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v3.23.3

Acquired Intangibles and Goodwill (Tables) | 3 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table represents the change in our goodwill balance for the three and twelve month periods ended September 2023 and June 2023, respectively (in millions):
| September |  |  | June |
| 2023 |  |  | 2023 |
Beginning balance | $ | 816.4 |  |  | $ | 806.6 |
Acquisition activity |  | — |  |  |  | 9.8 |
Ending balance | $ | 816.4 |  |  | $ | 816.4 |
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):
|  |  |  |  | September 2023 |  |  | June 2023 |
|  | 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 |  |  | $ | (158.1 | ) |  | $ | 73.8 |  |  | $ | 231.9 |  |  | $ | (150.7 | ) |  | $ | 81.2 |
Customer relationships |  |  | 4.1 |  |  |  | 158.2 |  |  |  | (123.0 | ) |  |  | 35.2 |  |  |  | 158.2 |  |  |  | (117.8 | ) |  |  | 40.4 |
Wireless connectivity technology |  |  | 5.6 |  |  |  | 171.5 |  |  |  | (65.6 | ) |  |  | 105.9 |  |  |  | 158.0 |  |  |  | (58.0 | ) |  |  | 100.0 |
Video interface technology |  |  | 3.0 |  |  |  | 82.0 |  |  |  | (82.0 | ) |  |  | — |  |  |  | 82.0 |  |  |  | (79.7 | ) |  |  | 2.3 |
Human presence detection technology |  |  | 5.0 |  |  |  | 5.2 |  |  |  | (1.0 | ) |  |  | 4.2 |  |  |  | 5.2 |  |  |  | (0.7 | ) |  |  | 4.5 |
Licensed technology and other |  |  | 4.4 |  |  |  | 10.8 |  |  |  | (9.1 | ) |  |  | 1.7 |  |  |  | 10.8 |  |  |  | (8.9 | ) |  |  | 1.9 |
Patents |  |  | 8.0 |  |  |  | 4.4 |  |  |  | (4.4 | ) |  |  | — |  |  |  | 4.4 |  |  |  | (4.3 | ) |  |  | 0.1 |
Tradename |  |  | 4.4 |  |  |  | 5.8 |  |  |  | (4.9 | ) |  |  | 0.9 |  |  |  | 5.8 |  |  |  | (4.7 | ) |  |  | 1.1 |
In process research and development |  | Not applicable |  |  |  | 67.0 |  |  |  | — |  |  |  | 67.0 |  |  |  | 67.0 |  |  |  | — |  |  |  | 67.0 |
Acquired intangibles totals |  |  | 4.9 |  |  | $ | 736.8 |  |  | $ | (448.1 | ) |  | $ | 288.7 |  |  | $ | 723.3 |  |  | $ | (424.8 | ) |  | $ | 298.5 |
Schedule of Expected Annual Aggregate Amortization Expense | The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of September 2023 (in millions):
Remainder of 2024 |  | $ | 54.6 |
2025 |  |  | 71.4 |
2026 |  |  | 58.3 |
2027 |  |  | 23.5 |
2028 |  |  | 10.6 |
2029 |  |  | 3.3 |
Thereafter |  |  | — |
To be determined |  |  | 67.0 |
Future amortization |  | $ | 288.7 |

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