Intangibles, net and Goodwill

12 Months Ended

Mar. 26, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

The intangibles, net balance included on the Consolidated Balance Sheet was $158.1 million and $22.0 million at March 26, 2022 and March 27, 2021, respectively.

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


	March 26, 2022				March 27, 2021
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 (7.2)	255,995		(124,127)		111,005		(105,870)
In-process research & development (“IPR&D”) (7.5)	70,936		(67,486)		70,936		(62,885)
Trademarks and tradename (10.0)	3,037		(2,845)		3,037		(2,717)
Customer relationships (7.3)	34,091		(14,379)		15,381		(10,346)
Backlog (a)	220		(220)		220		(220)
Non-compete agreements (a)	470		(470)		470		(470)
Technology licenses (3.0)	22,376		(19,453)		25,945		(22,455)
Total	$	388,955	$	(230,810)	$	228,824	$	(206,793)

(a)Intangible assets are fully amortized.

Amortization expense for intangibles in fiscal years 2022, 2021, and 2020 was $29.0 million, $14.5 million, and $28.3 million, respectively. The following table details the estimated aggregate amortization expense for all intangibles owned as of March 26, 2022, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands):


Fiscal Year
2023	$	31,619
2024	$	27,214
2025	$	25,276
2026	$	24,455
2027	$	21,964
Thereafter	$	27,617

The goodwill balance included on the Consolidated Balance Sheet was $435.8 million and $287.5 million at March 26, 2022 and March 27, 2021, respectively.