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GOODWILL AND INTANGIBLE ASSETS
 6 Months Ended
Dec. 29, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The balance of goodwill is approximately $1.5 billion as of December 29, 2019 and June 30, 2019, respectively. As of December 29, 2019, $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:
 
December 29, 2019
 
June 30, 2019
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
 
(in thousands)
Customer relationships
$
630,206

 
$
(508,199
)
 
$
122,007

 
$
630,165

 
$
(483,204
)
 
$
146,961

Existing technology
669,488

 
(651,379
)
 
18,109

 
669,399

 
(647,837
)
 
21,562

Patents and other intangible assets
135,048

 
(82,048
)
 
53,000

 
126,235

 
(77,808
)
 
48,427

Total intangible assets
$
1,434,742

 
$
(1,241,626
)
 
$
193,116

 
$
1,425,799

 
$
(1,208,849
)
 
$
216,950

The Company recognized $16.5 million and $36.3 million in intangible asset amortization expense during the three months ended December 29, 2019 and December 23, 2018, respectively. The Company recognized $32.7 million and $72.7 million in intangible asset amortization expense during the six months ended December 29, 2019 and December 23, 2018, respectively.
The estimated future amortization expense of intangible assets as of December 29, 2019, is reflected in the table below. The table excludes $13.5 million of capitalized costs for intangible assets that have not been placed into service.
Fiscal Year
Amount
 
(in thousands)
2020 (remaining 6 months)
$
32,742

2021
63,431

2022
59,093

2023
14,025

2024
7,324

Thereafter
2,962

 
$
179,577