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Goodwill & Intangible Assets | 12 Months Ended
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Sep. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table outlines changes to the carrying amount of goodwill (in thousands):
| Goodwill
Balance as of September 29, 2023 | $ | 408,409 |
Acquired goodwill (1) | 120,667 |
Translation adjustments | 4,132 |
Balance as of September 27, 2024 | $ | 533,208 |
Translation adjustments | 1,757 |
Measurement period adjustments | (5,065) |
Balance as of September 26, 2025 | $ | 529,900 |
(1) Refer to Note 15 "Business Combinations" for additional information related to our acquired goodwill. Intangible Assets Intangible assets are stated at their original cost less accumulated amortization, and principally consist of acquired patents, technology, and customer relationships and contracts. Intangible assets subject to amortization consisted of the following (in thousands):
| September 26, 2025 |  | September 27, 2024
Intangible Assets, Net | Cost | Accumulated Amortization | Net |  | Cost | Accumulated Amortization | Net
Acquired patents and technology | $ | 587,743 |  | $ | (324,507) |  | $ | 263,236 |  |  | $ | 579,768 |  | $ | (293,389) |  | $ | 286,379 |
Customer relationships | 221,007 |  | (87,401) |  | 133,606 |  |  | 220,200 |  | (72,374) |  | 147,826 |
Other intangible assets | 23,171 |  | (22,956) |  | 215 |  |  | 23,125 |  | (22,816) |  | 309 |
Total | $ | 831,921 |  | $ | (434,864) |  | $ | 397,057 |  |  | $ | 823,093 |  | $ | (388,579) |  | $ | 434,514 |
During fiscal 2025, we purchased various patents for purchase consideration of $5.6 million and upon acquisition, these intangible assets had a weighted-average useful life of 14 years. During fiscal 2024, we acquired $274.2 million and $24.6 million of identifiable intangible assets in connection with the acquisitions of GE Licensing and THEO, respectively. Refer to Note 15 "Business Combinations" for additional information. Amortization expense for our intangible assets is included in cost of licensing, cost of products and services, R&D, S&M, and G&A expenses in our consolidated statements of operations. Amortization expense was $45.3 million, $33.2 million, and $28.6 million in fiscal 2025, fiscal 2024, and fiscal 2023, respectively. As of September 26, 2025, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):
Fiscal Year | Amortization Expense
2026 | $ | 44,751 |
2027 | 44,051 |
2028 | 42,014 |
2029 | 41,889 |
2030 | 40,567 |
Thereafter | 183,785 |
Total | $ | 397,057 |

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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 + Details
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