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Intangibles, net

3 Months Ended

Aug. 01, 2020

8. Intangibles, net

The components of intangibles are as follows (in thousands):


	August 1,		April 30,
	2020		2020
Technology	$	14,950	$	14,950
Licenses		1,006		1,006
Customer relationships		873		873
In-process research and development		550		550
Non-compete agreements		320		320
Trademarks and tradenames		68		68
Other		3		3
Intangibles, gross		17,770		17,770
Less accumulated amortization		(4,842)		(4,133)
Intangibles, net	$	12,928	$	13,637

The weighted average amortization period at August 1, 2020 and April 30, 2020 was four years. Amortization expense for the three months ended August 1, 2020 and July 27, 2019 was $709,000 and $552,000, respectively.

Technology, in-process research and development, customer relationships, trademarks and tradenames, and non-compete agreements were recognized in conjunction with the Company’s acquisition of Pulse on June 10, 2019. Refer to Note 17—Business Acquisitions for further details.

Estimated amortization expense for the next five years is as follows (in thousands):


	Year ending
	April 30,
2021	$	2,079
2022		2,829
2023		2,688
2024		2,629
2025		2,492
	$	12,717