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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill Rollforward | The following table presents the carrying value of goodwill and the movements by reporting unit during the fiscal years ended June 30, 2024 and 2023:
(In thousands) |  | Wafer Inspection and Patterning |  | Global Service and Support (“GSS”) |  | Specialty Semiconductor Process |  | PCB and Display |  | PCB |  | Display |  | Component Inspection |  | Total
Balances as of June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | $ | 1,003,307 |  |  | $ | 25,908 |  |  | $ | 826,037 |  |  | $ | 985,441 |  |  | $ | — |  |  | $ | — |  |  | $ | 13,575 |  |  | $ | 2,854,268 |
Accumulated impairment losses |  | (277,570) |  |  | — |  |  | (144,179) |  |  | (112,470) |  |  | — |  |  | — |  |  | — |  |  | (534,219) |
|  | 725,737 |  |  | 25,908 |  |  | 681,858 |  |  | 872,971 |  |  | — |  |  | — |  |  | 13,575 |  |  | $ | 2,320,049 |
Activity for the year ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Acquired goodwill |  | 6,776 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 6,776 |
Goodwill disposal from sale of business(1) |  | — |  |  | — |  |  | — |  |  | (42,622) |  |  | — |  |  | — |  |  | — |  |  | (42,622) |
Goodwill adjustments |  | (5,337) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (5,337) |
Foreign currency adjustment |  | (46) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (46) |
Balances as of June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | 1,004,700 |  |  | 25,908 |  |  | 826,037 |  |  | 942,819 |  |  | — |  |  | — |  |  | 13,575 |  |  | 2,813,039 |
Accumulated impairment losses |  | (277,570) |  |  | — |  |  | (144,179) |  |  | (112,470) |  |  | — |  |  | — |  |  | — |  |  | (534,219) |
|  | 727,130 |  |  | 25,908 |  |  | 681,858 |  |  | 830,349 |  |  | — |  |  | — |  |  | 13,575 |  |  | 2,278,820 |
Activity for the year ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill impairment |  | — |  |  | — |  |  | — |  |  | (192,600) |  |  | — |  |  | (70,474) |  |  |  |  | (263,074) |
Reallocation due to change in reporting units |  | — |  |  | — |  |  | — |  |  | (637,749) |  |  | 567,275 |  |  | 70,474 |  |  |  |  | — |
Foreign currency adjustments |  | (20) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | (20) |
Balances as of June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Goodwill |  | 1,004,680 |  |  | 25,908 |  |  | 826,037 |  |  | — |  |  | 567,275 |  |  | 70,474 |  |  | 13,575 |  |  | 2,507,949 |
Accumulated impairment losses |  | (277,570) |  |  | — |  |  | (144,179) |  |  | — |  |  | — |  |  | (70,474) |  |  | — |  |  | (492,223) |
|  | $ | 727,110 |  |  | $ | 25,908 |  |  | $ | 681,858 |  |  | $ | — |  |  | $ | 567,275 |  |  | $ | — |  |  | $ | 13,575 |  |  | $ | 2,015,726 |
_________________ (1)Refer to the Business Dispositions section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph.
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, 2024 |  | As of June 30, 2023
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 |  | $ | 1,552,074 |  |  | $ | 1,045,585 |  |  | $ | 506,489 |  |  | $ | 1,536,826 |  |  | $ | 841,815 |  |  | $ | 695,011 |
Customer relationships | 4-9 |  | 358,567 |  |  | 248,106 |  |  | 110,461 |  |  | 358,567 |  |  | 205,037 |  |  | 153,530 |
Trade name/trademark | 4-7 |  | 119,083 |  |  | 97,106 |  |  | 21,977 |  |  | 116,583 |  |  | 78,749 |  |  | 37,834 |
Order backlog and other | <1-7 |  | 83,336 |  |  | 82,740 |  |  | 596 |  |  | 85,836 |  |  | 82,264 |  |  | 3,572 |
Intangible assets subject to amortization |  | 2,113,060 |  |  | 1,473,537 |  |  | 639,523 |  |  | 2,097,812 |  |  | 1,207,865 |  |  | 889,947 |
IPR&D |  |  | 46,074 |  |  | 16,833 |  |  | 29,241 |  |  | 61,322 |  |  | 15,966 |  |  | 45,356 |
Total |  |  | $ | 2,159,134 |  |  | $ | 1,490,370 |  |  | $ | 668,764 |  |  | $ | 2,159,134 |  |  | $ | 1,223,831 |  |  | $ | 935,303 |
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) | 2024 |  | 2023 |  | 2022
Amortization expense - Cost of revenues | $ | 182,970 |  |  | $ | 181,405 |  |  | $ | 168,957 |
Amortization expense - SG&A | 56,302 |  |  | 79,089 |  |  | 60,017 |
Amortization expense - R&D | — |  |  | 125 |  |  | 124 |
Total | $ | 239,272 |  |  | $ | 260,619 |  |  | $ | 229,098 |
Schedule of Remaining Estimated Amortization Expense | Based on the purchased intangible assets’ gross carrying value recorded as of June 30, 2024, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal Year Ending June 30: | Amortization (In thousands)
2025 | $ | 218,639 |
2026 | 197,846 |
2027 | 125,517 |
2028 | 48,849 |
2029 | 34,530 |
Thereafter | 14,142 |
Total | $ | 639,523 |

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