Acquired Intangibles

12 Months Ended

Jun. 25, 2016

Goodwill And Intangible Assets Disclosure [Abstract]

6.	Acquired Intangibles

The following table summarizes the life, the gross carrying value of our acquired intangible assets, and the related accumulated amortization as of the end of fiscal 2016 and 2015 (in millions):


	Weighted Average
	Life in Years		2016			2015
Display driver technology		5.3	$	164.0		$	164.0
Fingerprint authentication technology		3.6		75.6			75.6
ThinTouch technology				-			8.9
Customer relationships		2.8		48.4			48.4
Licensed technology and other		5.0		1.3			1.3
Backlog				-			10.3
Patents		7.7		4.8			0.1
Supplier arrangement		1.8		22.0			22.0
Acquired intangibles, gross		4.2		316.1			330.6
Accumulated amortization				(155.8	)		(95.2	)
Acquired intangibles, net			$	160.3		$	235.4

In fiscal 2016 there was $10.3 million of backlog retired which was fully depreciated.

Amortization expense is calculated using the straight-line method over the estimated useful lives of the acquired intangibles. The total amortization expense for the acquired intangible assets was $73.0 million in fiscal 2016 and $87.6 million in fiscal 2015. This amortization expense was included in our consolidated statements of income as acquired intangibles amortization and cost of revenue.

The following table presents expected annual aggregate amortization expense in future fiscal years (in millions):

2017	$	59.3
2018		48.6
2019		34.2
2020		10.6
2021		3.5
Thereafter		4.1
Future amortization	$	160.3