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Goodwill and Intangible Assets | 12 Months Ended
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Jun. 25, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill There were no changes to goodwill during the fiscal year ended June 25, 2023. As of the first day of its fourth quarter of fiscal 2023, the Company performed a qualitative impairment test on the goodwill balance and concluded there was no impairment. Intangible Assets Intangible assets, net included the following:
| June 25, 2023 |  | June 26, 2022
(in millions of U.S. Dollars) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net
Intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $96.8 |  |  | ($37.4) |  |  | $59.4 |  |  | $96.8 |  |  | ($31.2) |  |  | $65.6 |
Developed technology | 68.0 |  |  | (38.3) |  |  | 29.7 |  |  | 68.0 |  |  | (33.6) |  |  | 34.4 |
Non-compete agreements | — |  |  | — |  |  | — |  |  | 12.2 |  |  | (12.2) |  |  | — |
Acquisition related intangible assets | 164.8 |  |  | (75.7) |  |  | 89.1 |  |  | 177.0 |  |  | (77.0) |  |  | 100.0 |
Patent and licensing rights | 65.0 |  |  | (38.2) |  |  | 26.8 |  |  | 65.5 |  |  | (40.1) |  |  | 25.4 |
Total intangible assets | 229.8 |  |  | (113.9) |  |  | 115.9 |  |  | 242.5 |  |  | (117.1) |  |  | 125.4 |
Total amortization of acquisition-related intangibles assets was $10.9 million, $13.6 million and $14.5 million and total amortization of patents and licensing rights was $5.0 million, $5.4 million and $5.9 million for the years ended June 25, 2023, June 26, 2022 and June 27, 2021, respectively. The Company invested $6.5 million, $5.7 million and $5.9 million for the years ended June 25, 2023, June 26, 2022 and June 27, 2021, respectively, for patent and licensing rights. For the fiscal years ended June 25, 2023, June 26, 2022 and June 27, 2021, the Company recognized $0.1 million, $1.8 million and $0.7 million, respectively, in impairment charges related to its patent portfolio. 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 30, 2024 | $10.4 |  |  | $4.4 |  |  | $14.8 |
June 29, 2025 | 10.4 |  |  | 3.4 |  |  | 13.8 |
June 28, 2026 | 9.3 |  |  | 2.6 |  |  | 11.9 |
June 27, 2027 | 9.3 |  |  | 2.1 |  |  | 11.4 |
June 26, 2028 | 9.3 |  |  | 1.8 |  |  | 11.1 |
Thereafter | 40.4 |  |  | 12.5 |  |  | 52.9 |
Total future amortization expense | $89.1 |  |  | $26.8 |  |  | $115.9 |

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