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Intangibles, Net and Goodwill
 12 Months Ended
Mar. 26, 2016
Intangibles, Net And Goodwill [Abstract]  
Intangibles, net and Goodwill

6.      Intangibles, net and Goodwill



The intangibles, net balance included on the Consolidated Balance Sheets was $162.8 million and $175.7 million at March 26, 2016 and March 28, 2015, respectively. 



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

March 26, 2016

 

 

March 28, 2015

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 (6.1)

 

 117,975 

 

 

 (32,873)

 

 

 98,645 

 

 

 (13,596)

In-process research & development ("IPR&D") (7.3)

 

 72,750 

 

 

 (14,082)

 

 

 72,750 

 

 

 (3,918)

Trademarks and tradename (10.0)

 

 3,037 

 

 

 (2,076)

 

 

 3,037 

 

 

 (1,141)

Customer relationships (10.0)

 

 15,381 

 

 

 (2,655)

 

 

 15,381 

 

 

 (1,117)

Backlog (1.0)

 

 220 

 

 

 (147)

 

 

 -

 

 

 -

Non-compete agreements (1.5)

 

 470 

 

 

 (209)

 

 

 -

 

 

 -

Technology licenses (3.2)

 

 16,661 

 

 

 (11,620)

 

 

 23,018 

 

 

 (17,316)

Total

$

 228,324 

 

$

 (65,492)

 

$

 214,661 

 

$

 (38,918)



(a)

Intangible assets are fully amortized.



Amortization expense for intangibles in fiscal years 2016, 2015, and 2014 was $35.7 million,  $18.2 million, and $2.8 million, respectively.  The following table details the estimated aggregate amortization expense for all intangibles owned as of March 26, 2016, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands):





 

 



 

 

For the year ended March 25, 2017

$

 35,345 

For the year ended March 31, 2018

$

 34,693 

For the year ended March 30, 2019

$

 31,936 

For the year ended March 28, 2020

$

 24,543 

For the year ended March 27, 2021

$

 15,270 

Thereafter

$

 21,045 



The goodwill balance included on the Consolidated Balance Sheets is $287.5 million and $263.1 million at March 26, 2016 and March 28, 2015, respectively.  The increase in the goodwill balances primarily resulted from the acquisitions discussed below in Note 7 — Acquisitions.