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Intangibles, net

6 Months Ended

Nov. 01, 2025

Intangibles, net

Intangibles, net

7. Intangibles, net

​

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

​

​	​	​	​	​	​	​	​
​	​	November 1,		​	April 30,		​
​		2025			2025		​
Technology	​	$	570,199	​	$	101,645	​
Licenses	​	​	1,008	​	​	1,008	​
Customer relationships	​	​	584,361	​	​	77,588	​
Backlog	​	​	52,598	​	​	2,963	​
In-process research and development	​	​	550	​	​	550	​
Non-compete agreements	​	​	320	​	​	320	​
Trademarks and tradenames	​	​	1,668	​	​	1,668	​
Other	​	​	146	​	​	146	​
Intangibles, gross	​	​	1,210,850	​	​	185,888	​
Less accumulated amortization	​		(239,063)	​		(137,177)	​
Intangibles, net	​	$	971,787	​	$	48,711	​

​

Technology, backlog and customer relationships intangibles were recognized in conjunction with the Company’s acquisition of Blue Halo on May 1, 2025. Refer to Note 17—Business Acquisitions for further details.

​

The weighted average amortization period as of November 1, 2025 and April 30, 2025 was six and three years, respectively. Amortization expense for the three and six months ended November 1, 2025 was $44,462,000 and $102,423,000, respectively. Amortization expense for the three and six months ended October 26, 2024 was $4,795,000 and $9,569,000, respectively.

​

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

​

​	​	​	​	​
​		Year ending
​	​	April 30,
2026	​	$	104,247	​
2027	​		157,890	​
2028	​		160,700	​
2029	​		154,479	​
2030	​		131,569	​
​	​	$	708,885	​

​

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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://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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