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Intangibles, Net
12 Months Ended
Mar. 28, 2015
Goodwill and Intangibles, Net [Abstract]  
Intangible Assets Disclosure [Text Block]

6.      Intangibles, net

 

The intangibles, net balance included on the Consolidated Balance Sheets was $175.7 million and $12.0 million at March 28, 2015 and March 29, 2014, respectively.  The increase in the intangibles balance primarily resulted from the Acquisition discussed below in Note 7 - Acquisition. 

 

The following information details the gross carrying amount and accumulated amortization of our intangible assets (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 28, 2015

 

 

March 29, 2014

Intangible Category / Weighted-Average Amortization period (in years)

 

Gross Amount

 

 

Accumulated Amortization

 

 

Gross Amount

 

 

Accumulated Amortization

Core technology (a)

$

1,390 

 

$

(1,390)

 

$

1,390 

 

$

(1,390)

License agreement (a)

 

440 

 

 

(440)

 

 

440 

 

 

(440)

Existing technology (6.5)

 

98,645 

 

 

(13,596)

 

 

9,826 

 

 

(4,206)

In-process research & development ("IPR&D") (7.3)

 

72,750 

 

 

(3,918)

 

 

 -

 

 

 -

Trademarks and tradename (5.4)

 

3,037 

 

 

(1,141)

 

 

1,600 

 

 

(384)

Customer relationships (10.0)

 

15,381 

 

 

(1,117)

 

 

2,400 

 

 

(120)

Technology licenses (3.1)

 

23,018 

 

 

(17,316)

 

 

18,000 

 

 

(15,117)

Total

$

214,661 

 

$

(38,918)

 

$

33,656 

 

$

(21,657)

 

(a)

Intangible assets are fully amortized.

 

Amortization expense for intangibles in fiscal years 2015, 2014, and 2013 was $18.2 million, $2.8 million, and $3.4 million, respectively.  The following table details the estimated aggregate amortization expense for all intangibles owned as of March 28, 2015, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands):

 

 

 

 

 

 

 

For the year ended March 26, 2016

$

32,304 

For the year ended March 25, 2017

$

29,020 

For the year ended March 31, 2018

$

27,742 

For the year ended March 30, 2019

$

27,053 

For the year ended March 28, 2020

$

26,370 

Thereafter

$

33,266