Intangibles

3 Months Ended

Jul. 27, 2019

Intangibles

Intangibles

8. Intangibles

The components of intangibles are as follows (in thousands):

	July 27,		April 30,
	2019		2019
Technology	$	14,950	$	-
In-process research and development		1,370		-
Licenses		1,006		1,006
Customer relationships		873		733
Non-compete agreements		320		-
Trademarks and tradenames		68		28
Other		3		3
Intangibles, gross		18,590		1,770
Less accumulated amortization		(1,863)		(1,311)
Intangibles, net	$	16,727	$	459

The weighted average amortization period at July 27, 2019 and April 30, 2019 was five years and one years, respectively. Amortization expense for the three months ended July 27, 2019 and July 28, 2018 was $552,000 and $69,000, respectively.

Technology, in-process research and development, customer relationships, trademarks and tradenames, and non-compete agreements were recognized in conjunction with the Company’s acquisition of Pulse on June 10, 2019. Refer to Note 18—Business Acquisitions for further details.

Estimated amortization expense for the next five years is as follows (in thousands):

	Year ending
	April 30,
2020	$	681
2021		2,860
2022		3,102
2023		2,961
2024		2,834
	$	12,438