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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 28, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets The following presents details of goodwill and intangible assets:
(In thousands) |  | March 28, 2025 |  | June 28, 2024
Goodwill |  | $ | 19,188 |  |  | $ | 8,217 |
The $11.0 million increase for the nine months ended March 28, 2025 is associated with the purchase price allocations for the 4RF acquisition and the NEC Transaction. Refer to Note 11. Acquisitions for further information. The Company performs its annual goodwill impairment test on the first day of its fourth fiscal quarter. No indicators of impairment were identified during the current period that required the Company to perform an interim assessment or recoverability test.
(In thousands except useful life) |  | Useful life in Years |  | March 28, 2025 |  | June 28, 2024
Intangible assets: |  |  |  |
Technology | 7 |  | $ | 5,282 |  |  | $ | 1,800 |
Patents | 10 |  | 690 |  |  | 690 |
Customer relationships | 10 — 15 |  | 22,893 |  |  | 11,530 |
Trade names | 3 — 16 |  | 1,614 |  |  | 1,330 |
Total gross intangible assets |  | $ | 30,479 |  |  | $ | 15,350 |
Accumulated amortization |  | (3,662) |  |  | (1,706) |
Total net intangible assets |  | $ | 26,817 |  |  | $ | 13,644 |
Amortization of finite-lived intangibles for the three and nine months ended March 28, 2025 was $0.7 million and $2.0 million, respectively, and is included in selling and administrative expenses. There were no impairment charges recorded for the three and nine months ended March 28, 2025. As of March 28, 2025, the estimated future amortization expense of finite-lived intangible assets is as follows (in thousands):
Remainder of 2025 |  | $ | 704 |
2026 |  | 2,814 |
2027 |  | 2,814 |
2028 |  | 2,720 |
2029 |  | 2,720 |
Thereafter |  | 15,045 |
Total |  | $ | 26,817 |

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- 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
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