XML 26 R16.htm IDEA: XBRL DOCUMENT

Intangible Assets

9 Months Ended

Jul. 02, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS

Amortization expense related to intangible assets is as follows (in thousands):


	Three Months Ended				Nine Months Ended
	July 2, 2021		July 3, 2020		July 2, 2021		July 3, 2020
Cost of revenue	$	3,806	$	4,348	$	11,489	$	13,115
Selling, general and administrative	7,602		8,071		23,318		24,797
Total	$	11,408	$	12,419	$	34,807	$	37,912

Intangible assets consist of the following (in thousands):


	July 2, 2021		October 2, 2020
Acquired technology	$	179,434	$	179,434
Customer relationships	245,870		245,870
Trade name (indefinite-lived)	3,400		3,400
Total	428,704		428,704
Less accumulated amortization	(332,613)		(297,806)
Intangible assets — net	$	96,091	$	130,898

A summary of the activity in gross intangible assets and goodwill is as follows (in thousands):


	Intangible Assets
	Total Intangible Assets		Acquired Technology		Customer Relationships		Trade Name		Goodwill
Balance as of October 2, 2020	$	428,704	$	179,434	$	245,870	$	3,400	$	315,012

Currency translation adjustment	—		—		—		—		(674)

Balance as of July 2, 2021	$	428,704	$	179,434	$	245,870	$	3,400	$	314,338

As of July 2, 2021, our estimated amortization of our intangible assets in future fiscal years was as follows (in thousands):


	2021 Remaining		2022	2023	2024	2025	Thereafter	Total
Amortization expense	$	11,406	33,433	26,048	15,410	3,489	2,905	$	92,691

Accumulated amortization for acquired technology and customer relationships were $163.5 million and $169.1 million, respectively, as of July 2, 2021, and $152.1 million and $145.7 million, respectively, as of October 2, 2020.