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Goodwill and Intangible Assets
 9 Months Ended
Dec. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

8. Goodwill and Intangible Assets

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

 

 

Total

 

Balance at March 29, 2024

 

$

202,425

 

Measurement period adjustments

 

 

97

 

Foreign currency translation

 

 

(421

)

Balance at December 27, 2024

 

$

202,101

 

 

In the third quarter of fiscal year 2025, the allocation of the purchase price related to the acquisition of Crocus was finalized.

 

Intangible assets, net, were as follows:

 

 

December 27, 2024

 

Description

 

Gross

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Patents

 

$

48,636

 

 

$

(24,660

)

 

$

23,976

 

Customer relationships

 

 

14,861

 

 

 

(3,800

)

 

 

11,061

 

Completed technologies

 

 

249,588

 

 

 

(25,350

)

 

 

224,238

 

Indefinite-lived process technology and trademarks

 

 

2,278

 

 

 

—

 

 

 

2,278

 

Trademarks and other

 

 

83

 

 

 

(83

)

 

 

—

 

Total

 

$

315,446

 

 

$

(53,893

)

 

$

261,553

 

 

 

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 $6,363 and $19,086 for the three- and nine-month periods ended December 27, 2024, respectively, and $5,071 and $8,076 for the three- and nine-month periods ended December 29, 2023, respectively.