Company: CRUS
Filing Date: 2025-05-23
Form Type: 10-K
Source: 0000772406-25-000014
Chunk: 96

Company: CIRRUS LOGIC, INC.
Filing Date: 2025-05-23
Form: 10-K
Item: Item 8
Chunk 96
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)Other income (expense)

54

6.    Accounts Receivable, net

The following are the components of accounts receivable, net (in thousands): March 29, 2025March 30, 2024Gross accounts receivable$216,009 $162,478 Allowance for doubtful accounts— — Accounts receivable, net$216,009 $162,478 The Company regularly evaluates the collectability of accounts receivable based on age, historical customer payment trends and ongoing customer relations.  The allowance for doubtful accounts and recoveries on bad debt were immaterial for fiscal years 2025, 2024, and 2023.

7.    Intangibles, net and Goodwill

The following information details the gross carrying amount, accumulated amortization, and net carrying value of our intangible assets subject to amortization (in thousands):  March 29, 2025March 30, 2024Intangible Category / Weighted-Average Remaining AmortizationPeriod (in years)GrossAmountAccumulatedAmortizationNet Carrying ValueGrossAmountAccumulatedAmortizationNet Carrying ValueExisting technology (3.3)146,146 (124,183)21,963 146,146 (117,595)28,551 Customer relationships (a)15,381 (15,381)— 15,381 (14,840)541 Technology licenses (9.2)16,029 (10,531)5,498 10,692 (10,206)486 Total$177,556 $(150,095)$27,461 $172,219 $(142,641)$29,578  (a)Intangible assets are fully amortized as of March 29, 2025.Amortization expense for intangibles in fiscal years 2025, 2024, and 2023 was $7.6 million, $9.0 million, and $33.7 million, respectively.  The following table details the estimated aggregate amortization expense for all intangibles owned as of March 29, 2025, for each of the five succeeding fiscal years and in the aggregate thereafter (in thousands): Fiscal Year2026$7,290 2027$7,210 2028$7,057 2029$2,613 2030$417 Thereafter$2