v3.25.3
Goodwill and intangible assets
 6 Months Ended
Sep. 26, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
Goodwill
During the six-month period ended September 26, 2025, additions to the Company’s goodwill are driven by its acquisitions of Bentek Corporation (“Bentek”), OnSight Technology, Inc. (“OnSight”), and Origami Solar, Inc., (“Origami”) as further described in Note 11.
The following table summarizes the activity in the Company’s goodwill during the six-month period ended September 26, 2025 (in thousands):
Balance as of March 31, 2025$371,018
Additions102,649 
Balance as of September 26, 2025$473,667
Other intangible assets
During the six-month period ended September 26, 2025, the total gross value of other intangible assets increased by $33.5 million, primarily consisting of $30.7 million of developed technology and $2.1 million of trade name. This increase is primarily driven by the recent business acquisitions as further described in Note 11.
The components of identifiable intangible assets are as follows:
As of September 26, 2025As of March 31, 2025
Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount		Gross
carrying
amount		Accumulated
amortization		Net
carrying
amount
(In thousands)
Developed technology$69,969$(5,027)$64,942$39,200$(2,394)$36,806
Customer relationships18,543(4,579)13,96418,000(2,779)15,221
Trade name and other intangibles
5,157(2,347)2,8103,018(1,804)1,214
Total
$93,669$(11,953)$81,716$60,218$(6,977)$53,241
The gross carrying amount of other intangible assets are removed when fully amortized. Total intangible asset amortization expense recognized in operations during the three and six-month periods ended September 26, 2025 and September 27, 2024 was as follows:
Three-month periods endedSix-month periods ended
September 26, 2025September 27, 2024September 26, 2025September 27, 2024
(In thousands)
Cost of sales
$1,649$896$2,808$984
Selling general and administrative expense
1,2699792,169979
Total amortization expense
$2,918$1,875$4,977$1,963
The estimated future annual amortization expense for the acquired finite-lived intangible assets as of September 26, 2025 is as follows:
Fiscal year ending March 31,Amount
(In thousands)
2026 (1)$6,434
202712,470
202811,336
202910,967
20308,014
Thereafter32,477
Total amortization expense
$81,698
(1)Represents estimated amortization for the remaining fiscal six-month period ending March 31, 2026.