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Intangibles, net

9 Months Ended

Jan. 30, 2021

8. Intangibles, net

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


	January 30,		April 30,
	2021		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		(6,218)		(4,133)
Intangibles, net	$	11,552	$	13,637

The weighted average amortization period at January 30, 2021 and April 30, 2020 was four years. Amortization expense for the three and nine months ended January 30, 2021 was $662,000 and $2,086,000, respectively. Amortization expense for the three and nine months ended January 25, 2020 was $775,000 and $2,102,000, 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	$	707
2022		2,829
2023		2,688
2024		2,629
2025		2,492
	$	11,345