XML 31 R16.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets
12 Months Ended
Apr. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

10. Intangible Assets

 

The following table presents a summary of intangible assets as of April 30, 2018 and 2017 (in thousands):

 

 

 

April 30, 2018

 

 

April 30, 2017

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships (a)

 

$

92,360

 

 

$

(28,252

)

 

$

64,108

 

 

$

105,260

 

 

$

(16,463

)

 

$

88,797

 

Developed technology

 

 

21,130

 

 

 

(8,178

)

 

 

12,952

 

 

 

19,430

 

 

 

(5,436

)

 

 

13,994

 

Patents, trademarks, and trade names

 

 

56,718

 

 

 

(22,099

)

 

 

34,619

 

 

 

53,308

 

 

 

(15,619

)

 

 

37,689

 

Backlog

 

 

1,150

 

 

 

(1,150

)

 

 

 

 

 

1,150

 

 

 

(1,150

)

 

 

 

 

 

 

171,358

 

 

 

(59,679

)

 

 

111,679

 

 

 

179,148

 

 

 

(38,668

)

 

 

140,480

 

Patents in progress

 

 

855

 

 

 

 

 

 

855

 

 

 

611

 

 

 

 

 

 

611

 

Total definite-lived intangible assets

 

 

172,213

 

 

 

(59,679

)

 

 

112,534

 

 

 

179,759

 

 

 

(38,668

)

 

 

141,091

 

Indefinite-lived intangible assets

 

 

226

 

 

 

 

 

 

226

 

 

 

226

 

 

 

 

 

 

226

 

Total intangible assets

 

$

172,439

 

 

$

(59,679

)

 

$

112,760

 

 

$

179,985

 

 

$

(38,668

)

 

$

141,317

 

 

(a)

Changes to the gross carrying amount of customer relationships is related to purchase accounting adjustments. For more information regarding the changes in valuation of customer relations, see Note 2 Acquisitions to our consolidated financial statements.

 

We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed technology, and five years for patents, trademarks, and trade names. Amortization expense, excluding amortization of deferred financing costs, amounted to $21.0 million, $20.1 million, and $10.7 million for the fiscal years ended April 30, 2018, 2017, and 2016, respectively.

The following table represents future expected amortization expense as of April 30, 2018, which will primarily be recorded in our Outdoor Products & Accessories segment (in thousands):

 

Fiscal

 

Amount

 

2019

 

$

21,971

 

2020

 

 

19,095

 

2021

 

 

16,488

 

2022

 

 

14,109

 

2023

 

 

11,747

 

Thereafter

 

 

28,269

 

Total

 

$

111,679