Goodwill and Acquisition-Related Intangibles (Tables)

3 Months Ended

Jul. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Gross and net amounts of goodwill and of acquisition-related intangibles

A summary of the goodwill and acquisitions-related intangibles balances as of July 3, 2021 and April 3, 2021 was as follows:

					Weighted-Average
(In thousands)	July 3, 2021		April 3, 2021		Amortization Life
Goodwill	$	633,200	$	620,697
Core technology, gross	269,859		249,847
Less accumulated amortization	(142,073)		(133,007)
Core technology, net	127,786		116,840		3.8 years
Other intangibles, gross	95,759		95,759
Less accumulated amortization	(70,841)		(67,999)
Other intangibles, net	24,918		27,760		3.2 years
In-process research and development	26,992		26,992
Total acquisition-related intangibles, gross	392,610		372,598
Less accumulated amortization	(212,914)		(201,006)
Total acquisition-related intangibles, net	$	179,696	$	171,592

Schedule of expected annual amortization expense for acquisition-related intangibles

Based on the carrying value of acquisition-related intangibles recorded as of July 3, 2021, 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)
2022 (remaining nine months)	$	34,930
2023	45,839
2024	41,589
2025	18,749
2026	10,930
Thereafter	667
Total	$	152,704

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.