Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 30, 2019

Mar. 31, 2018

Goodwill [Line Items]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company monitors the recoverability of goodwill recorded in connection with acquisitions, by reporting unit, annually, or more often if events or changes in circumstances indicate that the carrying amount may not be recoverable.

There were no changes to goodwill for the nine months ended March 30, 2019.

No indicators or instances of impairment were identified in the nine months and fiscal year ended March 30, 2019 and June 30, 2018, respectively.

Intangible assets consisted of the following:

	March 30, 2019						June 30, 2018
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	488,846	$	443,020	$	45,826	$	485,465	$	423,869	$	61,596
Customer relationships	116,505		105,229		11,276		116,294		103,217		13,077
Trade name	9,974		8,830		1,144		9,340		8,588		752
Patents	2,500		2,500		—		2,500		2,469		31
Total amortizable purchased intangible assets	617,825		559,579		58,246		613,599		538,143		75,456
In-process research & development (IPR&D)	2,790		—		2,790		2,790		—		2,790
Total purchased intangible assets	$	620,615	$	559,579	$	61,036	$	616,389	$	538,143	$	78,246

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The Company monitors the recoverability of goodwill recorded in connection with acquisitions, by reporting unit, annually, or more often if events or changes in circumstances indicate that the carrying amount may not be recoverable.

There were no changes to goodwill for the nine months ended March 30, 2019.

No indicators or instances of impairment were identified in the nine months and fiscal year ended March 30, 2019 and June 30, 2018, respectively.

Intangible assets consisted of the following:

	March 30, 2019						June 30, 2018
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	488,846	$	443,020	$	45,826	$	485,465	$	423,869	$	61,596
Customer relationships	116,505		105,229		11,276		116,294		103,217		13,077
Trade name	9,974		8,830		1,144		9,340		8,588		752
Patents	2,500		2,500		—		2,500		2,469		31
Total amortizable purchased intangible assets	617,825		559,579		58,246		613,599		538,143		75,456
In-process research & development (IPR&D)	2,790		—		2,790		2,790		—		2,790
Total purchased intangible assets	$	620,615	$	559,579	$	61,036	$	616,389	$	538,143	$	78,246

The following table presents the amortization expense of intangible assets and its presentation in the Condensed Consolidated Statements of Income:

	Three Months Ended				Nine Months Ended
	March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
	(in thousands)
Cost of goods sold	$	5,368	$	12,101	$	19,151	$	34,305
Intangible asset amortization	756		876		2,285		3,623
Total intangible asset amortization expenses	$	6,124	$	12,977	$	21,436	$	37,928

The following table represents the estimated future amortization expense of intangible assets as of March 30, 2019:

Fiscal Year	Amount
	(in thousands)
Remaining three months of 2019	$	4,793
2020	15,068
2021	13,368
2022	7,689
2023	7,205
Thereafter	10,123
Total intangible assets	$	58,246

Schedule of intangible assets [Table Text Block]

Intangible assets consisted of the following:

	March 30, 2019						June 30, 2018
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	488,846	$	443,020	$	45,826	$	485,465	$	423,869	$	61,596
Customer relationships	116,505		105,229		11,276		116,294		103,217		13,077
Trade name	9,974		8,830		1,144		9,340		8,588		752
Patents	2,500		2,500		—		2,500		2,469		31
Total amortizable purchased intangible assets	617,825		559,579		58,246		613,599		538,143		75,456
In-process research & development (IPR&D)	2,790		—		2,790		2,790		—		2,790
Total purchased intangible assets	$	620,615	$	559,579	$	61,036	$	616,389	$	538,143	$	78,246

Schedule of amortization expense allocation of intangible assets [Table Text Block]

The following table presents the amortization expense of intangible assets and its presentation in the Condensed Consolidated Statements of Income:

	Three Months Ended				Nine Months Ended
	March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
	(in thousands)
Cost of goods sold	$	5,368	$	12,101	$	19,151	$	34,305
Intangible asset amortization	756		876		2,285		3,623
Total intangible asset amortization expenses	$	6,124	$	12,977	$	21,436	$	37,928

Estimated future amortization expense of intangible assets [Table Text Block]

The following table represents the estimated future amortization expense of intangible assets as of March 30, 2019:

Fiscal Year	Amount
	(in thousands)
Remaining three months of 2019	$	4,793
2020	15,068
2021	13,368
2022	7,689
2023	7,205
Thereafter	10,123
Total intangible assets	$	58,246