Intangible Assets and Goodwill

12 Months Ended

Aug. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets and Goodwill

Intangible Assets and Goodwill

	As of August 26, 2022				As of August 27, 2021
	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Intangible assets:
Technology	$	61,594	$	(18,473)	$	61,307	$	(9,142)
Customer relationships	57,500		(32,238)		57,500		(22,393)
Trademarks/trade names	19,200		(9,771)		19,200		(6,628)
Order backlog	—		—		3,800		(2,571)
	$	138,294	$	(60,482)	$	141,807	$	(40,734)
Goodwill by segment:
Intelligent Platform Solutions	$	40,401			$	40,401
Memory Solutions	33,608				33,854
	$	74,009			$	74,255

In 2022, and 2021, we capitalized $1.4 million and $65.7 million, respectively, for intangible assets, with weighted-average useful lives of 17.8 years and 6.7 years, respectively. Amortization expense for intangible assets was $23.8 million, $20.3 million and $13.7 million in 2022, 2021 and 2020, respectively. Amortization expense is expected to be $21.8 million for 2023, $17.8 million for 2024, $15.3 million for 2025, $8.5 million for 2026, $7.7 million for 2027 and $6.6 million thereafter. Goodwill of our Memory Solutions segment decreased in 2022 by $0.2 million and increased in 2021 by $0.3 million from translation adjustments.