XML 28 R18.htm IDEA: XBRL DOCUMENT
v3.22.1

GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
--- | ---
Mar. 27, 2022
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 March 27, 2022 and June 27, 2021. As of March 27, 2022 and June 27, 2021, $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, other than goodwill:
| March 27, 2022 |  | June 27, 2021
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
| (in thousands)
Customer relationships | $ | 633,506 |  |  | $ | (617,790) |  |  | $ | 15,716 |  |  | $ | 630,303 |  |  | $ | (581,406) |  |  | $ | 48,897 |
Existing technology | 677,455 |  |  | (663,208) |  |  | 14,247 |  |  | 669,359 |  |  | (659,898) |  |  | 9,461 |
Patents and other intangible assets | 160,889 |  |  | (77,546) |  |  | 83,343 |  |  | 132,774 |  |  | (58,767) |  |  | 74,007 |
Total intangible assets | $ | 1,471,850 |  |  | $ | (1,358,544) |  |  | $ | 113,306 |  |  | $ | 1,432,436 |  |  | $ | (1,300,071) |  |  | $ | 132,365 |
The Company recognized $20.4 million and $17.9 million in intangible asset amortization expense during the three months ended March 27, 2022 and March 28, 2021, respectively. The Company recognized $58.9 million and $52.3 million in intangible asset amortization expense during the nine months ended March 27, 2022 and March 28, 2021, respectively. The estimated future amortization expense of intangible assets as of March 27, 2022, is reflected in the table below. The table excludes $19.9 million of capitalized costs for internal-use software that have not been placed into service.
Fiscal Year | Amount
| (in thousands)
2022 (remaining 3 months) | $ | 17,977 |
2023 | 32,788 |
2024 | 20,764 |
2025 | 11,154 |
2026 | 5,272 |
Thereafter | 5,480 |
| $ | 93,435 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration