Goodwill and Intangible Assets, Net

9 Months Ended

Mar. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, net

There was no activity in goodwill during the nine months ended March 30, 2014.

The Company tests goodwill for impairment annually during the fourth fiscal quarter and at other times if events have occurred or circumstances exist that indicate the carrying value of goodwill may no longer be recoverable. Given the recent volatility of the Company's market capitalization and lower than expected revenues in the Visibility segment, it is reasonably possible that the Company could record an impairment charge by fiscal year end when the annual impairment test is performed.

Intangible assets, net, are as follows (in thousands):



	March 30, 2014							June 30, 2013
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Core technology and patents	$	77,345	$	(74,912	)	$	2,433	$	77,345	$	(71,132	)	$	6,213
Developed technology	249,170		(146,573		)	102,597		241,100		(127,934		)	$	113,166
Customer relationships	4,900		(2,866		)	2,034		4,900		(2,197		)	$	2,703
Tradenames	8,439		(5,438		)	3,001		8,439		(5,179		)	$	3,260
Other	287		(214		)	73		837		(681		)	$	156
Total amortizable intangible assets:	340,141		(230,003		)	110,138		332,621		(207,123		)	$	125,498
In-process research and development	5,730		—			5,730		13,800		—			13,800
Total intangible assets, net:	$	345,871	$	(230,003	)	$	115,868	$	346,421	$	(207,123	)	$	139,298

The amortizable intangible assets are being amortized on a straight-line basis over expected useful lives ranging from approximately one to thirteen years. Aggregate amortization expense for intangible assets for the three months ended March 30, 2014 and March 31, 2013, was approximately $7.8 million and $7.0 million, respectively. Aggregate amortization expense for intangible assets during the nine months ended March 30, 2014 and March 31, 2013, was approximately $23.4 million and $20.2 million, respectively.

The following table presents the estimated future aggregate amortization expense of intangible assets as of March 30, 2014 (in thousands):



Remainder of 2014	$	7,823
2015	27,285
2016	26,142
2017	9,615
2018	6,218
Thereafter	33,055
	$	110,138

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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