v3.24.2.u1
Intangibles, net
3 Months Ended
Jul. 27, 2024
Intangibles, net  
Intangibles, net

7. Intangibles, net

​

The components of intangibles are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

July 27,

​

April 30,

​

​

    

2024

    

2024

​

Technology

​

$

101,163

​

$

101,012

​

Licenses

​

​

1,008

​

​

1,008

​

Customer relationships

​

​

77,379

​

​

77,313

​

Backlog

​

​

2,863

​

​

2,831

​

In-process research and development

​

​

550

​

​

550

​

Non-compete agreements

​

​

320

​

​

320

​

Trademarks and tradenames

​

​

1,668

​

​

1,668

​

Other

​

​

146

​

​

146

​

Intangibles, gross

​

​

185,097

​

​

184,848

​

Less accumulated amortization

​

 

(117,576)

​

 

(112,624)

​

Intangibles, net

​

$

67,521

​

$

72,224

​

​

The weighted average amortization period at each of July 27, 2024 and April 30, 2024 was three years. Amortization expense for the three months ended July 27, 2024 and July 29, 2023 was $4,774,000 and $3,030,000 respectively.

​

Estimated amortization expense for the next five years is as follows (in thousands):

​

​

​

​

​

​

​

    

Year ending

 

​

​

April 30,

 

2025

​

$

14,369

​

2026

​

 

15,022

​

2027

​

 

12,655

​

2028

​

 

11,941

​

2029

​

 

7,764

​

​

​

$

61,751

​

​