v3.24.3
Goodwill & Intangible Assets (Tables)
12 Months Ended
Sep. 27, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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 
Schedule of Finite-Lived 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 
Future Amortization Expense 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