SYNAPTICS IncSYNA

SYNAPTICS Inc Goodwill & Intangibles Disclosure

10-KFiled Aug 21, 20252 min read
Goodwill and Acquired Intangible Assets
Goodwill was as follows:
20252024
Beginning balance$816.4 $816.4 
Acquisition activity55.9 — 
Ending balance$872.3 $816.4 
The gross carrying value and related accumulated amortization of acquired intangible assets were as follows:
 Weighted Average
Life in Years		20252024
 Gross Carrying
Value		Accumulated
Amortization 		Net Carrying
Value		Gross Carrying
Value		Accumulated
Amortization 		Net Carrying
Value
Audio and video technology5.6$231.9 $(198.4)$33.5 $231.9 $(175.5)$56.4 
Customer relationships4.7187.1 (150.7)36.4 158.2 (134.1)24.1 
Wireless connectivity technology5.3271.9 (139.6)132.3 245.5 (90.1)155.4 
Video interface technology3.4133.0 (97.9)35.1 133.0 (85.2)47.8 
Other2.952.1 (34.0)18.1 26.1 (21.4)4.7 
IPR&DNot applicable6.8 — 6.8 — — — 
4.9$882.8 $(620.6)$262.2 $794.7 $(506.3)$288.4 
Amortization expense is calculated using the straight-line method over the estimated useful lives of the acquired intangibles. IPR&D will be accounted for as an indefinite-lived intangible asset and will not be amortized until the underlying project reaches technological feasibility and commercial production, at which point the IPR&D will be amortized over the estimated useful life. Useful lives for these IPR&D projects are expected to range between 3 to 10 years. In the event the IPR&D is abandoned, the related assets will be written off. The total amortization expense for acquired intangible assets was $114.2 million in fiscal 2025, $81.6 million in fiscal 2024 and $130.4 million in fiscal 2023. This amortization expense was included in the accompanying consolidated statements of operations as acquired intangibles amortization and cost of revenue.
Expected annual aggregate amortization expense in future fiscal years are as follows:
2026$112.5 
202762.2 
202842.5 
202919.4 
20309.8 
Thereafter9.0 
To be determined6.8 
Future amortization$262.2 
Impairment of indefinite-lived intangible assets
During fiscal 2025, we recorded an intangible asset impairment charge of $13.8 million related to a license of certain technology we acquired in fiscal 2024. We recorded the impairment charge due to a lack of potential customers, no alternative uses for the acquired technology and no further development or investment planned for this project. The impairment charge was presented as an operating expense in our consolidated statement of operations.
During fiscal 2024, we recorded an indefinite-lived intangible asset impairment charge of $16.0 million of IPR&D from our December 2021 acquisition of DSP Group, Inc. (“DSPG”). We recorded the impairment charge as a result of a lack of commitment from certain key customers, no anticipated customer migration to the IPR&D technologies acquired from DSPG and no further development or investment planned for this project. The impairment charge was presented as an operating expense in our consolidated statement of operations.

Historical Timeline

Fiscal YearFiled
2025Aug 21, 2025Showing above
2024Aug 23, 2024
2023Aug 18, 2023
2022Aug 22, 2022
2021Aug 23, 2021
2020Aug 21, 2020
2019Aug 23, 2019
2018Aug 24, 2018
2017Aug 18, 2017
2016Aug 26, 2016

About Goodwill & Intangibles Disclosures

Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.

Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.

Other Available Disclosures

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