Acquired Intangibles and Goodwill (Tables)

6 Months Ended

Dec. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Summary of Life, Gross Carrying Value and Related Accumulated Amortization of Acquired Intangible Assets

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets as of December 31, 2017 and June 30, 2017 (in millions):

	Weighted Average Life in Years		December 31, 2017			June 30, 2017
Display driver technology		5.3	$	164.0		$	164.0
Audio and video technology		5.0		147.0			-
Customer relationships		3.6		73.1			48.4
Fingerprint authentication technology		4.0		55.7			63.5
Licensed technology and other		4.3		9.0			1.3
Tradename		7.0		4.8			-
Patents		7.7		4.6			4.8
Backlog		0.5		1.5			-
Acquired intangibles, gross		4.8		459.7			282.0
Accumulated amortization				(196.2	)		(181.0	)
Acquired intangibles, net			$	263.5		$	101.0

Schedule of Expected Annual Aggregate Amortization Expense

The following table presents expected annual fiscal year aggregate amortization expense as of December 31, 2017 (in millions):

Remainder of 2018	$	45.5
2019		78.8
2020		55.3
2021		42.5
2022		31.3
2023		6.3
Thereafter		3.8
Future amortization	$	263.5

Schedule of Changes in Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. Changes in our goodwill balance for the three months ended December 31, 2017 were as follows (in millions):

Beginning balance	$	206.8
Acquisition activity		157.3
Post-acquisition adjustments		4.2
Ending balance	$	368.3