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Intangibles, net

3 Months Ended

Oct. 31, 2020

8. Intangibles, net

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


	October 31,		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		(5,557)		(4,133)
Intangibles, net	$	12,213	$	13,637

The weighted average amortization period at October 31, 2020 and April 30, 2020 was four years. Amortization expense for the three and six months ended October 31, 2020 was $715,000 and $1,424,000, respectively. Amortization expense for the three and six months ended October 26, 2019 was $755,000 and $1,327,000, 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	$	1,380
2022		2,829
2023		2,688
2024		2,629
2025		2,492
	$	12,018