Summary of Changes in Carrying Amount of Goodwill |
The table below summarizes the changes in the carrying amount of goodwill as follows:
|
|
|
|
|
|
|
Total |
|
Balance at March 25, 2022 |
|
$ |
20,009 |
|
Acquisition |
|
|
7,096 |
|
Foreign currency translation |
|
|
586 |
|
Balance at March 31, 2023 |
|
$ |
27,691 |
|
Acquisition |
|
|
174,519 |
|
Adjustments |
|
|
280 |
|
Foreign currency translation |
|
|
(65 |
) |
Balance at March 29, 2024 |
|
$ |
202,425 |
|
|
Schedule of Intangible Assets, Net |
Intangible assets, net were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 29, 2024 |
Description |
|
Gross |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted-Average Lives |
Patents |
|
$ |
44,894 |
|
|
$ |
(22,016 |
) |
|
$ |
22,878 |
|
|
4 years |
Customer relationships |
|
|
14,977 |
|
|
|
(3,315 |
) |
|
|
11,662 |
|
|
15 years |
Completed technologies |
|
|
249,758 |
|
|
|
(9,719 |
) |
|
|
240,039 |
|
|
12 years |
Indefinite-lived process technology and trademarks |
|
|
2,275 |
|
|
|
— |
|
|
|
2,275 |
|
|
|
Trademarks and other |
|
|
87 |
|
|
|
(87 |
) |
|
|
— |
|
|
|
Total |
|
$ |
311,991 |
|
|
$ |
(35,137 |
) |
|
$ |
276,854 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
Description |
|
Gross |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
|
Weighted-Average Lives |
Patents |
|
$ |
40,213 |
|
|
$ |
(18,335 |
) |
|
$ |
21,878 |
|
|
10 years |
Customer relationships |
|
|
3,281 |
|
|
|
(3,115 |
) |
|
|
166 |
|
|
9 years |
Completed technologies |
|
|
28,508 |
|
|
|
(2,963 |
) |
|
|
25,545 |
|
|
12 years |
Indefinite-lived process technology and trademarks |
|
|
4,696 |
|
|
|
— |
|
|
|
4,696 |
|
|
|
Trademarks and other |
|
|
287 |
|
|
|
(194 |
) |
|
|
93 |
|
|
5 years |
Total |
|
$ |
76,985 |
|
|
$ |
(24,607 |
) |
|
$ |
52,378 |
|
|
|
|
Schedule of Annual Amortization Expense |
As of March 29, 2024, amortization expense of intangible assets is expected to be as follows:
|
|
|
|
|
2025 |
|
$ |
24,827 |
|
2026 |
|
|
24,481 |
|
2027 |
|
|
24,106 |
|
2028 |
|
|
23,812 |
|
2029 |
|
|
23,495 |
|
Thereafter |
|
|
153,858 |
|
Total |
|
$ |
274,579 |
|
|