Goodwill and Intangible Assets

9 Months Ended

Jun. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

. Goodwill & Intangible Assets

Goodwill

The following table outlines changes to the carrying amount of goodwill (in thousands):

	Goodwill
Balance at September 28, 2018	$	327,982
Acquired goodwill (1)	9,173
Translation adjustments	(1,219		)
Balance at June 28, 2019	$	335,936

(1) Acquired goodwill consists of an immaterial acquisition of a privately held technology company completed during the third quarter of fiscal 2019.

Intangible Assets

Our intangible assets are stated at their original cost less accumulated amortization, and principally consist of acquired technology, patents, trademarks, customer relationships and contracts. Intangible assets subject to amortization consist of the following (in thousands):

	June 28, 2019							September 28, 2018
Intangible Assets	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Acquired patents and technology	$	338,920	$	(170,722	)	$	168,198	$	319,082	$	(152,775	)	$	166,307
Customer relationships	63,223		(43,282		)	19,941		58,342		(41,012		)	17,330
Other intangibles	24,463		(23,298		)	1,165		22,742		(22,360		)	382
Total	$	426,606	$	(237,302	)	$	189,304	$	400,166	$	(216,147	)	$	184,019

We purchase various patents and developed technologies that enable us to further develop our audio, imaging, and potential product offerings.

With regard to our purchase of intangible assets during the periods presented, the following table summarizes the consideration paid, the weighted-average useful lives over which the acquired assets will be amortized using the greater of either the straight-line basis or a ratio-to-revenue method, and the classification of their amortized expense in our consolidated statements of operations:

Fiscal Period	Total Purchase Consideration (1)	Weighted-Average Useful Life
	(in millions)	(in years)
Fiscal 2018
Q1 - Quarter ended December 29, 2017	$12.0	14.1
Q2 - Quarter ended March 30, 2018	$2.8	5.3
Q3 - Quarter ended June 29, 2018	$0.7	5.0
	$15.5	12.1
Fiscal 2019
Q1 - Quarter ended December 28, 2018	$12.1	11.6
Q2 - Quarter ended March 29, 2019	$5.0	4.0
Q3 - Quarter ended June 28, 2019	$10.2	5.4
	$27.3	7.9

(1) Amortization expense on the intangible assets from patent portfolio and business acquisitions is included within cost of revenue, R&D, and G&A in our consolidated statements of operations.

Amortization expense for our intangible assets is included in cost of licensing, cost of products, R&D, S&M, and G&A expenses in our consolidated statements of operations. Amortization expense was $7.6 million and $6.7 million in the third quarter of fiscal 2019 and 2018, respectively, and $21.6 million and $19.8 million in the fiscal year-to-date period ended June 28, 2019 and June 29, 2018, respectively. As of June 28, 2019, estimated amortization expense in

future fiscal periods was as follows (in thousands):

Fiscal Year	Amortization Expense
	(in thousands)
Remainder of 2019	$	8,204
2020	31,568
2021	30,974
2022	28,280
2023	24,325
Thereafter	65,953
Total	$	189,304