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Goodwill and Intangible Assets, Net
9 Months Ended
Jan. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

(4) Goodwill and Intangible Assets, net:

The following table summarizes intangible assets as of January 31, 2022 and April 30, 2021 (in thousands):

 

 

January 31, 2022

 

 

April 30, 2021

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer relationships

 

$

89,980

 

 

$

(66,053

)

 

$

23,927

 

 

$

89,980

 

 

$

(60,347

)

 

$

29,633

 

Developed technology

 

 

21,588

 

 

 

(15,681

)

 

 

5,907

 

 

 

21,588

 

 

 

(14,456

)

 

 

7,132

 

Patents, trademarks, and trade names

 

 

50,138

 

 

 

(37,812

)

 

 

12,326

 

 

 

50,007

 

 

 

(34,308

)

 

 

15,699

 

 

 

 

161,706

 

 

 

(119,546

)

 

 

42,160

 

 

 

161,575

 

 

 

(109,111

)

 

 

52,464

 

Patents in progress

 

 

1,164

 

 

 

 

 

 

1,164

 

 

 

749

 

 

 

 

 

 

749

 

Total definite-lived intangible assets

 

 

162,870

 

 

 

(119,546

)

 

 

43,324

 

 

 

162,324

 

 

 

(109,111

)

 

 

53,213

 

Indefinite-lived intangible assets

 

 

430

 

 

 

 

 

 

430

 

 

 

430

 

 

 

 

 

 

430

 

Total intangible assets

 

$

163,300

 

 

$

(119,546

)

 

$

43,754

 

 

$

162,754

 

 

$

(109,111

)

 

$

53,643

 

 

 

We amortize intangible assets with determinable lives over a weighted-average period of approximately five years. The weighted-average periods of amortization by intangible asset class is approximately five years for customer relationships, six years for developed technology, and five years for patents, trademarks, and trade names. Amortization expense amounted to $3.4 million and $4.1 million for the three months ended January 31, 2022 and 2021, respectively.  Amortization expense amounted to $10.4 million and $12.2 million for the nine months ended January 31, 2022 and 2021, respectively.  

Future expected amortization expense for the remainder of fiscal 2022 and for succeeding fiscal years, as of January 31, 2022, are as follows (in thousands):

Fiscal

 

Amount

 

2022

 

$

3,453

 

2023

 

 

11,436

 

2024

 

 

9,698

 

2025

 

 

6,055

 

2026

 

 

4,962

 

2027

 

 

2,970

 

Thereafter

 

 

3,586

 

Total

 

$

42,160

 

 

 

As of January 31, 2022, we had $64.3 million of goodwill. We did not have any adjustments to goodwill during the nine months ended January 31, 2022 and 2021, respectively. As of January 31, 2022, we had recorded $109.3 million of goodwill impairment charges since fiscal 2015 on gross goodwill of $173.6 million.