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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2022
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, 2022 and 2021(1):
(In thousands)Wafer Inspection and Patterning
Global Service and Support (“GSS”)
Specialty Semiconductor ProcessPCB and Display Component InspectionTotal
Balance as of June 30, 2020$416,840 $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, 2021416,860 25,908 681,858 872,971 13,575 2,011,172 
Acquired goodwill308,952 — — — — 308,952 
Foreign currency adjustment(75)— — — — (75)
Balance as of June 30, 2022$725,737 $25,908 $681,858 $872,971 $13,575 $2,320,049 
_________________
(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, 2022As of June 30, 2021
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
$1,523,691 $668,175 $855,516 $1,382,612 $499,219 $883,393 
Customer relationships
4-9
366,567 167,819 198,748 305,817 131,386 174,431 
Trade name/trademark
4-7
121,083 68,194 52,889 117,383 53,493 63,890 
Order backlog and other
<1-9
87,836 58,970 28,866 50,403 49,962 441 
Intangible assets subject to amortization2,099,177 963,158 1,136,019 1,856,215 734,060 1,122,155 
IPR&D64,457 6,062 58,395 63,256 100 63,156 
Total$2,163,634 $969,220 $1,194,414 $1,919,471 $734,160 $1,185,311 
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)202220212020
Amortization expense - Cost of revenues$168,957 $156,596 $145,823 
Amortization expense - SG&A60,017 49,531 74,532 
Amortization expense - R&D124 125 224 
Total $229,098 $206,252 $220,579 
Schedule of Remaining Estimated Amortization Expense Based on the purchased intangible assets’ gross carrying value recorded as of June 30, 2022, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal Year Ending June 30:Amortization
(In thousands)
2023$260,161 
2024237,723 
2025221,421 
2026205,407 
2027127,861 
Thereafter83,446 
Total$1,136,019