Goodwill and Intangible Assets

3 Months Ended

Jul. 02, 2022

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 2, 2022 (1)	$	2,070,554	$	705,080	$	2,775,634
NextInput measurement period adjustments	572		—		572
United SiC measurement period adjustments	—		95		95
Effect of changes in foreign currency exchange rates	(9,424)		—		(9,424)
Balance as of July 2, 2022 (1)	$	2,061,702	$	705,175	$	2,766,877

(1) The Company’s goodwill balance is presented net of accumulated impairment losses and write-offs totaling $669.6 million, which were recognized in fiscal years 2009, 2013, 2014 and 2022.

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

	July 2, 2022				April 2, 2022
	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Developed technology	$	861,355	$	294,286	$	1,026,690	$	420,255
Customer relationships	104,207		52,234		104,778		47,208
Technology licenses	677		260		2,641		2,169
Trade names	877		414		1,933		1,358
In-process research and development	9,670		N/A		9,734		N/A
Total (1)	$	976,786	$	347,194	$	1,145,776	$	470,990

(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.