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v3.25.1

Goodwill and Acquired Intangibles, Net (Tables) | 9 Months Ended
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Mar. 29, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | The following table represents the change in our goodwill balance for the nine and twelve month periods ended March 2025 and June 2024, respectively (in millions):
| March |  | June
| 2025 |  | 2024
Beginning balance | $ | 816.4 |  |  | $ | 816.4 |
Acquisition activity | 55.9 |  |  | — |
Ending balance | $ | 872.3 |  |  | $ | 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):
|  |  | March 2025 |  | 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 |  |  | $ | (192.6) |  |  | $ | 39.3 |  |  | $ | 231.9 |  |  | $ | (175.5) |  |  | $ | 56.4 |
Customer relationships | 4.7 |  | 187.1 |  |  | (146.1) |  |  | 41.0 |  |  | 158.2 |  |  | (134.1) |  |  | 24.1 |
Wireless connectivity technology | 5.3 |  | 271.9 |  |  | (126.0) |  |  | 145.9 |  |  | 245.5 |  |  | (90.1) |  |  | 155.4 |
Video interface technology | 3.4 |  | 133.0 |  |  | (94.7) |  |  | 38.3 |  |  | 133.0 |  |  | (85.2) |  |  | 47.8 |
Other | 2.9 |  | 52.1 |  |  | (27.1) |  |  | 25.0 |  |  | 26.1 |  |  | (21.4) |  |  | 4.7 |
IPR&D | Not applicable |  | 6.8 |  |  | — |  |  | 6.8 |  |  | — |  |  | — |  |  | — |
Total intangible assets | 4.9 |  | $ | 882.8 |  |  | $ | (586.5) |  |  | $ | 296.3 |  |  | $ | 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 |  | Nine Months Ended
| March | March
| 2025 |  | 2024 |  | 2025 |  | 2024
Cost of revenue | $ | 26.5 |  |  | $ | 14.3 |  |  | $ | 68.1 |  |  | $ | 46.5 |
Acquired intangibles amortization | 4.5 |  |  | 4.0 |  |  | 12.1 |  |  | 13.4 |
Total amortization of intangibles | $ | 31.0 |  |  | $ | 18.3 |  |  | $ | 80.2 |  |  | $ | 59.9 |
Schedule of Expected Annual Aggregate Amortization Expense | The following table presents the estimated future amortization expense of acquired amortizable intangible assets as of March 2025 (in millions):
Fiscal Year |  |
Remainder of 2025 |  | $ | 34.1 |
2026 |  | 112.5 |
2027 |  | 62.2 |
2028 |  | 42.5 |
2029 |  | 19.4 |
Thereafter |  | 25.6 |
Future amortization |  | $ | 296.3 |

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