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GOODWILL AND INTANGIBLE ASSETS
9 Months Ended
Mar. 27, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
GOODWILL AND INTANGIBLE ASSETS
Goodwill
The balance of goodwill is approximately $1.4 billion as of March 27, 2016 and June 28, 2015. As of March 27, 2016, $61.1 million of the goodwill balance is tax deductible and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law.
Intangible Assets
The following table provides the Company’s intangible assets as of March 27, 2016:
 
Gross
 
Accumulated
Amortization
 
Net
(in thousands)
Customer relationships
$
615,321

 
$
(284,280
)
 
$
331,041

Existing technology
643,545

 
(379,327
)
 
264,218

Patents
36,053

 
(28,088
)
 
7,965

Other intangible assets
35,914

 
(35,459
)
 
455

Intangible assets subject to amortization
1,330,833

 
(727,154
)
 
603,679

Development rights
9,100

 
 
 
9,100

Intangible assets not subject to amortization
9,100

 
 
 
9,100

Total intangible assets
$
1,339,933

 
$
(727,154
)
 
$
612,779


The following table provides the Company’s intangible assets as of June 28, 2015:
 
Gross
 
Accumulated
Amortization
 
Net
(in thousands)
Customer relationships
$
615,490

 
$
(234,968
)
 
$
380,522

Existing technology
643,919

 
(313,071
)
 
330,848

Patents
33,553

 
(26,431
)
 
7,122

Other intangible assets
35,914

 
(35,366
)
 
548

Intangible assets subject to amortization
1,328,876

 
(609,836
)
 
719,040

Development rights
9,100

 
 
 
9,100

Intangible assets not subject to amortization
9,100

 
 
 
9,100

Total intangible assets
$
1,337,976

 
$
(609,836
)
 
$
728,140


The Company recognized $39.1 million and $39.6 million in intangible asset amortization expense during the three months ended March 27, 2016 and March 29, 2015, respectively. The Company recognized $117.4 million and $118.8 million in intangible asset amortization expense during the nine months ended March 27, 2016, and March 29, 2015, respectively.
The estimated future amortization expense of intangible assets, excluding those with indefinite lives, as of March 27, 2016 was as follows:
Fiscal Year
Amount
 
(in thousands)
2016 (3 months)
$
38,853

2017
154,546

2018
153,339

2019
115,251

2020
50,051

Thereafter
91,639

 
$
603,679