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Intangible Assets
3 Months Ended
Sep. 28, 2013
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

2. INTANGIBLE ASSETS

The following table summarizes the components of intangible assets and related accumulated amortization balances for each of the period-ending dates shown, which were recorded as a result of business combinations:

  September 28, 2013     June 29, 2013
(in thousands)   Gross     Accumulated Amortization     Net     Gross     Accumulated Amortization     Net
                         
Customer relationships   $ 6,071     $ (3,179 )   $ 2,892     $ 6,032     $ (2,912 )   $ 3,120  
Core developed technology     13,449       (7,526 )     5,923       13,349       (6,924 )     6,425  
                                                 
Total amortizable purchased intangible assets     19,520       (10,705 )     8,815       19,381       (9,836 )     9,545  
                                                 
SaRonix trade name     405             405       399             399  
                                                 
Total purchased intangible assets   $ 19,925     $ (10,705 )   $ 9,220     $ 19,780     $ (9,836 )   $ 9,944  

 

Amortization expense related to finite-lived purchased intangible assets was approximately $785,000 and $776,000 for the three month periods ended September 28, 2013 and September 29, 2012, respectively.

 

The Company performs an impairment review of its intangible assets at least annually. Based on the results of its most recent impairment review, the Company determined that no impairment of its intangible assets existed as of September 28, 2013. However, future impairment reviews could result in a charge to earnings.

 

The finite-lived purchased intangible assets consist of customer relationships and existing and core technology, which have remaining useful lives from one to four years. The Company expects future amortization expense associated with its intangible assets to be:

 

    Months from September 28, 2013    
(in thousands)   Next 12
Months
    13-24
Months
    25-36
Months
    37-48
Months
    49-60
Months
    Over 60
Months
    Total
Customer relationships   $ 992     $ 992     $ 908     $     $     $     $ 2,892  
Core developed technology     1,935       1,918       1,808       262                   5,923  
    $ 2,927     $ 2,910     $ 2,716     $ 262     $     $     $ 8,815