PURCHASED INTANGIBLE ASSETS

3 Months Ended

Jul. 02, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

PURCHASED INTANGIBLE ASSETS

PURCHASED INTANGIBLE ASSETS

As of July 2, 2022 and April 2, 2022, the carrying value of purchased intangible assets is as follows:

	July 2, 2022							April 2, 2022
(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	$	429,923	$	(358,575)	$	71,348	1.1 years	$	429,923	$	(342,103)	$	87,820
Customer relationships	240,024		(173,157)		66,867		2.0 years	240,024		(164,799)		75,225
Trade name/Trademarks	115,600		(51,378)		64,222		5.0 years	115,600		(48,167)		67,433
Total intangible assets	$	785,547	$	(583,110)	$	202,437	2.6 years	$	785,547	$	(555,069)	$	230,478

During the three months ended July 2, 2022 and July 3, 2021, the Company recognized amortization expense of $28.0 million and $30.4 million, respectively.

Future amortization expense attributable to purchased intangible assets as of July 2, 2022 was as follows:

(in thousands)	Amount
2023 (remaining nine months)	84,124
2024	66,869
2025	22,544
2026	12,844
2027	12,844
Thereafter	3,212
Total	$	202,437