During the three-month period ended July 3, 2026, there were no changes to the Company’s goodwill balance, which remained at $489.0 million as of July 3, 2026.

During the three-month period ended July 3, 2026, the total gross value of other intangible assets increased by $6.0 million, due to additional developed technology acquired by the Company.


	As of July 3, 2026						As of March 31, 2026
	Gross carrying amount		Accumulated amortization		Net carrying amount		Gross carrying amount		Accumulated amortization		Net carrying amount
	(In thousands)
Developed technology	$	78,642	$	(10,681)	$	67,961	$	72,673	$	(8,784)	$	63,889
Customer relationships	19,159		(8,113)		11,046		19,159		(7,022)		12,137
Trade names and other intangibles	5,157		(3,524)		1,633		5,157		(3,137)		2,020
Total	$	102,958	$	(22,318)	$	80,640	$	96,989	$	(18,943)	$	78,046

The gross carrying amount of other intangible assets are removed when fully amortized. Total intangible asset amortization expense recognized in operations during the three-month periods ended July 3, 2026 and June 27, 2025 was as follows:


	Three-month periods ended
	July 3, 2026		June 27, 2025
	(In thousands)
Cost of sales	$	1,985	$	1,159
Selling general and administrative expense	1,390		900
Total amortization expense	$	3,375	$	2,059

The estimated future annual amortization expense for the acquired finite-lived intangible assets as of July 3, 2026 is as follows:


Fiscal year ending March 31,	Amount
	(In thousands)
2027 (1)	$	10,007
2028	12,204
2029	11,836
2030	8,882
2031	8,061
Thereafter	29,632
Total amortization expense	$	80,622