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Acquired Intangibles and Goodwill (Tables)
9 Months Ended
Mar. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of 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

 

 

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

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