XML 50 R15.htm IDEA: XBRL DOCUMENT
v3.21.2

Goodwill and Intangible Assets | 3 Months Ended
--- | ---
Sep. 26, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill There were no changes to goodwill during the three months ended September 26, 2021. Intangible Assets, net The following table presents the components of intangible assets, net:
| September 26, 2021 |  | June 27, 2021
(in millions of U.S. Dollars) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Customer relationships | $96.8 |  |  | ($26.6) |  |  | $70.2 |  |  | $96.8 |  |  | ($25.1) |  |  | $71.7 |
Developed technology | 68.0 |  |  | (29.5) |  |  | 38.5 |  |  | 68.0 |  |  | (28.2) |  |  | 39.8 |
Non-compete agreements | 12.2 |  |  | (10.9) |  |  | 1.3 |  |  | 12.2 |  |  | (10.1) |  |  | 2.1 |
Acquisition related intangible assets | 177.0 |  |  | (67.0) |  |  | 110.0 |  |  | 177.0 |  |  | (63.4) |  |  | 113.6 |
Patent and licensing rights | 66.9 |  |  | (40.4) |  |  | 26.5 |  |  | 67.1 |  |  | (40.2) |  |  | 26.9 |
Total intangible assets | $243.9 |  |  | ($107.4) |  |  | $136.5 |  |  | $244.1 |  |  | ($103.6) |  |  | $140.5 |
Total amortization of acquisition-related intangibles assets was $3.6 million and $3.6 million for the three months ended September 26, 2021 and September 27, 2020, respectively. Total amortization of patents and licensing rights was $1.3 million and $1.2 million for the three months ended September 26, 2021 and September 27, 2020, respectively. Total future amortization expense of intangible assets is estimated to be as follows:
(in millions of U.S. Dollars) Fiscal Year Ending | Acquisition Related Intangibles |  | Patents |  | Total
June 26, 2022 (remainder of fiscal 2022) | $9.9 |  |  | $3.8 |  |  | $13.7 |
June 25, 2023 | 11.0 |  |  | 4.1 |  |  | 15.1 |
June 30, 2024 | 10.4 |  |  | 3.5 |  |  | 13.9 |
June 29, 2025 | 10.4 |  |  | 2.7 |  |  | 13.1 |
June 28, 2026 | 9.3 |  |  | 2.0 |  |  | 11.3 |
Thereafter | 59.0 |  |  | 10.4 |  |  | 69.4 |
Total future amortization expense | $110.0 |  |  | $26.5 |  |  | $136.5 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration