Goodwill and Intangible Assets |
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| Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The following table outlines changes to the carrying amount of goodwill (in thousands):
Intangible Assets Intangible assets are stated at their original cost less accumulated amortization, and principally consist of acquired patents, technology, and customer relationships and contracts. Intangible assets subject to amortization consisted of the following (in thousands):
During the third quarter of fiscal 2026, we purchased various patents for cash consideration of $4.7 million, and upon acquisition, these patents had a weighted-average useful life of 15 years. During the fiscal year-to-date period ended June 26, 2026, we purchased various patents for cash consideration of $41.7 million, and upon acquisition, these patents had a weighted-average useful life of 13.2 years. These patents have been categorized as "acquired patents and technology" intangible assets class. During the fiscal year-to-date period ended June 26, 2026, Via sold its HEVC/VVC program intangible assets for a total consideration of $25.0 million. Refer to Note 18, "Related Parties" for more information. During the third quarter of fiscal 2025, we purchased various patents for purchase consideration of $5.6 million, and upon acquisition, these intangible assets had a weighted-average useful life of 14 years. The remaining intangible assets purchased during the fiscal year-to-date period ended June 27, 2025 were not material. Amortization expense for our intangible assets is included in cost of licensing, cost of products and services, R&D, S&M, and G&A expenses in our unaudited interim condensed consolidated statements of operations. Amortization expense was $11.7 million and $11.2 million in the third quarter of fiscal 2026 and 2025, respectively, and $33.7 million and $34.0 million in the fiscal year-to-date periods ended June 26, 2026 and June 27, 2025, respectively. As of June 26, 2026, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):
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