Intangible Assets

6 Months Ended

Dec. 28, 2013

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:

	December 28, 2013							June 29, 2013
(in thousands)	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net

Customer relationships	$	6,096	$	(3,440	)	$	2,656	$	6,032	$	(2,912	)	$	3,120
Core developed technology		13,474		(8,026	)		5,448		13,349		(6,924	)		6,425

Total amortizable purchased intangible assets		19,570		(11,466	)		8,104		19,381		(9,836	)		9,545

SaRonix trade name		399		-			399		399		-			399

Total purchased intangible assets	$	19,969	$	(11,466	)	$	8,503	$	19,780	$	(9,836	)	$	9,944

Amortization expense related to finite-lived purchased intangible assets was approximately $747,000 and $1.5 million for the three and six month periods ended December 28, 2013 and $772,000 and $1.5 million for the three and six month periods ended December 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 December 28, 2013. However, future impairment reviews could result in a charge to earnings.

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

	Months from December 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	$	996	$	996	$	664	$	-	$	-	$	-	$	2,656
Core developed technology		1,928		1,928		1,484		108		-		-		5,448

	$	2,924	$	2,924	$	2,148	$	108	$	-	$	-	$	8,104