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Intangibles
9 Months Ended
Mar. 29, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangibles Intangibles
The following tables present details of the Company’s intangibles:
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
As of March 29, 2024
Software$11,253 $(8,826)$2,427 
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Net
As of June 30, 2023
Software$10,533 $(8,139)$2,394 
The Company recorded amortization expense relating to intangibles of $0.2 million and $0.3 million for the three months ended March 29, 2024 and March 31, 2023, respectively, and $0.8 million and $1.1 million for the nine months ended March 29, 2024 and March 31, 2023, respectively.
The weighted-average remaining life of software was:
(years)
As of
March 29, 2024
As of
June 30, 2023
Software2.23.1
Based on the carrying amount of intangibles as of March 29, 2024, and assuming no future impairment of the underlying assets, the estimated future amortization during each fiscal year was as follows:
(in thousands) 
2024 (remaining three months) $324 
2025831 
2026609 
2027402 
2028229 
Thereafter32 
Total$2,427