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Goodwill and Acquired Intangibles, Net (Tables) | 6 Months Ended
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Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table represents the change in our goodwill balance for the six and twelve month periods ended December 2024 and June 2024, respectively (in millions):
| December |  | June
| 2024 |  | 2024
Beginning balance | $ | 816.4 |  |  | $ | 816.4 |
Acquisition activity | 3.5 |  |  | — |
Ending balance | $ | 819.9 |  |  | $ | 816.4 |
Summary of Net Carrying Amounts Excluding Fully Amortized Intangible Assets | The following table summarizes the net carrying amounts excluding fully amortized intangible assets (in millions, except for weighted-average life in years):
|  |  | December 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 |  |  | $ | (187.0) |  |  | $ | 44.9 |  |  | $ | 231.9 |  |  | $ | (175.5) |  |  | $ | 56.4 |
Customer relationships | 4.1 |  | 159.2 |  |  | (141.6) |  |  | 17.6 |  |  | 158.2 |  |  | (134.1) |  |  | 24.1 |
Wireless connectivity technology | 5.5 |  | 247.4 |  |  | (113.1) |  |  | 134.3 |  |  | 245.5 |  |  | (90.1) |  |  | 155.4 |
Video interface technology | 3.4 |  | 133.0 |  |  | (91.6) |  |  | 41.4 |  |  | 133.0 |  |  | (85.2) |  |  | 47.8 |
Other | 5.1 |  | 26.1 |  |  | (22.3) |  |  | 3.8 |  |  | 26.1 |  |  | (21.4) |  |  | 4.7 |
Total intangible assets | 4.9 |  | $ | 797.6 |  |  | $ | (555.6) |  |  | $ | 242.0 |  |  | $ | 794.7 |  |  | $ | (506.3) |  |  | $ | 288.4 |
Schedule of Amortization of Intangibles | The following table presents details of amortization for the periods presented (in millions):
| Three Months Ended |  | Six Months Ended
| December | December
| 2024 |  | 2023 |  | 2024 |  | 2023
Cost of revenue | $ | 20.8 |  |  | $ | 14.4 |  |  | $ | 41.6 |  |  | $ | 32.2 |
Acquired intangibles amortization | 3.8 |  |  | 3.9 |  |  | 7.6 |  |  | 9.4 |
Total amortization of intangibles | $ | 24.6 |  |  | $ | 18.3 |  |  | $ | 49.2 |  |  | $ | 41.6 |
Schedule of Expected Annual Aggregate Amortization Expense | The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of December 2024 (in millions):
Fiscal Year |  |
Remainder of 2025 |  | $ | 49.3 |
2026 |  | 85.6 |
2027 |  | 50.5 |
2028 |  | 34.3 |
2029 |  | 15.9 |
Thereafter |  | 6.4 |
Future amortization |  | $ | 242.0 |

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