XML 34 R21.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Jun. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The balance of goodwill was $1.6 billion and $1.5 billion as of June 25, 2023 and June 26, 2022, respectively. As of June 25, 2023 and June 26, 2022, $65.4 million and $62.0 million, respectively, of the goodwill balance is tax deductible, and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law. No goodwill impairments were recognized in fiscal years 2023, 2022, or 2021. Refer t o Note 21: Business Combina tion s for additional information regarding the Company’s goodwill balance. Intangible Assets The following table provides details of the Company’s intangible assets, other than goodwill:
| June 25, 2023 |  | June 26, 2022
| Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
| (in thousands)
Customer relationships | $ | 644,138 |  |  | $ | (631,420) |  |  | $ | 12,718 |  |  | $ | 633,252 |  |  | $ | (627,376) |  |  | $ | 5,876 |
Existing technology | 717,331 |  |  | (674,549) |  |  | 42,782 |  |  | 676,924 |  |  | (664,278) |  |  | 12,646 |
Patents and other intangible assets | 199,532 |  |  | (116,659) |  |  | 82,873 |  |  | 167,821 |  |  | (84,493) |  |  | 83,328 |
Intangible assets subject to amortization | 1,561,001 |  |  | (1,422,628) |  |  | 138,373 |  |  | 1,477,997 |  |  | (1,376,147) |  |  | 101,850 |
In process research and development | 30,081 |  |  | — |  |  | 30,081 |  |  | — |  |  | — |  |  | — |
Total intangible assets | $ | 1,591,082 |  |  | $ | (1,422,628) |  |  | $ | 168,454 |  |  | $ | 1,477,997 |  |  | $ | (1,376,147) |  |  | $ | 101,850 |
The Company recognized $51.5 million, $78.0 million, and $70.6 million in intangible asset amortization expense during fiscal years 2023, 2022, and 2021, respectively. No intangible asset impairments were recognized in fiscal years 2023, 2022, or 2021. The estimated future amortization expense of intangible assets as of June 25, 2023, is reflected in the table below. The table excludes $18.9 million of capitalized costs for intangible assets that have not yet been placed into service.
Fiscal Year | Amount
| (in thousands)
2024 | $ | 42,007 |
2025 | 27,423 |
2026 | 17,307 |
2027 | 12,797 |
2028 | 9,259 |
Thereafter | 10,678 |
| $ | 119,471 |
Refer t o Note 21: Business Combinations for additional information regarding the Company’s intangible assets.

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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration