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Intangibles, net

3 Months Ended

Jul. 27, 2024

Intangibles, net

Intangibles, net

7. Intangibles, net

​

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

​

​	​	​	​	​	​	​	​
​	​	July 27,		​	April 30,		​
​		2024			2024		​
Technology	​	$	101,163	​	$	101,012	​
Licenses	​	​	1,008	​	​	1,008	​
Customer relationships	​	​	77,379	​	​	77,313	​
Backlog	​	​	2,863	​	​	2,831	​
In-process research and development	​	​	550	​	​	550	​
Non-compete agreements	​	​	320	​	​	320	​
Trademarks and tradenames	​	​	1,668	​	​	1,668	​
Other	​	​	146	​	​	146	​
Intangibles, gross	​	​	185,097	​	​	184,848	​
Less accumulated amortization	​		(117,576)	​		(112,624)	​
Intangibles, net	​	$	67,521	​	$	72,224	​

​

The weighted average amortization period at each of July 27, 2024 and April 30, 2024 was three years. Amortization expense for the three months ended July 27, 2024 and July 29, 2023 was $4,774,000 and $3,030,000 respectively.

​

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

​

​	​	​	​	​
​		Year ending
​	​	April 30,
2025	​	$	14,369	​
2026	​		15,022	​
2027	​		12,655	​
2028	​		11,941	​
2029	​		7,764	​
​	​	$	61,751	​

​

X

- References

No definition available.

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X

- Definition

The entire disclosure for goodwill and intangible assets.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 30
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-30/tableOfContent

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/350-20/tableOfContent

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