XML 24 R15.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Acquired Intangibles, Net
 6 Months Ended
Dec. 28, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangibles, Net Goodwill and Acquired Intangibles, Net
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):
DecemberJune
20242024
Beginning balance$816.4 $816.4 
Acquisition activity3.5 — 
Ending balance$819.9 $816.4 
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):
 December 2024June 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 technology5.6$231.9 $(187.0)$44.9 $231.9 $(175.5)$56.4 
Customer relationships4.1159.2 (141.6)17.6 158.2 (134.1)24.1 
Wireless connectivity technology5.5247.4 (113.1)134.3 245.5 (90.1)155.4 
Video interface technology3.4133.0 (91.6)41.4 133.0 (85.2)47.8 
Other5.126.1 (22.3)3.8 26.1 (21.4)4.7 
Total intangible assets4.9$797.6 $(555.6)$242.0 $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 following table presents details of amortization for the periods presented (in millions):
Three Months EndedSix Months Ended
DecemberDecember
2024202320242023
Cost of revenue $20.8 $14.4 $41.6 $32.2 
Acquired intangibles amortization3.8 3.9 7.6 9.4 
Total amortization of intangibles$24.6 $18.3 $49.2 $41.6 
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 
202685.6 
202750.5 
202834.3 
202915.9 
Thereafter6.4 
Future amortization$242.0