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Goodwill and Acquired Intangibles, Net | 3 Months Ended
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Sep. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Acquired Intangibles, Net | Goodwill and Acquired Intangibles, Net Goodwill Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in a business combination. For the three months ended September 2024 and June 2024, the carrying value of goodwill was $816.4 million. Acquired Intangibles, Net The following table summarizes the net carrying amounts excluding fully amortized intangible assets (in millions, except for weighted-average life in years):
|  |  | September 2024 |  | June 2024
| 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 |  |  | $ | (181.3) |  |  | $ | 50.6 |  |  | $ | 231.9 |  |  | $ | (175.5) |  |  | $ | 56.4 |
Customer relationships | 4.1 |  | 158.2 |  |  | (137.8) |  |  | 20.4 |  |  | 158.2 |  |  | (134.1) |  |  | 24.1 |
Wireless connectivity technology | 5.5 |  | 245.5 |  |  | (101.6) |  |  | 143.9 |  |  | 245.5 |  |  | (90.1) |  |  | 155.4 |
Video interface technology | 3.4 |  | 133.0 |  |  | (88.4) |  |  | 44.6 |  |  | 133.0 |  |  | (85.2) |  |  | 47.8 |
Other | 5.1 |  | 26.1 |  |  | (21.9) |  |  | 4.2 |  |  | 26.1 |  |  | (21.4) |  |  | 4.7 |
Acquired intangibles totals | 4.9 |  | $ | 794.7 |  |  | $ | (530.9) |  |  | $ | 263.8 |  |  | $ | 794.7 |  |  | $ | (506.3) |  |  | $ | 288.4 |
Certain intangible assets from June 2024 have been reclassified to conform to the current period presentation and are presented in the Other line item in the table above. The total amortization expense for the acquired intangible assets was $24.6 million and $23.3 million for the three months ended September 2024 and September 2023, respectively. During the three months ended September 2024 and September 2023, $20.8 million and $17.8 million, respectively, of amortization expense was included in our condensed consolidated statements of operations in cost of revenue; the remainder was included in acquired intangibles amortization. The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of September 2024 (in millions):
Fiscal Year |  |
Remainder of 2025 |  | $ | 73.3 |
2026 |  | 84.8 |
2027 |  | 50.0 |
2028 |  | 33.9 |
2029 |  | 15.5 |
Thereafter |  | 6.3 |
Future amortization |  | $ | 263.8 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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