Acquired Intangibles

12 Months Ended

Jun. 24, 2017

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 2017 and 2016 (in millions):


	Weighted Average
	Life in Years		2017			2016
Display driver technology		5.3	$	164.0		$	164.0
Fingerprint authentication technology		4.3		63.5			75.6
Customer relationships		2.8		48.4			48.4
Licensed technology and other		5.0		1.3			1.3
Patents		7.7		4.8			4.8
Supplier arrangement				-			22.0
Acquired intangibles, gross		4.3		282.0			316.1
Accumulated amortization				(181.0	)		(155.8	)
Acquired intangibles, net			$	101.0		$	160.3

In fiscal 2017, there was $12.1 million of Fingerprint developed technology and $22.0 million Supplier arrangement retired which were 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 $59.3 million in fiscal 2017 and $73.0 million in fiscal 2016. 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):

2018	$	48.6
2019		34.2
2020		10.6
2021		3.5
2022		3.5
Thereafter		0.6
Future amortization	$	101.0