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Intangibles, net

3 Months Ended

Jul. 29, 2023

Intangibles, net

Intangibles, net

7. Intangibles, net

​

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

​

​	​	​	​	​	​	​	​
​	​	July 29,		​	April 30,		​
​		2023			2023		​
Technology	​	$	60,815	​	$	60,817	​
Licenses	​	​	1,008	​	​	1,008	​
Customer relationships	​	​	72,644	​	​	72,645	​
Backlog	​	​	2,894	​	​	2,895	​
In-process research and development	​	​	550	​	​	550	​
Non-compete agreements	​	​	320	​	​	320	​
Trademarks and tradenames	​	​	68	​	​	68	​
Other	​	​	150	​	​	150	​
Intangibles, gross	​	​	138,449	​	​	138,453	​
Less accumulated amortization	​		(97,909)	​		(94,876)	​
Intangibles, net	​	$	40,540	​	$	43,577	​

​

The weighted average amortization period at July 29, 2023 and April 30, 2023 was three and four years, respectively. Amortization expense for the three months ended July 29, 2023 and July 30, 2022 was $3,030,000 and $5,869,000, respectively.

​

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

​

​	​	​	​	​
​		Year ending
​	​	April 30,
2024	​	$	8,773	​
2025	​		9,494	​
2026	​		6,857	​
2027	​		5,786	​
2028	​		5,175	​
​	​	$	36,085	​

​

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- References

No definition available.

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- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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