Intangibles, net and Goodwill

12 Months Ended

Mar. 27, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The intangibles, net balance included on the Consolidated Balance Sheet was $22.0 million and $34.4 million at March 27, 2021 and March 28, 2020, respectively.

The following information details the gross carrying amount and accumulated amortization of our intangible assets (in thousands):


	March 27, 2021				March 28, 2020
Intangible Category / Weighted-Average Amortization period (in years)	Gross Amount		Accumulated Amortization		Gross Amount		Accumulated Amortization
Core technology (a)	$	1,390	$	(1,390)	$	1,390	$	(1,390)
License agreement (a)	440		(440)		440		(440)
Existing technology (7.0)	111,005		(105,870)		111,005		(100,145)
In-process research & development (“IPR&D”) (7.5)	70,936		(62,885)		70,936		(58,284)
Trademarks and tradename (10.0)	3,037		(2,717)		3,037		(2,589)
Customer relationships (10.0)	15,381		(10,346)		15,381		(8,808)
Backlog (a)	220		(220)		220		(220)
Non-compete agreements (a)	470		(470)		470		(470)
Technology licenses (3.0)	25,945		(22,455)		23,820		(19,923)
Total	$	228,824	$	(206,793)	$	226,699	$	(192,269)

(a)Intangible assets are fully amortized.

Amortization expense for intangibles in fiscal years 2021, 2020, and 2019 was $14.5 million, $28.3 million, and $47.8 million, respectively. The following table details the estimated aggregate amortization expense for all intangibles owned as of March 27, 2021, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands):


For the year ended March 26, 2022	$	12,533
For the year ended March 25, 2023	$	6,726
For the year ended March 30, 2024	$	2,231
For the year ended March 29, 2025	$	541
For the year ended March 28, 2026	$	—
Thereafter	$	—

The goodwill balance included on the Consolidated Balance Sheet is $287.5 million and $287.1 million at March 27, 2021 and March 28, 2020, respectively.