Goodwill and Other Intangible Assets

12 Months Ended

Apr. 27, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying value of goodwill for each of our reportable segments for the fiscal year ended April 27, 2019 are as follows:



	Balance at April 28, 2018		Acquisition Activity		Other Activity			Balance at April 27, 2019
Dental	$	139,654	$	—	$	(494	)	$	139,160
Animal Health	676,323		2,047		(1,304		)	677,066
Corporate	—		—		—			—
Total	$	815,977	$	2,047	$	(1,798	)	$	816,226

Other activity in fiscal 2019 primarily consists of the impact from foreign currency translation.

Balances of other intangible assets, excluding goodwill, are as follows:



	April 27, 2019						April 28, 2018
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Unamortized - indefinite lived:
Copyrights, trade names and trademarks	$	12,300	$	—	$	12,300	$	29,900	$	—	$	29,900
Amortized - definite lived:
Customer relationships	353,639		113,812		239,827		355,488		91,374		264,114
Trade names and trademarks	133,202		61,435		71,767		129,973		49,545		80,428
Developed technology and other	70,469		43,210		27,259		55,326		40,344		14,982
Total amortized intangible assets	557,310		218,457		338,853		540,787		181,263		359,524
Total identifiable intangible assets	$	569,610	$	218,457	$	351,153	$	570,687	$	181,263	$	389,424

In fiscal 2006, we extended our exclusive North American distribution relationship with Sirona Dental Systems for its CEREC 3D dental restorative system. At that time, we paid a $100,000 distribution fee to extend the existing exclusive relationship for at least a 10-year period beginning in 2007. This distribution fee was accounted for as an intangible asset and began amortizing in 2007. Based on our November 2016 decision not to extend sales exclusivity for the full Sirona portfolio of products, we recorded a pre-tax non-cash impairment charge of $36,312 in our Dental segment in the third quarter fiscal 2017, related to the distribution fee associated with the CEREC product component of this arrangement. This charge was recorded within operating expenses in the consolidated statements of income and other comprehensive income.

In fiscal 2019, $17,600 of indefinite lived assets were reclassified to definite lived assets.

With respect to the amortized intangible assets, future amortization expense is expected to approximate $37,236, $37,135, $36,824, $36,232 and $35,575 for fiscal 2020, 2021, 2022, 2023 and 2024, respectively. Actual amounts of amortization expense may differ from estimated amounts due to additional intangible asset acquisitions, changes in foreign currency exchange rates, impairment of intangible assets, accelerated amortization of intangible assets and other events.