Goodwill and Acquisition-Related Intangibles

12 Months Ended

Apr. 02, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisition-Related Intangibles

As of April 2, 2016 and March 28, 2015, the gross and net amounts of goodwill and of acquisition-related intangibles for all acquisitions were as follows:



							Weighted-Average
(In thousands)	2016			2015			Amortization Life
Goodwill	$	159,296		$	159,296
Core technology, gross	77,640			77,640			5.6 years
Less accumulated amortization	(71,472		)	(64,988		)
Core technology, net	6,168			12,652
Other intangibles, gross	46,606			46,606			2.7 years
Less accumulated amortization	(46,572		)	(46,506		)
Other intangibles, net	34			100
Total acquisition-related intangibles, gross	124,246			124,246
Less accumulated amortization	(118,044		)	(111,494		)
Total acquisition-related intangibles, net	$	6,202		$	12,752

Amortization expense for acquisition-related intangibles for fiscal 2016, 2015 and 2014 were $6.6 million, $9.5 million and $9.9 million, respectively. Based on the carrying value of acquisition-related intangibles recorded as of April 2, 2016, and assuming no subsequent impairment of the underlying assets, the annual amortization expense for acquisition-related intangibles is expected to be as follows:



Fiscal	(In thousands)
2017	$	4,761
2018	1,374
2019	67
Total	$	6,202

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details