GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)

12 Months Ended

Apr. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of goodwill by segment

The changes in the carrying amount of goodwill allocated to the Company's reportable segments for Fiscal Year 2021 and Fiscal Year 2020 are as follows:

(in thousands)	Poly Reportable Segment		Products Reportable Segment		Services Reportable Segment		Total Consolidated
Balance as of March 30, 2019	$	1,278,380	$	—	$	—	$	1,278,380
Acquisition measurement period adjustments	1,517						1,517
Impairment prior to re-segmentation	(323,088)		—		—		(323,088)
Allocation due to re-segmentation	(956,809)		789,561		167,248		—
Impairment after re-segmentation	—		(160,593)				(160,593)
Balance as of March 28, 2020	—		628,968		167,248		796,216
Balance as of April 3, 2021	$	—	$	628,968	$	167,248	$	796,216

Details of acquired intangible assets

The following table shows the fair value of the separately identifiable intangible assets at the time of Acquisition and the period over which each intangible asset will be amortized:

(in thousands, except for remaining life)	Fair Value		Weighted-Average Amortization Period
Existing technology	$	538,600	4.95
Customer relationships	245,100		5.46
Trade name/Trademarks	115,600		9.00
Backlog	28,100		0.25
Total amortizable intangible assets acquired	927,400		5.45
In-process research and development	58,000
Total acquired intangible assets	$	985,400

As of April 3, 2021 and March 28, 2020, the carrying value of Purchased Intangibles, excluding fully amortized assets, is as follows:

	April 3, 2021							March 28, 2020
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Existing technology	$	427,123	$	(277,071)	$	150,052	2.3 years	$	427,123	$	(208,848)	$	218,275
Customer relationships	240,024		(128,740)		111,284		3.2 years	240,024		(84,506)		155,518
Trade names/Trademarks	115,600		(35,322)		80,278		6.3 years	115,600		(22,478)		93,122
Purchased intangibles	$	782,747	$	(441,133)	$	341,614	3.5 years	$	782,747	$	(315,832)	$	466,915

Details of acquired intangible assets

The following table shows the fair value of the separately identifiable intangible assets at the time of Acquisition and the period over which each intangible asset will be amortized:

(in thousands, except for remaining life)	Fair Value		Weighted-Average Amortization Period
Existing technology	$	538,600	4.95
Customer relationships	245,100		5.46
Trade name/Trademarks	115,600		9.00
Backlog	28,100		0.25
Total amortizable intangible assets acquired	927,400		5.45
In-process research and development	58,000
Total acquired intangible assets	$	985,400

As of April 3, 2021 and March 28, 2020, the carrying value of Purchased Intangibles, excluding fully amortized assets, is as follows:

	April 3, 2021							March 28, 2020
(in thousands)	Gross Carrying Value		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Useful Life	Gross Carrying Value		Accumulated Amortization		Net Carrying Amount
Existing technology	$	427,123	$	(277,071)	$	150,052	2.3 years	$	427,123	$	(208,848)	$	218,275
Customer relationships	240,024		(128,740)		111,284		3.2 years	240,024		(84,506)		155,518
Trade names/Trademarks	115,600		(35,322)		80,278		6.3 years	115,600		(22,478)		93,122
Purchased intangibles	$	782,747	$	(441,133)	$	341,614	3.5 years	$	782,747	$	(315,832)	$	466,915

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

As of April 3, 2021, expected amortization expense attributable to Purchased Intangibles for each of the next five years and thereafter is as follows:

in thousands	Amount
2022	$	113,858
2023	111,232
2024	65,936
2025	21,688
2026	12,844
Thereafter	16,056
Total	$	341,614