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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):
MarchJune
20252024
Beginning balance$816.4 $816.4 
Acquisition activity55.9 — 
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 2025June 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 $(192.6)$39.3 $231.9 $(175.5)$56.4 
Customer relationships4.7187.1 (146.1)41.0 158.2 (134.1)24.1 
Wireless connectivity technology5.3271.9 (126.0)145.9 245.5 (90.1)155.4 
Video interface technology3.4133.0 (94.7)38.3 133.0 (85.2)47.8 
Other2.952.1 (27.1)25.0 26.1 (21.4)4.7 
IPR&DNot applicable6.8 — 6.8 — — — 
Total intangible assets4.9$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 EndedNine Months Ended
MarchMarch
2025202420252024
Cost of revenue $26.5 $14.3 $68.1 $46.5 
Acquired intangibles amortization4.5 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 
2026112.5 
202762.2 
202842.5 
202919.4 
Thereafter25.6 
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.