XML 24 R14.htm IDEA: XBRL DOCUMENT v3.25.0.1
Intangibles, net
9 Months Ended
Jan. 25, 2025
Intangibles, net  
Intangibles, net

7. Intangibles, net

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

January 25,

April 30,

    

2025

    

2024

Technology

$

100,815

$

101,012

Licenses

1,008

1,008

Customer relationships

77,227

77,313

Backlog

2,790

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

184,524

184,848

Less accumulated amortization

 

(126,744)

 

(112,624)

Intangibles, net

$

57,780

$

72,224

The weighted average amortization period as of January 25, 2025 and April 30, 2024 was three years, respectively. Amortization expense for the three and nine months ended January 25, 2025 was $4,778,000 and $14,348,000 respectively. Amortization expense for the three and nine months ended January 27, 2024 was $5,445,000 and $12,721,000, respectively.

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

    

Year ending

 

April 30,

 

2025

$

4,777

2026

 

14,972

2027

 

12,605

2028

 

11,891

2029

 

7,764

$

52,009