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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Rollforward The following table presents goodwill carrying value and the movements by reporting unit during the fiscal years ended June 30, 2021 and 2020(1):
(In thousands)Wafer Inspection and Patterning
Global Service and Support (“GSS”)
Specialty Semiconductor ProcessPCB and Display Component InspectionTotal
Balance as of June 30, 2019$360,615 $25,908 $821,842 $989,918 $13,575 $2,211,858 
Acquired goodwill56,180 — — — — 56,180 
Goodwill adjustments166 — 4,195 29,773 — 34,134 
Goodwill impairment— — (144,179)(112,470)— (256,649)
Foreign currency adjustment(121)— — — — (121)
Balance as of June 30, 2020416,840 25,908 681,858 907,221 13,575 2,045,402 
Goodwill disposal from sale of business(2)
— — — (34,250)— (34,250)
Foreign currency adjustment20 — — — — 20 
Balance as of June 30, 2021$416,860 $25,908 $681,858 $872,971 $13,575 $2,011,172 
_________________
(1)No goodwill was assigned to the Other reporting unit, and accordingly is not disclosed in the table above.
(2)Refer to the Non-controlling Interest section of Note 10 “Equity, Long-term Incentive Compensation Plans and Non-Controlling Interest” for more information on the sale of PixCell Medical Technologies Ltd. (“PixCell”).
Schedule of Purchased Intangible Assets
The components of purchased intangible assets as of the dates indicated below were as follows:
(In thousands)As of June 30, 2021As of June 30, 2020
Category Range of
Useful Lives
(in years)
Gross
Carrying
Amount
Accumulated
Amortization and Impairment
Net
Amount
Gross
Carrying
Amount
Accumulated
Amortization and Impairment
Net
Amount
Existing technology
4-8
$1,382,612 $499,219 $883,393 $1,269,883 $342,623 $927,260 
Customer relationships
4-9
305,817 131,386 174,431 305,817 98,754 207,063 
Trade name/trademark
4-7
117,383 53,493 63,890 117,383 39,216 78,167 
Backlog and other
<1-9
50,403 49,962 441 50,404 47,215 3,189 
Intangible assets subject to amortization1,856,215 734,060 1,122,155 1,743,487 527,808 1,215,679 
In-process research and development63,256 100 63,156 175,834 100 175,734 
Total$1,919,471 $734,160 $1,185,311 $1,919,321 $527,908 $1,391,413 
Schedule of Amortization Expense for Purchased Intangible Assets
Amortization expense for purchased intangible assets for the periods indicated below was as follows:
Year Ended June 30,
(In thousands)202120202019
Amortization expense - Cost of revenues$156,596 $145,823 $52,387 
Amortization expense - Selling, general and administrative49,531 74,532 34,992 
Amortization expense - Research and development125 224 13 
Total $206,252 $220,579 $87,392 
Schedule of Remaining Estimated Amortization Expense
Based on the purchased intangible assets’ gross carrying value recorded as of June 30, 2021, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal Year Ending June 30:Amortization
(In thousands)
2022$209,349 
2023208,257 
2024205,740 
2025193,521 
2026178,346 
Thereafter126,942 
Total$1,122,155