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Goodwill and Intangible Assets
 3 Months Ended
Sep. 27, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The following table summarizes changes in goodwill during the three months ended September 27, 2020:
(in millions of U.S. Dollars)WolfspeedLED ProductsTotal
Balance at June 28, 2020$349.7 $180.3 $530.0 
Impairment— (105.7)(105.7)
Balance at September 27, 2020$349.7 $74.6 $424.3 
The Company reviews goodwill for impairment whenever events or circumstances indicate potential impairment. In the first quarter of fiscal 2021, the Company determined it would more likely than not sell all or a portion of the assets comprising the LED Products segment below carrying value. As a result of this triggering event, the Company recorded an impairment to goodwill of $105.7 million as of September 27, 2020. As of September 27, 2020, the potential sale had not met the held-for-sale criteria.
On October 18, 2020, the Company entered into a definitive agreement with SMART related to the LED Business Divestiture. See Note 16, "Subsequent Events," for additional information on the transaction.
Intangible Assets, net
The following table presents the components of intangible assets, net:
September 27, 2020June 28, 2020
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Customer relationships$147.8 ($71.5)$76.3 $147.8 ($70.0)$77.8 
Developed technology74.9 (31.1)43.8 74.9 (29.7)45.2 
Non-compete agreements12.2 (7.8)4.4 12.2 (7.1)5.1 
Trade names0.5 (0.5)— 0.5 (0.5)— 
Acquisition related intangible assets235.4 (110.9)124.5 235.4 (107.3)128.1 
Patent and licensing rights114.8 (63.9)50.9 114.6 (63.1)51.5 
Total intangible assets$350.2 ($174.8)$175.4 $350.0 ($170.4)$179.6 
Total amortization of acquisition-related intangibles assets was $3.6 million and $3.6 million for the three months ended September 27, 2020 and September 29, 2019, respectively. Total amortization of patents and licensing rights was $2.3 million and $2.2 million for the three months ended September 27, 2020 and September 29, 2019.
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$10.9 $6.6 $17.5 
June 26, 202213.5 7.9 21.4 
June 25, 202311.0 6.9 17.9 
June 30, 202410.4 6.0 16.4 
June 29, 202510.4 4.8 15.2 
Thereafter68.3 18.7 87.0 
Total future amortization expense$124.5 $50.9 $175.4