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Intangibles, net

6 Months Ended

Oct. 26, 2024

Intangibles, net

Intangibles, net

7. Intangibles, net

​

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

​

​	​	​	​	​	​	​	​
​	​	October 26,		​	April 30,		​
​		2024			2024		​
Technology	​	$	101,106	​	$	101,012	​
Licenses	​	​	1,008	​	​	1,008	​
Customer relationships	​	​	77,354	​	​	77,313	​
Backlog	​	​	2,851	​	​	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	​	​	185,003	​	​	184,848	​
Less accumulated amortization	​		(122,300)	​		(112,624)	​
Intangibles, net	​	$	62,703	​	$	72,224	​

​

The weighted average amortization period as of October 26, 2024 and April 30, 2024 was four and three years, respectively. Amortization expense for the three and six months ended October 26, 2024 was $4,795,000 and $9,569,000 respectively. Amortization expense for the three and six months ended October 28, 2023 was $4,262,000 and $7,276,000, respectively.

​

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

​

​	​	​	​	​
​		Year ending
​	​	April 30,
2025	​	$	9,579	​
2026	​		15,022	​
2027	​		12,655	​
2028	​		11,941	​
2029	​		7,764	​
​	​	$	56,961	​

​

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- 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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