Acquired Intangibles and Goodwill

9 Months Ended

Mar. 31, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

7. Acquired Intangibles and Goodwill

Acquired Intangibles

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets as of March 31, 2020 and June 30, 2019 (in millions):

			March 31, 2020							June 30, 2019
	Weighted Average Life in Years		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Display driver technology		5.3	$	164.0	$	(157.5	)	$	6.5	$	164.0	$	(148.1	)	$	15.9
Audio and video technology		5.3		138.6		(69.7	)		68.9		138.6		(49.4	)		89.2
Customer relationships		4.1		81.8		(58.5	)		23.3		81.8		(49.9	)		31.9
Fingerprint authentication technology	Not applicable			—		—			—		47.2		(47.2	)		—
Licensed technology and other		4.2		7.7		(5.0	)		2.7		7.7		(3.6	)		4.1
Patents		8.1		4.4		(2.5	)		1.9		4.4		(2.0	)		2.4
Tradename		7.0		1.8		(0.7	)		1.1		1.8		(0.5	)		1.3
Acquired intangibles, gross		3.1	$	398.3	$	(293.9	)	$	104.4	$	445.5	$	(300.7	)	$	144.8

The total amortization expense for the acquired intangible assets was $11.1 million and $18.1 million for the three months ended March 31, 2020 and 2019, respectively, and $40.4 million and $56.1 million for the nine months ended March 31, 2020 and 2019, respectively. During the three months ended March 31, 2020 and 2019, $8.1 million and $15.2 million, respectively, and $31.6 million and $47.3 million for the nine months ended March 31, 2020 and 2019, respectively, of amortization expense was included in our condensed consolidated statements of income in cost of revenue; the remainder was included in acquired intangibles amortization.

The following table presents expected annual fiscal year aggregate amortization expense as of March 31, 2020 (in millions):

Remainder of 2020	$	11.1
2021		37.4
2022		32.9
2023		20.4
2024		2.5
2025		0.1
Future amortization	$	104.4

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. There was a reclassification of $11.0 million of goodwill to non-current assets held for sale during the nine months ended March 31, 2020.