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Intangible Assets and Goodwill
 3 Months Ended
Nov. 26, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets and Goodwill

Intangible Assets and Goodwill

 

 

 

As of November 26, 2021

 

 

As of August 27, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

Gross

Amount

 

 

Accumulated

Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Technology

 

$

61,925

 

 

$

(11,540

)

 

$

61,307

 

 

$

(9,142

)

Customer relationships

 

 

57,500

 

 

 

(24,854

)

 

 

57,500

 

 

 

(22,393

)

Trademarks/tradenames

 

 

19,200

 

 

 

(7,414

)

 

 

19,200

 

 

 

(6,628

)

Order backlog

 

 

3,400

 

 

 

(2,886

)

 

 

3,800

 

 

 

(2,571

)

 

 

$

142,025

 

 

$

(46,694

)

 

$

141,807

 

 

$

(40,734

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill by segment:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Intelligent Platform Solutions

 

$

40,401

 

 

 

 

 

 

$

40,401

 

 

 

 

 

Memory Solutions

 

 

32,086

 

 

 

 

 

 

 

33,854

 

 

 

 

 

 

 

$

72,487

 

 

 

 

 

 

$

74,255

 

 

 

 

 

 

In the first quarter of 2022, we capitalized $0.6 million for intangible assets with weighted-average useful lives of 8.23 years. Amortization expense for intangible assets was $6.3 million and $3.4 million in the first quarters of 2022 and 2021, respectively. Amortization expense is expected to be $17.6 million for the remainder of 2022, $21.9 million in 2023, $18.2 million in 2024, $15.4 million in 2025, $8.4 million in 2026 and $13.8 million thereafter.

 

Goodwill of our Memory Solutions segment decreased by $1.8 million in the first quarter of 2022 and increased in all of 2021 by $0.3 million from translation adjustments.