Intangible Assets

3 Months Ended

Sep. 26, 2015

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 26, 2015							June 27, 2015
			Accumulated							Accumulated
(in thousands)	Gross		Amortization			Net		Gross		Amortization			Net
Customer relationships	$	5,845	$	(4,968	)	$	877	$	6,008	$	(4,862	)	$	1,146
Core developed technology		12,831		(10,836	)		1,995		13,251		(10,726	)		2,525
Total amortizable purchased intangible assets		18,676		(15,804	)		2,872		19,259		(15,588	)		3,671

SaRonix trade name		362		-			362		386		-			386
Total purchased intangible assets	$	19,038	$	(15,804	)	$	3,234	$	19,645	$	(15,588	)	$	4,057

Amortization expense related to finite-lived purchased intangible assets was approximately $721,000 and $725,000 for the three month periods ended September 26, 2015 and September 27, 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 September 26, 2015. 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 two years. The Company expects future amortization expense associated with its intangible assets to be:

	Months from September 26, 2015
(in thousands)	Next 12		13-24		Over 24
	Months		Months		Months		Total
Customer relationships	$	877	$	-	$	-	$	877
Core developed technology		1,744		251		-		1,995
Total	$	2,621	$	251	$	-	$	2,872