Acquired Intangibles

9 Months Ended

Mar. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

8. Acquired Intangibles

The following table summarizes the life, the gross carrying value of our acquired intangible assets, and the related accumulated amortization as of March 31, 2015 and June 30, 2014 (in thousands):

	Life	March 31, 2015			June 30, 2014
Display driver developed technology	5 years	$	143,600		$	—
Fingerprint developed technology	2-4 years		75,650			18,650
ThinTouch developed technology	7 years		8,900			8,900
Customer relationships	2-5 years		48,400			3,800
Licensed technology and other	5 years		1,335			1,335
Backlog	Less than 1 year		11,050			750
Patents	5 years		100			100
Supplier arrangement	Less than 1 year		22,000			—
In-process research and development	Not applicable		20,400			57,000
			331,435			90,535
Accumulated amortization			(77,078	)		(8,424	)
Acquired intangibles, net		$	254,357		$	82,111

The total amortization expense for the acquired intangible assets was $20.8 million and $2.6 million for the three months ended March 31, 2015 and 2014, respectively, and $68.7 million and $4.8 million for the nine months ended March 31, 2015, and 2014, respectively. During the first quarter of fiscal 2015, the in-process research and development projects related to the Validity acquisition were completed, have been included in fingerprint developed technology, and amortization commenced. Amortization expense was included in our condensed consolidated statements of income in cost of revenue and acquired intangibles amortization.

The following table presents expected annual fiscal year aggregate amortization expense as of March 31, 2015 (in thousands):

Remainder of 2015	$	19,345
2016		69,658
2017		57,770
2018		46,297
2019		31,958
2020		8,451
Thereafter		478
To be determined		20,400
Future amortization	$	254,357

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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