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Intangibles, net

9 Months Ended

Jan. 29, 2022

8. Intangibles, net

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


	January 29,		April 30,
	2022		2021
Technology	$	57,495	$	46,850
Licenses		1,008		1,008
Customer relationships		72,702		68,073
Backlog		2,223		—
In-process research and development		550		550
Non-compete agreements		320		320
Trademarks and tradenames		68		68
Other		105		3
Intangibles, gross		134,471		116,872
Less accumulated amortization		(30,646)		(10,604)
Intangibles, net	$	103,825	$	106,268

The weighted average amortization period at January 29, 2022 and April 30, 2021 was four and five years, respectively. Amortization expense for the three and nine months ended January 29, 2022 was $6,911,000 and $20,486,000, respectively. Amortization expense for the three and nine months ended January 30, 2021 was $622,000 and $2,086,000, respectively.

Technology, backlog and customer relationship intangible assets were recognized in conjunction with the Company’s acquisition of Telerob on May 3, 2021. The intangibles recognized in conjunction with the acquisition of Telerob are recorded in Euros, and the balances change in accordance with the foreign currency translation at reporting date. Technology and customer relationship intangible assets were recognized in conjunction with the Company’s acquisition of Arcturus on February 19, 2021. Technology and customer relationship intangible assets were recognized in conjunction with the Company’s acquisition of ISG on February 23, 2021. Refer to Note 18—Business Acquisitions for further details.

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


	Year ending
	April 30,
2022	$	7,565
2023		27,719
2024		26,870
2025		18,156
2026		13,114
	$	93,424