| Intangibles, net |
7. Intangibles, net The components of intangibles are as follows (in thousands): | | | | | | | | | | August 1, | | April 30, | | | | 2026 | | 2026 | | Technology | | $ | 585,806 | | $ | 585,970 | | Licenses | | | 1,008 | | | 1,008 | | Customer relationships | | | 618,658 | | | 618,730 | | Backlog | | | 58,097 | | | 58,131 | | In-process research and development | | | 550 | | | 550 | | Non-compete agreements | | | 3,320 | | | 3,320 | | Trademarks and tradenames | | | 3,668 | | | 3,668 | | Other | | | 146 | | | 146 | | Intangibles, gross | | | 1,271,253 | | | 1,271,523 | | Less accumulated amortization | | | (384,784) | | | (341,697) | | Intangibles, net | | $ | 886,469 | | $ | 929,826 | |
The weighted average amortization period as of August 1, 2026 and April 30, 2026 was six and six years, respectively. Amortization expense for the three months ended August 1, 2026 and August 2, 2025 was $43,357,000 and $58,161,000, respectively. Estimated remaining amortization expense for the next five years is as follows (in thousands): | | | | | | | Year ending | | | | April 30, | | 2027 | | $ | 129,800 | | 2028 | | | 165,242 | | 2029 | | | 160,271 | | 2030 | | | 137,236 | | 2031 | | | 78,624 | | | | $ | 671,173 | |
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