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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 25, 2017
Jun. 26, 2016
Goodwill [Line Items]    
Schedule of Goodwill by Reporting Unit
Goodwill by reporting unit as of June 25, 2017 was as follows (in thousands):
LED Products
 
Lighting Products
 
Wolfspeed
 
Consolidated Total

$180,278

 

$337,781

 

$100,769

 

$618,828

Goodwill by reporting unit as of June 26, 2016 was as follows (in thousands):
LED Products
 
Lighting Products
 
Wolfspeed
 
Consolidated Total

$180,278

 

$337,781

 

$100,769

 

$618,828

Components of Intangible Assets
The following table presents the components of intangible assets, net (in thousands):
 
June 25, 2017
 
June 26, 2016
 
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets with finite lives:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships

$141,420

 

($84,673
)
 

$56,747

 

$141,420

 

($78,438
)
 

$62,982

Developed technology
181,728

 
(132,747
)
 
48,981

 
181,728

 
(111,884
)
 
69,844

Non-compete agreements
10,475

 
(10,398
)
 
77

 
10,475

 
(9,994
)
 
481

Trade names, finite-lived
520

 
(520
)
 

 
520

 
(520
)
 

Patent and licensing rights
151,985

 
(63,155
)
 
88,830

 
145,780

 
(55,957
)
 
89,823

Total intangible assets with finite lives
486,128

 
(291,493
)
 
194,635

 
479,923

 
(256,793
)
 
223,130

Trade names, indefinite-lived
79,680

 
 
 
79,680

 
79,680

 
 
 
79,680

Total intangible assets

$565,808

 

($291,493
)
 

$274,315

 

$559,603

 

($256,793
)
 

$302,810

 
Schedule of Future Amortization Expense of Finite-lived Intangible Assets
Total future amortization expense of finite-lived intangible assets is estimated to be as follows (in thousands): 
Fiscal Year Ending
 
June 24, 2018

$38,858

June 30, 2019
37,320

June 28, 2020
24,463

June 27, 2021
19,192

June 26, 2022
17,816

Thereafter
56,986

Total future amortization expense

$194,635