Acquired Intangibles and Goodwill

9 Months Ended

Mar. 25, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

. Acquired Intangibles and Goodwill

Goodwill

The following table represents the change in our goodwill balance for the nine and twelve month periods ended March 2023 and June 2022, respectively (in millions):


	March 2023		June 2022
Beginning balance	$	806.6	$	570.0
Acquisition activity		9.8		236.6
Ending balance	$	816.4	$	806.6

Acquired Intangibles

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


			March 2023							June 2022
	Weighted Average Life in Years		Gross Carrying Value		Accumulated Amortization			Net Carrying Value		Gross Carrying Value		Accumulated Amortization			Net Carrying Value
Audio and video technology		5.6	$	231.9	$	(140.5	)	$	91.4	$	232.1	$	(109.3	)	$	122.8
Customer relationships		4.1		158.2		(109.6	)		48.6		170.5		(99.7	)		70.8
Wireless connectivity technology		5.8		158.0		(51.1	)		106.9		128.0		(33.8	)		94.2
Video interface technology		3.0		82.0		(72.9	)		9.1		82.0		(52.4	)		29.6
Human presence detection technology		5.0		5.2		(0.4	)		4.8		—		—			—
Licensed technology and other		4.4		10.8		(8.8	)		2.0		9.9		(7.5	)		2.4
Patents		8.0		4.4		(4.1	)		0.3		4.4		(3.7	)		0.7
Tradename		4.4		5.8		(4.5	)		1.3		5.8		(3.3	)		2.5
In process research and development	Not applicable			67.0		—			67.0		67.0		—			67.0
Acquired intangibles totals		4.9	$	723.3	$	(391.9	)	$	331.4	$	699.7	$	(309.7	)	$	390.0

The total amortization expense for the acquired intangible assets was $32.2 million and $37.1 million for the three months ended March 2023 and March 2022, respectively, and $97.4 million and 91.5 million for the nine months ended March 2023 and March 2022, respectively.

During the three months ended March 2023 and March 2022, $23.7 million and $25.1 million, respectively, and $70.5 million and $61.9 million for the nine months ended March 2023 and March 2022, 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.