Goodwill and Acquisition-Related Intangibles

12 Months Ended

Mar. 28, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Acquisition-Related Intangibles

Goodwill and Acquisition-Related Intangibles

Summaries of goodwill and acquisitions-related intangibles balances as of March 28, 2020 and March 30, 2019 were as follows:

(In thousands)	March 30, 2019		Acquisitions	Other		March 28, 2020
Goodwill	$	340,718	280,153	(1,675	)	$	619,196

							Weighted-Average
(In thousands)	March 28, 2020			March 30, 2019			Amortization Life
Core technology, gross	$	209,131		$	107,250
Less accumulated amortization	(105,007		)	(82,611		)
Core technology, net	104,124			24,639			4.1 years
Other intangibles, gross	95,759			51,016
Less accumulated amortization	(56,531		)	(47,642		)
Other intangibles, net	39,228			3,374			4.1 years
In-process research and development	56,992			52,710
Total acquisition-related intangibles, gross	361,882			210,976
Less accumulated amortization	(161,538		)	(130,253		)
Total acquisition-related intangibles, net	$	200,344		$	80,723

During the second quarter of fiscal 2020, the Company recorded $237.2 million of goodwill and $106.0 million of intangibles attributable to the acquisition of Solarflare Communications, Inc. (Solarflare). See "Note 20. Business Combination" to the Company's consolidated financial statements.

Based on the carrying value of acquisition-related intangibles recorded as of March 28, 2020, 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)
2021	$	38,212
2022	35,401
2023	33,693
2024	29,443
2025	6,603
Total	$	143,352

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.