Prepayment of Intangible Assets and Asset Acquisition	9 Months Ended
Mar. 30, 2024
Asset Acquisition [Abstract]
Prepayment of Intangible Assets and Asset Acquisition	4. Prepayment of Intangible Assets and Asset Acquisition During the fourth quarter of fiscal 2023, we paid an aggregate consideration of $130.0 million to Broadcom to extend the exclusivity period of certain previously acquired intangible assets for an additional three-year period and to license certain developed technology intangible assets. The developed technologies are expected to be delivered at various dates through August 2025. The purchase consideration allocated to the extension of the exclusivity period was $13.5 million and was recorded as a developed technology intangible asset in the first quarter of fiscal 2024 and will be amortized over its estimated economic useful life of three years. The remaining balance of the purchase consideration of $116.5 million relating to the four technology products to be received at future dates, has been recorded as a prepayment of intangible assets. This prepayment is classified under non-current other assets in our condensed consolidated balance sheets. Upon obtaining control of the developed technologies, the amounts recorded under non-current other assets will be reclassified as intangible assets based on their respective fair values determined as of the agreement date and amortized over their respective estimated economic useful lives.

Prepayment of Intangible Assets and Asset Acquisition

9 Months Ended

Mar. 30, 2024

Prepayment of Intangible Assets and Asset Acquisition

4. Prepayment of Intangible Assets and Asset Acquisition

During the fourth quarter of fiscal 2023, we paid an aggregate consideration of $130.0 million to Broadcom to extend the exclusivity period of certain previously acquired intangible assets for an additional three-year period and to license certain developed technology intangible assets. The developed technologies are expected to be delivered at various dates through August 2025.

The purchase consideration allocated to the extension of the exclusivity period was $13.5 million and was recorded as a developed technology intangible asset in the first quarter of fiscal 2024 and will be amortized over its estimated economic useful life

of three years. The remaining balance of the purchase consideration of $116.5 million relating to the four technology products to be received at future dates, has been recorded as a prepayment of intangible assets. This prepayment is classified under non-current other assets in our condensed consolidated balance sheets. Upon obtaining control of the developed technologies, the amounts recorded under non-current other assets will be reclassified as intangible assets based on their respective fair values determined as of the agreement date and amortized over their respective estimated economic useful lives.