Goodwill and Intangible Assets, Net

6 Months Ended

Dec. 28, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets, net

There was no activity in goodwill during the six months ended December 28, 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, the inherent uncertainty in forecast and identification of triggering events, and the fact that the fair value of the Company's reporting units did not exceed their carrying value by a substantial margin during the annual impairment test during the fourth fiscal quarter, it is possible that the Company's goodwill could become impaired in the near term.

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



	December 28, 2014							June 29, 2014
	Gross		Accumulated Amortization			Net		Gross		Accumulated Amortization			Net
Amortizable intangible assets:
Core technology and patents	$	77,345	$	(76,692	)	$	653	$	77,345	$	(76,172	)	$	1,173
Developed technology	254,900		(165,558		)	89,342		254,900		(152,850		)	$	102,050
Customer relationships	4,900		(3,535		)	1,365		4,900		(3,089		)	$	1,811
Tradenames	8,439		(5,696		)	2,743		8,439		(5,524		)	$	2,915
Other	287		(268		)	19		287		(229		)	$	58
Total intangible assets, net:	$	345,871	$	(251,749	)	$	94,122	$	345,871	$	(237,864	)	$	108,007

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 December 28, 2014 and December 29, 2013, was approximately $6.9 million and $7.8 million, respectively. Aggregate amortization expense for intangible assets during the six months ended December 28, 2014 and December 29, 2013, was approximately $13.9 million and $15.6 million, respectively

The following table presents the estimated future aggregate amortization expense of intangible assets as of December 28, 2014 (in thousands):



Remainder of 2015	$	13,861
2016	26,603
2017	10,076
2018	6,678
2019	6,678
Thereafter	30,226
	$	94,122

- 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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