 500,000,000
Stated interest rate	4.875%
Effective interest rate	5.012%

Debt - Summary of Borrowings an

Debt - Summary of Borrowings and Outstanding Debt (Details) - USD ($) $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019	Feb. 01, 2020
Debt Instrument [Line Items]
Total borrowings	$ 1,450,000		$ 1,450,000
Less: Unamortized debt discount and issuance cost	(10,148)		(10,976)
Net carrying amount of debt	1,439,852		1,439,024
Less: Current portion	0		0
Non-current portion	1,439,852		1,439,024
Interest expense	15,400	$ 19,300
Term Loan
Debt Instrument [Line Items]
Total borrowings	450,000		450,000
Notes | 2023 Notes
Debt Instrument [Line Items]
Total borrowings	500,000		500,000
Notes | 2028 Notes
Debt Instrument [Line Items]
Total borrowings	$ 500,000		$ 500,000

Debt - Future Maturities (Detai

Debt - Future Maturities (Details) - USD ($) $ in Thousands	May 02, 2020	Feb. 01, 2020
Fiscal Year
Remainder of 2021	$ 0
2022	450,000
2023	0
2024	500,000
2025	0
Thereafter	500,000
Total	$ 1,450,000	$ 1,450,000

Commitments and Contingencies (

Commitments and Contingencies (Details) $ in Millions	May 02, 2020USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding purchase orders	$ 199.6

Income Tax (Details)

Income Tax (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	May 02, 2020	May 04, 2019
Income Taxes [Line Items]
Current income tax expense (benefit)	$ 5	$ 7.3
Unrecognized tax benefits decrease	4.6	3.2
Income tax expense, other discrete items	1.8
Tax due on amounts previously considered permanently reinvested		9.9
Uncertain tax positions, decrease from the lapse of statutes of limitation in various jurisdictions during next 12 months	15.1
Tax incentives, decrease in foreign taxes		$ 0.1
Tax incentives, effect on net income per share (less than) (in usd per share)		$ 0.01
Cash, cash equivalents and short-term investments	667.5
Undistributed earnings of foreign subsidiaries	122
Foreign Subsidiaries
Income Taxes [Line Items]
Cash, cash equivalents and short-term investments	$ 484

Net Loss Per Share - Computatio

Net Loss Per Share - Computations of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Numerator:
Net loss	$ (113,033)	$ (48,450)
Denominator:
Weighted average shares — basic (in shares)	663,547	658,963
Effect of dilutive securities:
Share-based awards (in shares)	0	0
Weighted average shares — diluted (in shares)	663,547	658,963
Net loss per share:
Basic (in usd per share)	$ (0.17)	$ (0.07)
Diluted (in usd per share)	$ (0.17)	$ (0.07)

Net Loss Per Share - Anti-dilut

Net Loss Per Share - Anti-dilutive Potential Shares (Details) - shares shares in Thousands	3 Months Ended
	May 02, 2020	May 04, 2019
Earnings Per Share [Abstract]
Share-based awards (in shares)	12,416	13,969