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Intangible Assets
3 Months Ended
Jul. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

(9) Intangible Assets:

 

The following table presents a summary of intangible assets as of July 31, 2018 and April 30, 2018 (in thousands):

 

 

 

July 31, 2018

 

 

April 30, 2018

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

 

$

92,360

 

 

$

(30,719

)

 

$

61,641

 

 

$

92,360

 

 

$

(28,252

)

 

$

64,108

 

Developed technology

 

 

21,130

 

 

 

(9,461

)

 

 

11,669

 

 

 

21,130

 

 

 

(8,178

)

 

 

12,952

 

Patents, trademarks, and trade names

 

 

56,879

 

 

 

(23,840

)

 

 

33,039

 

 

 

56,718

 

 

 

(22,099

)

 

 

34,619

 

Backlog

 

 

1,150

 

 

 

(1,150

)

 

 

 

 

 

1,150

 

 

 

(1,150

)

 

 

 

 

 

 

171,519

 

 

 

(65,170

)

 

 

106,349

 

 

 

171,358

 

 

 

(59,679

)

 

 

111,679

 

Patents in progress

 

 

879

 

 

 

 

 

 

879

 

 

 

855

 

 

 

 

 

 

855

 

Total definite-lived intangible assets

 

 

172,398

 

 

 

(65,170

)

 

 

107,228

 

 

 

172,213

 

 

 

(59,679

)

 

 

112,534

 

Indefinite-lived intangible assets

 

 

226

 

 

 

 

 

 

226

 

 

 

226

 

 

 

 

 

 

226

 

Total intangible assets

 

$

172,624

 

 

$

(65,170

)

 

$

107,454

 

 

$

172,439

 

 

$

(59,679

)

 

$

112,760

 

 

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 $5.4 million and $5.7 million for the three months ended July 31, 2018 and 2017, respectively.  

 

Estimated amortization expense of intangible assets for the remainder of fiscal 2019 and succeeding fiscal years is as follows:

 

Fiscal

 

Amount

 

2019

 

$

16,449

 

2020

 

 

19,114

 

2021

 

 

16,506

 

2022

 

 

14,125

 

2023

 

 

11,762

 

Thereafter

 

 

28,393

 

Total

 

$

106,349

 

 

On an annual basis, or more frequently if events or changes in circumstances indicate that the asset might be impaired, we evaluate the fair value of the definite and indefinite-lived intangible assets to determine if an impairment charge is required. We performed our most recent annual impairment review as of February 1, 2018. There were no events or changes in circumstances that would indicate the fair value of intangible assets was reduced below its carrying value during the three months ended July 31, 2018, and therefore intangible assets were not tested for impairment.