v3.24.0.1
Intangible Assets, Net
9 Months Ended
Jan. 31, 2024
Intangible Assets, Net (Excluding Goodwill) [Abstract]  
Intangible Assets, Net

(4) Intangible Assets, net:

The following table summarizes intangible assets as of January 31, 2024 and April 30, 2023 (in thousands):

 

 

 

January 31, 2024

 

 

April 30, 2023

 

 

 

Gross

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

Amount

 

Amount

 

Amortization

 

 

Amount

 

Customer relationships

 

$

89,980

 

 

$

(77,667

)

 

$

12,313

 

 

$

89,980

 

 

$

(74,035

)

 

$

15,945

 

Developed software and technology

 

 

27,761

 

 

 

(19,697

)

 

 

8,064

 

 

 

31,022

 

 

 

(21,978

)

 

 

9,044

 

Patents, trademarks, and trade names

 

 

69,344

 

 

 

(48,541

)

 

 

20,803

 

 

 

68,943

 

 

 

(44,042

)

 

 

24,901

 

 

 

187,085

 

 

 

(145,905

)

 

 

41,180

 

 

 

189,945

 

 

 

(140,055

)

 

 

49,890

 

Patents and software in development

 

 

1,663

 

 

 

—

 

 

 

1,663

 

 

 

1,701

 

 

 

—

 

 

 

1,701

 

Total definite-lived intangible assets

 

 

188,748

 

 

 

(145,905

)

 

 

42,843

 

 

 

191,646

 

 

 

(140,055

)

 

 

51,591

 

Indefinite-lived intangible assets

 

 

430

 

 

 

—

 

 

 

430

 

 

 

430

 

 

 

—

 

 

 

430

 

Total intangible assets

 

$

189,178

 

 

$

(145,905

)

 

$

43,273

 

 

$

192,076

 

 

$

(140,055

)

 

$

52,021

 

 

We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed software and technology, and six years for patents, trademarks, and trade names. Amortization expense amounted to $3.3 million and $3.6 million for the three months ended January 31, 2024 and 2023, respectively. Amortization expenses amounted to $9.7 million and $10.4 million for the nine months ended January 31, 2024 and 2023, respectively.

Future expected amortization expense for the remainder of fiscal 2024 and for succeeding fiscal years, as of January 31, 2024, are as follows (in thousands):

 

Fiscal

 

Amount

 

2024

 

$

3,292

 

2025

 

 

9,659

 

2026

 

 

8,310

 

2027

 

 

5,893

 

2028

 

 

4,486

 

Thereafter

 

 

9,540

 

Total

 

$

41,180