Goodwill and Purchased Intangible Assets, Net

9 Months Ended

Jan. 23, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets, Net

5. Goodwill and Purchased Intangible Assets, Net

Goodwill activity is summarized as follows (in millions):

Balance as of April 25, 2014	$	988.1
Goodwill acquired		43.2
Balance as of January 23, 2015	$	1,031.3

Purchased intangible assets, net are summarized below (in millions):

	January 23, 2015							April 25, 2014
	Gross		Accumulated			Net		Gross		Accumulated			Net
	Assets		Amortization			Assets		Assets		Amortization			Assets
Developed technology	$	312.4	$	(210.0	)	$	102.4	$	283.0	$	(162.6	)	$	120.4
Customer contracts/relationships		5.0		(2.5	)		2.5		9.6		(9.0	)		0.6
Trademarks and trade names		2.9		(2.8	)		0.1		2.9		(2.4	)		0.5
Covenants not to compete		—		—			—		1.6		(1.6	)		—
Total purchased intangible assets	$	320.3	$	(215.3	)	$	105.0	$	297.1	$	(175.6	)	$	121.5

Amortization expense for purchased intangible assets is summarized below (in millions):

	Three Months Ended				Nine Months Ended				Statement of
	January 23, 2015		January 24, 2014		January 23, 2015		January 24, 2014		Operations Classifications
Developed technology	$	18.9	$	14.2	$	47.4	$	42.8	Cost of revenues
Customer contracts/relationships		0.2		0.3		0.4		1.0	Operating expenses
Trademarks and trade names		0.1		0.1		0.4		0.3	Operating expenses
Covenants not to compete		—		0.1		—		0.4	Operating expenses
	$	19.2	$	14.7	$	48.2	$	44.5

As of January 23, 2015, future amortization expense related to purchased intangible assets is as follows (in millions):

Fiscal Year	Amount
Remainder of 2015	$	15.5
2016		58.4
2017		13.9
2018		9.4
2019		5.2
Thereafter		2.6
Total	$	105.0

- Definition

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

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