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GOODWILL AND INTANGIBLE ASSETS | 6 Months Ended
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Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill The balance of goodwill is approximately $1.5 billion as of December 29, 2019 and June 30, 2019, respectively. As of December 29, 2019, $61.1 million of the goodwill balance is tax deductible and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law. Intangible Assets The following table provides the Company’s intangible assets:
| December 29, 2019 |  | June 30, 2019
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
| (in thousands)
Customer relationships | $ | 630,206 |  |  | $ | (508,199 | ) |  | $ | 122,007 |  |  | $ | 630,165 |  |  | $ | (483,204 | ) |  | $ | 146,961 |
Existing technology | 669,488 |  |  | (651,379 | ) |  | 18,109 |  |  | 669,399 |  |  | (647,837 | ) |  | 21,562 |
Patents and other intangible assets | 135,048 |  |  | (82,048 | ) |  | 53,000 |  |  | 126,235 |  |  | (77,808 | ) |  | 48,427 |
Total intangible assets | $ | 1,434,742 |  |  | $ | (1,241,626 | ) |  | $ | 193,116 |  |  | $ | 1,425,799 |  |  | $ | (1,208,849 | ) |  | $ | 216,950 |
The Company recognized $16.5 million and $36.3 million in intangible asset amortization expense during the three months ended December 29, 2019 and December 23, 2018, respectively. The Company recognized $32.7 million and $72.7 million in intangible asset amortization expense during the six months ended December 29, 2019 and December 23, 2018, respectively. The estimated future amortization expense of intangible assets as of December 29, 2019, is reflected in the table below. The table excludes $13.5 million of capitalized costs for intangible assets that have not been placed into service.
Fiscal Year | Amount
| (in thousands)
2020 (remaining 6 months) | $ | 32,742 |
2021 | 63,431 |
2022 | 59,093 |
2023 | 14,025 |
2024 | 7,324 |
Thereafter | 2,962 |
| $ | 179,577 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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