XML 27 R13.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangibles, Net and Goodwill
 12 Months Ended
Mar. 25, 2017
Intangibles, Net And Goodwill [Abstract]  
Intangibles, net and Goodwill

6.      Intangibles, net and Goodwill



The intangibles, net balance included on the Consolidated Balance Sheet was $135.2 million and $162.8 million at March 25, 2017 and March 26, 2016, respectively. 



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





 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

March 25, 2017

 

 

March 26, 2016

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 

 

 

 (53,960)

 

 

 117,975 

 

 

 (32,873)

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

 

 72,750 

 

 

 (24,245)

 

 

 72,750 

 

 

 (14,082)

Trademarks and tradename (10.0)

 

 3,037 

 

 

 (2,208)

 

 

 3,037 

 

 

 (2,076)

Customer relationships (10.0)

 

 15,381 

 

 

 (4,191)

 

 

 15,381 

 

 

 (2,655)

Backlog (a)

 

 220 

 

 

 (220)

 

 

 220 

 

 

 (147)

Non-compete agreements (a)

 

 470 

 

 

 (470)

 

 

 470 

 

 

 (209)

Technology licenses (3.1)

 

 24,540 

 

 

 (13,891)

 

 

 16,661 

 

 

 (11,620)

Total

$

 236,203 

 

$

 (101,015)

 

$

 228,324 

 

$

 (65,492)



(a)

Intangible assets are fully amortized.



Amortization expense for intangibles in fiscal years 2017, 2016, and 2015 was $37.4 million, $35.7 million,  and $18.2 million, respectively.  The following table details the estimated aggregate amortization expense for all intangibles owned as of March 25, 2017, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands):





 

 



 

 

For the year ended March 31, 2018

$

 37,563 

For the year ended March 30, 2019

$

 35,660 

For the year ended March 28, 2020

$

 26,499 

For the year ended March 27, 2021

$

 15,895 

For the year ended March 26, 2022

$

 12,145 

Thereafter

$

 8,523 



The goodwill balance included on the Consolidated Balance Sheet is $286.8 million and $287.5 million at March 25, 2017 and March 26, 2016, respectively.