Goodwill and Intangibles, Net

12 Months Ended

Mar. 29, 2014

Goodwill and Intangibles, Net [Abstract]

6. Goodwill and Intangibles, net

The goodwill balance included on the Consolidated Balance Sheets under the caption “Goodwill and intangibles, net” is $16.4 million and $6.0 million at March 29, 2014 and March 30, 2013, respectively. The increase in the goodwill and intangibles balances resulted from the acquisition discussed below in Note 7 - Acquisition.

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



		March 29, 2014				March 30, 2013
Intangible Category (Weighted-Average Amortization period (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 (10.1)		9,826		(4,206)		5,566		(3,802)
Trademarks and tradename (b)		1,600		(384)		320		(320)
Customer relationships (10.0)		2,400		(120)		-		-
Technology licenses (3.2)		18,000		(15,117)		16,303		(13,417)
Total	$	33,656	$	(21,657)	$	24,019	$	(19,369)

(a)

Intangible assets are fully amortized.

(b)

Trademark assets are fully amortized. The tradename is being amortized over a period of ten years.

Amortization expense for intangibles in fiscal years 2014, 2013, and 2012 was $2.8 million, $3.4 million, and $3.7 million, respectively. The following table details the estimated aggregate amortization expense for all intangibles owned as of March 29, 2014, for each of the five succeeding fiscal years (in thousands):



For the year ended March 28, 2015	$	3,443
For the year ended March 26, 2016	$	2,295
For the year ended March 25, 2017	$	1,101
For the year ended March 31, 2018	$	794
For the year ended March 30, 2019	$	794

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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