Acquired Intangibles

6 Months Ended

Dec. 31, 2015

Goodwill And Intangible Assets Disclosure [Abstract]

7. Acquired Intangibles

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

	Weighted Average Life in Years December 31, 2015		December 31, 2015			June 30, 2015
Display driver technology		5.3	$	164.0		$	164.0
Fingerprint authentication technology		3.6		75.6			75.6
ThinTouch technology		7.0		8.9			8.9
Customer relationships		2.8		48.4			48.4
Licensed technology and other		5.0		1.3			1.3
Backlog	-			-			10.3
Patents		7.9		4.5			0.1
Supplier arrangement		1.8		22.0			22.0
Acquired intangibles, gross		4.3		324.7			330.6
Accumulated amortization				(122.8	)		(95.2	)
Acquired intangibles, net			$	201.9		$	235.4

The total amortization expense for the acquired intangible assets was $18.8 million and $46.6 million for the three months ended December 31, 2015 and 2014, respectively, and $37.9 million and $47.9 million for the six months ended December 31, 2015 and 2014, respectively. 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 December 31, 2015 (in millions):

Remainder of 2016	$	35.4
2017		61.2
2018		49.8
2019		35.4
2020		11.9
2021		3.9
Thereafter		4.3
Future amortization	$	201.9