Goodwill and Intangible Assets

3 Months Ended

Jul. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND INTANGIBLE ASSETS

The changes in the carrying amount of goodwill are as follows (in thousands):

	Mobile Products		Infrastructure and Defense Products		Total
Balance as of April 3, 2021 (1)	$	2,034,383	$	608,325	$	2,642,708
Goodwill resulting from NextInput acquisition (Note 4)	93,998		—		93,998
7Hugs measurement period adjustments	(241)		—		(241)
Effect of changes in foreign currency exchange rates	1,161		—		1,161
Balance as of July 3, 2021 (1)	$	2,129,301	$	608,325	$	2,737,626

(1) The Company’s goodwill balance is presented net of accumulated impairment losses and write-offs of $621.6 million.

The following summarizes information regarding the gross carrying amounts and accumulated amortization of intangible assets (in thousands):

	July 3, 2021				April 3, 2021
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Developed technology	$	920,228	$	332,042	$	1,295,113	$	750,044
Customer relationships	86,272		28,278		459,052		403,407
Technology licenses	2,239		1,998		2,368		2,076
Backlog	—		—		1,600		1,600
Trade names	1,597		830		1,090		636
IPRD	9,712		N/A		9,695		N/A
Total (1)	$	1,020,048	$	363,148	$	1,768,918	$	1,157,763

(1) Amounts include the impact of foreign currency translation

At the beginning of each fiscal year, the Company removes the gross asset and accumulated amortization amounts of intangible assets that have reached the end of their useful lives and have been fully amortized. Useful lives are estimated based on the expected economic benefit to be derived from the intangible assets.

Total intangible assets amortization expense was $37.4 million for the three months ended July 3, 2021, and $72.1 million for the three months ended June 27, 2020.