Intangibles

6 Months Ended

Oct. 26, 2019

Intangibles

Intangibles

8. Intangibles

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

	October 26,		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		(2,638)		(1,311)
Intangibles, net	$	15,952	$	459

The weighted average amortization period at October 26, 2019 and April 30, 2019 was five years and one year, respectively. Amortization expense for the three and six months ended October 26, 2019 was $775,000 and $1,327,000, respectively. Amortization expense for the three and six months ended October 27, 2018 $80,000 and $149,000, 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	$	1,495
2021		2,860
2022		3,102
2023		2,961
2024		2,834
	$	13,252