XML 50 R36.htm IDEA: XBRL DOCUMENT v3.20.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 28, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill by Reporting Unit
Goodwill by reporting unit as of June 28, 2020 and June 30, 2019 was as follows:
(in millions of U.S. Dollars)June 28, 2020June 30, 2019
Wolfspeed$349.7 $349.7 
LED Products180.3 $180.3 
Consolidated total$530.0 $530.0 
Schedule of Components of Intangible Assets
Intangible assets, net included the following:
June 28, 2020June 30, 2019
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets:
Customer relationships$147.8 ($70.0)$77.8 $147.8 ($63.8)$84.0 
Developed technology74.9 (29.7)45.2 75.9 (24.5)51.4 
Non-compete agreements12.2 (7.1)5.1 12.2 (4.1)8.1 
Trade names0.5 (0.5)— 0.5 (0.5)— 
Acquisition related intangible assets235.4 (107.3)128.1 236.4 (92.9)143.5 
Patent and licensing rights114.6 (63.1)51.5 120.4 (66.0)54.4 
Total intangible assets350.0 (170.4)179.6 356.8 (158.9)197.9 
Schedule of Future Amortization Expense of Finite-lived Intangible Assets
Total future amortization expense of intangible assets is estimated to be as follows:
(in millions of U.S. Dollars)

Fiscal Year Ending
Acquisition Related IntangiblesPatentsTotal
June 27, 2021$14.5 $8.6 $23.1 
June 26, 202213.5 7.7 21.2 
June 25, 202311.0 6.7 17.7 
June 30, 202410.4 5.7 16.1 
June 29, 202510.4 4.7 15.1 
Thereafter68.3 18.1 86.4 
Total future amortization expense$128.1 $51.5 $179.6