v3.24.3
Goodwill & Intangible Assets
 12 Months Ended
Sep. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table outlines changes to the carrying amount of goodwill (in thousands):
 Goodwill
Balance as of September 30, 2022$365,147 
Acquired goodwill (1)
36,344 
Translation adjustments2,683 
Measurement period adjustments4,235 
Balance as of September 30, 2023$408,409 
Acquired goodwill (1)
120,667 
Translation adjustments4,132 
Balance as of September 29, 2024$533,208 
(1)     Refer to Note 15 "Business Combinations" for additional information related to our acquired goodwill, including the correction of an immaterial error impacting goodwill and amounts payable to patent administrative program partners.
Intangible Assets
Intangible assets are stated at their original cost less accumulated amortization, and principally consist of acquired patents, technology, customer relationships and contracts, and trademarks. Intangible assets subject to amortization consisted of the following (in thousands):
 September 27, 2024September 29, 2023
Intangible Assets, NetCostAccumulated
Amortization		NetCostAccumulated
Amortization		Net
Acquired patents and technology$579,768 $(293,389)$286,379 $350,406 $(270,750)$79,656 
Customer relationships220,200 (72,374)147,826 148,794 (61,049)87,745 
Other intangible assets23,125 (22,816)309 22,781 (22,755)26 
Total$823,093 $(388,579)$434,514 $521,981 $(354,554)$167,427 
During fiscal 2024, we acquired $274.2 million and $24.6 million of identifiable intangible assets in connection with the acquisitions of GE Licensing and THEO, respectively. During fiscal 2023, we acquired $86.0 million of identifiable intangible assets in connection with the acquisition of MPEG LA. Refer to Note 15 "Business Combinations" for additional information.
Amortization expense for our intangible assets is included in cost of licensing, cost of products and services, R&D, S&M, and G&A expenses in our consolidated statements of operations. Amortization expense was $33.2 million, $28.6 million, and $29.0 million in fiscal 2024, 2023 and 2022, respectively. As of September 27, 2024, expected amortization expense of our intangible assets in future fiscal periods was as follows (in thousands):
Fiscal Year Amortization Expense
2025$46,834 
202646,315 
202745,615 
202843,578 
202943,453 
Thereafter208,719 
Total$434,514