Intangible Assets

12 Months Ended

Jun. 27, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible assets consisted of the following:


	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Weighted Average Useful Life
June 27, 2025
Customer relationships	$	340,110	$	(182,656)	$	157,454	12.2 years
Licensing agreements and patents	4,162		(3,086)		1,076		5.0 years
Completed technologies	125,586		(73,505)		52,081		9.2 years


	$	469,858	$	(259,247)	$	210,611
June 28, 2024
Customer relationships	$	342,610	$	(155,903)	$	186,707	12.2 years
Licensing agreements and patents	4,162		(2,254)		1,908		5.0 years
Completed technologies	122,680		(62,975)		59,705		9.4 years

Other	3,238		(1,046)		2,192		5.0 years
	$	472,690	$	(222,178)	$	250,512

Estimated future amortization expense for intangible assets remaining at June 27, 2025 is as follows:


Fiscal Year	Totals
2026	$	38,479
2027	35,680
2028	31,817
2029	28,523
2030	23,788
Thereafter	52,324
Total future amortization expense	$	210,611

The Company reviews net intangible assets with finite lives for impairment when an event occurs indicating the potential for impairment. Based on the Company’s last assessment, the Company believes that the carrying values of net intangible assets were recoverable as of June 27, 2025. However, if business conditions deteriorate, the Company may be required to record impairment losses, and or increase the amortization of intangibles in the future. Any impairment charges that the Company may record in the future could be material to the results of operations and financial condition.

During fiscal 2025, the Company acquired completed technologies of $4,866 with a useful life of 7.5 years in connection with the Company's asset acquisition of Star Lab.