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Purchased Intangible Assets
3 Months Ended
Mar. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Purchased Intangible Assets

NOTE 5. Purchased Intangible Assets

Intangible Assets

Purchased intangible assets as of March 30, 2024 and December 30, 2023 are as follows:

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

March 30, 2024

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

Developed technology

 

$

378,197

 

 

$

266,019

 

 

$

112,178

 

Customer and distributor relationships

 

 

73,321

 

 

 

35,929

 

 

 

37,392

 

Trademarks and trade names

 

 

14,171

 

 

 

9,478

 

 

 

4,693

 

Total identifiable intangible assets

 

$

465,689

 

 

$

311,426

 

 

$

154,263

 

December 30, 2023

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

Developed technology

 

$

378,197

 

 

$

254,350

 

 

$

123,847

 

Customer and distributor relationships

 

 

73,321

 

 

 

34,782

 

 

 

38,539

 

Trademarks and trade names

 

 

14,171

 

 

 

9,182

 

 

 

4,989

 

Total identifiable intangible assets

 

$

465,689

 

 

$

298,314

 

 

$

167,375

 

Assuming no change in the gross carrying value of identifiable intangible assets and estimated lives, future estimated amortization expenses are:
 

 

Expected Amortization

 

Fiscal Year:

Expense

 

2024 (remainder)

$

36,025

 

2025

 

32,587

 

2026

 

31,394

 

2027

 

23,173

 

2028

 

12,288

 

2029

 

5,038

 

Thereafter

 

13,758

 

Total

$

154,263