v3.25.2
Goodwill and intangible assets (Tables)
3 Months Ended
Jun. 27, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes the activity in the Company’s goodwill during the three-month period ended June 27, 2025 (in thousands):
Balance as of March 31, 2025$371,018
Additions73,905 
Balance as of June 27, 2025$444,923
Summary of Intangible Assets
The components of identifiable intangible assets are as follows:
As of June 27, 2025As of March 31, 2025
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
Gross
carrying
amount
Accumulated
amortization
Net
carrying
amount
(In thousands)
Developed technology$55,092$(3,466)$51,626$39,200$(2,394)$36,806
Customer relationships18,000(3,679)14,32118,000(2,779)15,221
Trade name and other intangibles
4,894(1,892)3,0023,018(1,804)1,214
Total
$77,986$(9,037)$68,949$60,218$(6,977)$53,241
Finite-Lived Intangible Assets Amortization Expense Total intangible asset amortization expense recognized in operations during the three-month periods ended June 27, 2025 and June 28, 2024 were as follows:
Three-month periods ended
June 27, 2025June 28, 2024
(In thousands)
Cost of sales
$1,159$88
Selling general and administrative expense
900
Total amortization expense
$2,059$88
Summary of Future Annual Amortization Expense
The estimated future annual amortization expense for the acquired finite-lived intangible assets as of June 27, 2025 is as follows:
Fiscal year ending March 31,Amount
(In thousands)
2026 (1)$8,116
202710,397
20289,531
20299,284
20306,330
Thereafter25,273
Total amortization expense
$68,931
(1)Represents estimated amortization for the remaining fiscal nine-month period ending March 31, 2026.