Intangible Assets

9 Months Ended

Mar. 28, 2015

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:

	March 28, 2015							June 28, 2014
			Accumulated							Accumulated
(in thousands)	Gross		Amortization			Net		Gross		Amortization			Net
Customer relationships	$	6,003	$	(4,613	)	$	1,390	$	6,056	$	(3,913	)	$	2,143
Core developed technology		13,229		(10,230	)		2,999		13,402		(8,936	)		4,466
Total amortizable purchased intangible assets		19,232		(14,843	)		4,389		19,458		(12,849	)		6,609
SaRonix trade name		383		-			383		400		-			400
Total purchased intangible assets	$	19,615	$	(14,843	)	$	4,772	$	19,858	$	(12,849	)	$	7,009

Amortization expense related to finite-lived purchased intangible assets was approximately $717,000 and $2.2 million for the three and nine month periods ended March 28, 2015 and $732,000 and $2.3 million for the three and nine month periods ended March 29, 2014, 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 March 28, 2015. 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 two years. The Company expects future amortization expense associated with its intangible assets to be:

	Months from March 28, 2015
	Next 12		13-24		Over 24
(in thousands)	Months		Months		Months		Total
Customer relationships	$	982	$	408	$	-	$	1,390
Core developed technology		1,899		1,100		-		2,999
	$	2,881	$	1,508	$	-	$	4,389