Goodwill and Intangible Assets

12 Months Ended

Mar. 28, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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


	Total
Balance at March 31, 2023	$	27,691
Acquisition		174,519
Adjustments		280
Foreign currency translation		(65	)
Balance at March 29, 2024	$	202,425
Adjustments		97
Foreign currency translation		(47	)
Balance at March 28, 2025	$	202,475

Intangible assets, net were as follows:


	March 28, 2025
Description	Gross		Accumulated Amortization			Net Carrying Amount
Patents	$	49,749	$	(25,710	)	$	24,039
Customer relationships		14,964		(4,102	)		10,862
Completed technologies		255,588		(30,648	)		224,940
Indefinite-lived process technology and trademarks		2,274		—			2,274
Trademarks and other		86		(86	)		—
Total	$	322,661	$	(60,546	)	$	262,115


	March 29, 2024
Description	Gross		Accumulated Amortization			Net Carrying Amount
Patents	$	44,894	$	(22,016	)	$	22,878
Customer relationships		14,977		(3,315	)		11,662
Completed technologies		249,758		(9,719	)		240,039
Indefinite-lived process technology and trademarks		2,275		—			2,275
Trademarks and other		87		(87	)		—
Total	$	311,991	$	(35,137	)	$	276,854

Intangible assets amortization expense was $25,658, $14,587 and $5,209 for the fiscal years ended March 28, 2025, March 29, 2024 and March 31, 2023, respectively.

In fiscal year 2025, the Company acquired certain intellectual property assets for a total purchase price of $6,000, including certain contingent, milestone-based payments that have a potential pay-out of $5,000, and are classified within accrued expenses and other current liabilities on the consolidated balance sheets.

In February 2024, the Company initiated a realignment of resources associated with our photonics and advanced 3D imaging solutions business to refocus spending on other technologies. As a result of the change in strategy, the Company recorded impairment charges of $11,600 in the fourth quarter of fiscal year 2024 related to intangible assets, net, and long-lived assets from our 2021 acquisition of Voxtel, Inc. The results of the annual impairment test did not indicate any impairments of any other long-lived intangible assets for fiscal years 2025, 2024 and 2023.

As of March 28, 2025, amortization expense of intangible assets is expected to be as follows:


2026	$	25,932
2027		25,466
2028		25,089
2029		24,718
2030		24,356
Thereafter		134,280
Total	$	259,841