Goodwill and Intangible Assets

3 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

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

	Goodwill
Balance at September 24, 2021	$	340,694
Translation adjustments	(797)
Balance at December 31, 2021	$	339,897

Intangible Assets

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

	December 31, 2021						September 24, 2021
Intangible Assets	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Acquired patents and technology	$	354,197	$	(240,438)	$	113,759	$	343,280	$	(233,789)	$	109,491
Customer relationships	65,822		(53,927)		11,895		65,822		(52,730)		13,092
Other intangible assets	22,956		(22,806)		150		22,972		(22,665)		307
Total	$	442,975	$	(317,171)	$	125,804	$	432,074	$	(309,184)	$	122,890

During the first quarter of fiscal 2022, we purchased various patents for purchase consideration of $11.4 million and upon acquisition, these intangible assets had a weighted-average useful life of 16.0 years. These intangible assets facilitate our R&D efforts, technologies, and potential product offerings.

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 condensed consolidated statements of operations. Amortization expense was $8.0 million and $7.3 million in the first quarter of fiscal 2022 and 2021, respectively. As of December 31, 2021, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):

Fiscal Year	Amortization Expense
Remainder of 2022	$	21,146
2023	24,910
2024	22,838
2025	7,768
2026	6,877
Thereafter	42,265
Total	$	125,804