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Goodwill and Acquired Intangibles, Net (Tables)
9 Months Ended
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):
MarchJune
20252024
Beginning balance$816.4 $816.4 
Acquisition activity55.9 — 
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 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 
Schedule of Amortization of Intangibles
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 
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 
2026112.5 
202762.2 
202842.5 
202919.4 
Thereafter25.6 
Future amortization$296.3