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Goodwill and Intangible Assets, Net
3 Months Ended
Jul. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

(4) Goodwill and Intangible Assets, net:

The following table summarizes intangible assets as of July 31, 2021 and April 30, 2021 (in thousands):

 

 

 

July 31, 2021

 

 

April 30, 2021

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

 

$

89,980

 

 

$

(62,248

)

 

$

27,732

 

 

$

89,980

 

 

$

(60,347

)

 

$

29,633

 

Developed technology

 

 

21,588

 

 

 

(14,903

)

 

 

6,685

 

 

 

21,588

 

 

 

(14,456

)

 

 

7,132

 

Patents, trademarks, and trade names

 

 

50,024

 

 

 

(35,474

)

 

 

14,550

 

 

 

50,007

 

 

 

(34,308

)

 

 

15,699

 

 

 

 

161,592

 

 

 

(112,625

)

 

 

48,967

 

 

 

161,575

 

 

 

(109,111

)

 

 

52,464

 

Patents in progress

 

 

924

 

 

 

 

 

 

924

 

 

 

749

 

 

 

 

 

 

749

 

Total definite-lived intangible assets

 

 

162,516

 

 

 

(112,625

)

 

 

49,891

 

 

 

162,324

 

 

 

(109,111

)

 

 

53,213

 

Indefinite-lived intangible assets

 

 

430

 

 

 

 

 

 

430

 

 

 

430

 

 

 

 

 

 

430

 

Total intangible assets

 

$

162,946

 

 

$

(112,625

)

 

$

50,321

 

 

$

162,754

 

 

$

(109,111

)

 

$

53,643

 

 

 

We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed technology, and five years for patents, trademarks, and trade names. Amortization expense amounted to $3.5 million and $4.0 million for the three months ended July 31, 2021 and 2020, respectively.  

Future expected amortization expense for the remainder of fiscal 2022 and for succeeding fiscal years, as of July 31, 2021, are as follows (in thousands):

 

Fiscal

 

Amount

 

2022

 

 

10,363

 

2023

 

 

11,429

 

2024

 

 

9,690

 

2025

 

 

6,048

 

2026

 

 

4,955

 

2027

 

 

2,963

 

Thereafter

 

 

3,519

 

Total

 

$

48,967

 

 

 

As of July 31, 2021, we had $64.3 million of goodwill. We did not have any adjustments to goodwill during the three months ended July 31, 2021 and 2020, respectively. As of July 31, 2021, we had recorded $109.3 million of goodwill impairment charges since fiscal 2015 on gross goodwill of $173.6 million.