Goodwill and Intangible Assets

3 Months Ended

Dec. 30, 2022

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 30, 2022	$	365,147
Translation adjustments	4,238
Balance at December 30, 2022	$	369,385

Intangible Assets

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 30, 2022						September 30, 2022
Intangible Assets, Net	Cost		Accumulated Amortization		Net		Cost		Accumulated Amortization		Net
Acquired patents and technology	$	356,697	$	(259,574)	$	97,123	$	355,622	$	(253,080)	$	102,542
Customer relationships	66,178		(57,508)		8,670		66,142		(56,572)		9,570
Other intangible assets	23,018		(22,899)		119		22,973		(22,820)		153
Total	$	445,893	$	(339,981)	$	105,912	$	444,737	$	(332,472)	$	112,265

During fiscal 2022, we purchased various patents for purchase consideration of $11.5 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. There were no purchases of intangible assets during the first quarter of fiscal 2023.

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 $6.3 million and $8.0 million in the first quarter of fiscal 2023 and 2022, respectively. As of December 30, 2022, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):

Fiscal Year	Amortization Expense
Remainder of 2023	$	18,844
2024	23,773
2025	8,860
2026	7,969
2027	7,285
Thereafter	39,181
Total	$	105,912