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Goodwill and Purchased Intangible Assets
3 Months Ended
Mar. 27, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Purchased Intangible Assets

NOTE 6. Goodwill and Purchased Intangible Assets

Goodwill

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

 

Balance at December 26, 2020

 

 

$

306,632

 

Goodwill acquired during the period (Note 2)

 

 

 

7,259

 

Balance at March 27, 2021

 

 

$

313,891

 

Intangible Assets

Purchased intangible assets as of March 27, 2021 and December 26, 2020 are as follows:

 

 

 

Gross Carrying Amount

 

 

Accumulated Amortization

 

 

Net

 

March 27, 2021

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

331,747

 

 

$

121,569

 

 

$

210,178

 

Customer and distributor relationships

 

 

74,701

 

 

 

21,969

 

 

 

52,732

 

Trademarks and trade names

 

 

14,361

 

 

 

5,661

 

 

 

8,700

 

Total finite-lived intangible assets

 

 

420,809

 

 

 

149,199

 

 

 

271,610

 

In-process research and development

 

 

46,600

 

 

 

 

 

 

46,600

 

Total identifiable intangible assets

 

$

467,409

 

 

$

149,199

 

 

$

318,210

 

December 26, 2020

 

 

 

 

 

 

 

 

 

 

 

 

Finite-lived intangibles:

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

$

326,877

 

 

$

110,851

 

 

$

216,026

 

Customer and distributor relationships

 

 

69,261

 

 

 

20,654

 

 

 

48,607

 

Trademarks and trade names

 

 

12,461

 

 

 

5,337

 

 

 

7,124

 

Total finite-lived intangible assets

 

 

408,599

 

 

 

136,842

 

 

 

271,757

 

In-process research and development

 

 

46,600

 

 

 

 

 

 

46,600

 

Total identifiable intangible assets

 

$

455,199

 

 

$

136,842

 

 

$

318,357

 

 

 

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

 

2021 (remainder)

$

36,872

 

2022

 

48,830

 

2023

 

48,355

 

2024

 

42,669

 

2025

 

26,119

 

2026

 

24,926

 

Thereafter

 

43,839

 

Total

$

271,610