v3.26.1
Goodwill and Intangible Assets
12 Months Ended
Mar. 27, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
9.
Goodwill and Intangible Assets

The table below summarizes the changes in the carrying amount of goodwill as follows:

 

Total

 

Balance at March 29, 2024

 

$

202,425

 

Adjustments

 

 

97

 

Foreign currency translation

 

 

(47

)

Balance at March 28, 2025

 

$

202,475

 

Foreign currency translation

 

 

816

 

Balance at March 27, 2026

 

$

203,291

 

Intangible assets, net were as follows:

 

March 27,
2026

 

Description

 

Gross

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Patents

 

$

53,126

 

 

$

(30,009

)

 

$

23,117

 

Customer relationships

 

 

15,187

 

 

 

(5,125

)

 

 

10,062

 

Completed technologies

 

 

255,618

 

 

 

(52,391

)

 

 

203,227

 

Indefinite-lived process technology and trademarks

 

 

2,269

 

 

 

 

 

 

2,269

 

Trademarks and other

 

 

93

 

 

 

(93

)

 

 

 

Total

 

$

326,293

 

 

$

(87,618

)

 

$

238,675

 

 

 

March 28,
2025

 

Description

 

Gross

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Patents

 

$

49,749

 

 

$

(25,710

)

 

$

24,039

 

Customer relationships

 

 

14,964

 

 

 

(4,102

)

 

 

10,862

 

Completed technologies

 

 

255,588

 

 

 

(30,648

)

 

 

224,940

 

Indefinite-lived process technology and trademarks

 

 

2,274

 

 

 

 

 

 

2,274

 

Trademarks and other

 

 

86

 

 

 

(86

)

 

 

 

Total

 

$

322,661

 

 

$

(60,546

)

 

$

262,115

 

 

Intangible assets amortization expense was $26,864, $25,658 and $14,587 for the fiscal years ended March 27, 2026,
March 28, 2025 and March 29, 2024, respectively.

In fiscal year 2025, the Company acquired certain intellectual property assets for a total purchase price of $6,000, including certain contingent, milestone-based payments, which were paid during the fiscal year ended March 27, 2026.

In February 2024, the Company initiated a realignment of resources associated with our photonics and advanced 3D imaging solutions business to refocus spending on other technologies. As a result of the change in strategy, the Company recorded impairment charges of $11,600 in the fourth quarter of fiscal year 2024 related to intangible assets, net, and long-lived assets from our 2021 acquisition of Voxtel, Inc. The results of the annual impairment test did not indicate any impairments of any other long-lived intangible assets for fiscal years 2026, 2025 and 2024.

As of March 27, 2026, amortization expense of intangible assets is expected to be as follows:

2027

 

$

25,915

 

2028

 

 

25,549

 

2029

 

 

25,183

 

2030

 

 

24,822

 

2031

 

 

24,397

 

Thereafter

 

 

110,540

 

Total

 

$

236,406