XML 42 R32.htm IDEA: XBRL DOCUMENT v3.23.3
Acquired Intangibles and Goodwill (Tables)
 3 Months Ended
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