XML 49 R35.htm IDEA: XBRL DOCUMENT v3.21.2
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 27, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The following table summarizes changes in goodwill during the fiscal year ended June 27, 2021:
(in millions of U.S. Dollars)
Balance at June 28, 2020$349.7 
Transfer in connection with LED Business Divestiture (1)
9.5 
Balance at June 27, 2021$359.2 
(1) In the second quarter of fiscal 2021, the Company determined that as part of its goodwill impairment analysis on held for sale assets related to the LED Business Divestiture, it was necessary to transfer a portion of goodwill from the former LED Products segment, then classified as discontinued operations, to goodwill associated with continuing operations.
Schedule of Components of Intangible Assets
Intangible assets, net included the following:
June 27, 2021June 28, 2020
(in millions of U.S. Dollars)GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Intangible assets:
Customer relationships$96.8 ($25.1)$71.7 $96.8 ($19.0)$77.8 
Developed technology68.0 (28.2)39.8 68.0 (22.8)45.2 
Non-compete agreements12.2 (10.1)2.1 12.2 (7.1)5.1 
Acquisition related intangible assets177.0 (63.4)113.6 177.0 (48.9)128.1 
Patent and licensing rights67.1 (40.2)26.9 69.3 (40.5)28.8 
Total intangible assets244.1 (103.6)140.5 246.3 (89.4)156.9 
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 26, 2022$13.5 $4.9 $18.4 
June 25, 202311.0 4.0 15.0 
June 30, 202410.4 3.4 13.8 
June 29, 202510.4 2.6 13.0 
June 28, 20269.3 1.9 11.2 
Thereafter59.0 10.1 69.1 
Total future amortization expense$113.6 $26.9 $140.5