PURCHASED INTANGIBLE ASSETS

3 Months Ended

Jul. 03, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

As of July 3, 2021 and April 3, 2021, the carrying value of purchased intangibles, excluding fully amortized assets and goodwill, is as follows:

	July 3, 2021							April 3, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Remaining Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Amortizing Assets
Existing technology	$	427,123	$	(293,310)	$	133,813	2.1 years	$	427,123	$	(277,071)	$	150,052
Customer relationships	240,024		(139,724)		100,300		3.0 years	240,024		(128,740)		111,284
Trade name/Trademarks	115,600		(38,533)		77,067		6.0 years	115,600		(35,322)		80,278
Total intangible assets	$	782,747	$	(471,567)	$	311,180	3.3 years	$	782,747	$	(441,133)	$	341,614

During the three months ended July 3, 2021 and June 27, 2020, the Company recognized amortization expense of $30.4 million and $32.4 million, respectively.

Expected amortization expense attributable to purchased intangibles for each of the next five years and thereafter as of July 3, 2021 is as follows:

(in thousands)	Amount
2022 (remaining nine months)	$	83,424
2023	111,232
2024	65,936
2025	21,688
2026	12,844
Thereafter	16,056
	$	311,180