Goodwill and Acquisition-Related Intangibles

9 Months Ended

Dec. 28, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisition-Related Intangibles

Goodwill and Acquisition-Related Intangibles

A summary of the goodwill and acquisitions-related intangibles balances as of December 28, 2019 and March 30, 2019 was as follows:

							Weighted-Average
(In thousands)	December 28, 2019			March 30, 2019			Amortization Life
Goodwill	$	619,196		$	340,718
Core technology, gross	$	209,131		$	107,250
Less accumulated amortization	(98,310		)	(82,611		)
Core technology, net	110,821			24,639			4.2 years
Other intangibles, gross	95,759			51,016
Less accumulated amortization	(53,130		)	(47,642		)
Other intangibles, net	42,629			3,374			4.1 years
In-process research and development	56,991			52,710
Total acquisition-related intangibles, gross	361,881			210,976
Less total accumulated amortization	(151,440		)	(130,253		)
Total acquisition-related intangibles, net	$	210,441		$	80,723

Based on the carrying value of acquisition-related intangibles recorded as of December 28, 2019, and assuming no subsequent acquisition or impairment of the underlying assets, the annual amortization expense for acquisition-related intangibles is expected to be as follows:

Fiscal	(In thousands)
2020 (remaining three months)	$	9,616
2021	38,440
2022	35,599
2023	33,749
2024	29,443
Thereafter	6,603
Total	$	153,450

In-process research and development is not subject to amortization prior to the completion of the projects and therefore the balance is excluded from the above annual amortization expense schedule.