Intangible Assets (Tables)

9 Months Ended

Mar. 25, 2018



	Wolfspeed		LED Products		Lighting Products			Consolidated Total
Balance at June 25, 2017		$100,769		$180,278		$337,781			$618,828
Acquisition	246,278		—		—			246,278
Goodwill impairment charges	—		—		(247,455		)	(247,455		)
Balance at March 25, 2018		$347,047		$180,278		$90,326			$617,651

The goodwill impairment charges in the Lighting Products segment resulted from updating the Company's long range business strategy as described in Note 1.

Components of intangible assets, net

The following table presents the components of intangible assets, net (in thousands):



	March 25, 2018							June 25, 2017
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Intangible assets with finite lives:
Customer relationships		$233,420		($89,679	)		$143,741		$141,420		($84,673	)		$56,747
Developed technology	226,728		(148,569		)	78,159		181,728		(132,747		)	48,981
Non-compete agreements	22,475		(10,617		)	11,858		10,475		(10,398		)	77
Trade names, finite-lived	520		(520		)	—		520		(520		)	—
Patent and licensing rights	158,054		(70,656		)	87,398		151,985		(63,155		)	88,830
Total intangible assets with finite lives	641,197		(320,041		)	321,156		486,128		(291,493		)	194,635
Trade names, indefinite-lived	79,680		—			79,680		79,680		—			79,680
Total intangible assets		$720,877		($320,041	)		$400,836		$565,808		($291,493	)		$274,315

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 (remainder of fiscal 2018)		$13,588
June 30, 2019	38,032
June 28, 2020	32,591
June 27, 2021	31,153
June 26, 2022	27,831
Thereafter	177,961
Total future amortization expense		$321,156