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GOODWILL AND PURCHASED INTANGIBLE ASSETS
3 Months Ended
Aug. 29, 2025
GOODWILL AND PURCHASED INTANGIBLE ASSETS  
GOODWILL AND PURCHASED INTANGIBLE ASSETS

4. GOODWILL AND PURCHASED INTANGIBLE ASSETS

 

Goodwill

 

There were no impairments to goodwill during the three months ended August 29, 2025 and August 30, 2024, respectively.

 

Purchased Intangible Assets

 

The Company’s purchased intangible assets, net, were as follows:

 

 

 

August 29, 2025

 

 

May 30, 2025

 

(In thousands)

 

 

 

Accumulated

 

 

 

 

 

 

Accumulated

 

 

 

Finite-lived intangible assets:

 

Gross

 

 

Amortization

 

 

Net

 

 

Gross

 

 

Amortization

 

 

Net

 

Developed technology

 

$9,130

 

 

$(824)

 

$8,306

 

 

$9,130

 

 

$(634)

 

$8,496

 

Trade names

 

 

1,050

 

 

 

(114)

 

 

936

 

 

 

1,050

 

 

 

(88)

 

 

962

 

Customer relationships

 

 

810

 

 

 

(80)

 

 

730

 

 

 

810

 

 

 

(61)

 

 

749

 

Non-compete agreements and others

 

 

1,010

 

 

 

(543)

 

 

467

 

 

 

1,010

 

 

 

(436)

 

 

574

 

Total

 

$12,000

 

 

$(1,561)

 

$10,439

 

 

$12,000

 

 

$(1,219)

 

$10,781

 

 

Amortization expense related to purchased intangible assets with finite lives was $0.3 million for the three months ended August 29, 2025 and $0.1 million for the three months ended August 30, 2024. There were no impairments to purchased intangible assets during the three months ended August 29, 2025 and August 30, 2024, respectively.

 

As of August 29, 2025, the estimated future amortization expense of purchased intangible assets with finite lives is as follows:

 

(In thousands)

 

Amount

 

Remainder of 2026

 

 

887

 

2027

 

 

1,183

 

2028

 

 

981

 

2029

 

 

939

 

2030

 

 

939

 

2031

 

 

939

 

Thereafter

 

 

4,571

 

Total

 

$10,439