Intangibles

9 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

The following tables present details of the Company’s intangibles:


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation Adjustment		Net
As of March 31, 2023
Software	$	10,379	$	(7,908)	$	—	$	2,471


Total intangibles (1)	$	10,379	$	(7,908)	$	—	$	2,471

(1)Customer relationships and backlog were written-off in March 2023.


(in thousands)	Gross Carrying Amount		Accumulated Amortization		Foreign Currency Translation Adjustment		Net
As of June 24, 2022
Software	$	10,484	$	(7,681)	$	—	$	2,803
Customer relationships	4,373		(3,610)		(58)		705
Backlog	119		(119)		—		—
Total intangibles	$	14,976	$	(11,410)	$	(58)	$	3,508

The Company recorded amortization expense relating to intangibles of $0.3 million and $0.4 million for the three months ended March 31, 2023 and March 25, 2022, respectively, and $1.1 million and $1.2 million for the nine months ended March 31, 2023 and March 25, 2022, respectively.

The weighted-average remaining life of software and customer relationships was:


(years)	As of March 31, 2023	As of June 24, 2022
Software	3.2	3.8
Customer relationships	—	3.1
Total intangibles	3.2	3.8

Based on the carrying amount of intangibles as of March 31, 2023, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:


(in thousands)
2023 (remaining three months)	$	235
2024	847
2025	660
2026	438
2027	230
Thereafter	61
Total	$	2,471