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Goodwill and Intangible Assets
9 Months Ended
Dec. 29, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

9. Goodwill and Intangible Assets

The table below summarizes the changes in the carrying amount of goodwill as follows:

 

 

Total

 

Balance at March 31, 2023

 

$

27,691

 

Acquisitions

 

 

186,545

 

Adjustments

 

 

280

 

Foreign currency translation

 

 

193

 

Balance at December 29, 2023

 

$

214,709

 

 

Intangible assets, net were as follows:

 

 

December 29, 2023

Description

 

Gross

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Weighted-
Average Lives

Patents

 

$

43,638

 

 

$

21,006

 

 

$

22,632

 

 

4 years

Customer relationships

 

 

15,344

 

 

 

3,354

 

 

 

11,990

 

 

15 years

Process technology

 

 

262,508

 

 

 

8,162

 

 

 

254,346

 

 

12 years

Indefinite-lived and legacy process technology

 

 

4,667

 

 

 

 

 

 

4,667

 

 

 

Trademarks and other

 

 

289

 

 

 

225

 

 

 

64

 

 

2 years

Total

 

$

326,446

 

 

$

32,747

 

 

$

293,699

 

 

 

 

 

March 31, 2023

Description

 

Gross

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

 

Weighted-
Average Lives

Patents

 

$

40,213

 

 

$

18,335

 

 

$

21,878

 

 

10 years

Customer relationships

 

 

3,281

 

 

 

3,115

 

 

 

166

 

 

9 years

Process technology

 

 

28,508

 

 

 

2,963

 

 

 

25,545

 

 

12 years

Indefinite-lived and legacy process technology

 

 

4,696

 

 

 

 

 

 

4,696

 

 

 

Trademarks and other

 

 

287

 

 

 

194

 

 

 

93

 

 

5 years

Total

 

$

76,985

 

 

$

24,607

 

 

$

52,378

 

 

 

 

Intangible assets amortization expense was $5,071 and $8,076 for the three- and nine-month periods ended December 29, 2023, respectively, and $1,420 and $3,650 for the three- and nine-month periods ended December 23, 2022, respectively.