XML 24 R15.htm IDEA: XBRL DOCUMENT
v3.25.1

Goodwill and Acquired Intangibles, Net | 9 Months Ended
--- | ---
Mar. 29, 2025
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 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 |
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):
|  |  | 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 |
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 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 |
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 |
Impairment of indefinite-lived intangible asset During the third quarter of fiscal 2025, we recorded an intangible asset impairment charge of $13.8 million related to a license of certain technology we acquired in fiscal 2024. We recorded the impairment charge due to a lack of potential customers, or alternative uses for the acquired technology, and no further development or investment planned for this project. The impairment charge is presented as an operating expense in our consolidated statement of operations.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration