Goodwill and intangible assets

6 Months Ended

Jan. 01, 2022

3. Goodwill and intangible assets

Goodwill

The following table presents the change in goodwill by reportable segment for the six months ended January 1, 2022.


	Electronic
	Components		Farnell		Total

	(Thousands)
Carrying value at July 3, 2021 ⁽¹⁾	$	310,582	$	527,523	$	838,105
Foreign currency translation		(4,980)		(9,397)		(14,377)
Carrying value at January 1, 2022 ⁽¹⁾	$	305,602	$	518,126	$	823,728

(1)	Includes accumulated impairments of $1,482,677 from prior fiscal years.

Intangible Assets

The following table presents the Company’s acquired intangible assets at January 1, 2022 and July 3, 2021, respectively.


	January 1, 2022						July 3, 2021
	Acquired		Accumulated		Net Book		Acquired		Accumulated		Net Book
	Amount		Amortization		Value		Amount⁽¹⁾		Amortization		Value

	(Thousands)
Customer related	$	318,723	$	(308,131)	$	10,592	$	324,416	$	(312,392)	$	12,024
Trade name		56,103		(48,635)		7,468		57,184		(45,019)		12,165
Technology and other		56,510		(55,299)		1,211		57,809		(53,459)		4,350
	$	431,336	$	(412,065)	$	19,271	$	439,409	$	(410,870)	$	28,539

⁽¹⁾Acquired amount reduced by impairment of $17,473 from prior fiscal years.

Intangible asset amortization expense was $3.8 million and $10.4 million for the second quarters of fiscal 2022 and 2021, respectively, and $9.0 million and $30.5 million for the first six months of fiscal 2022 and 2021, respectively.

The following table presents the estimated future amortization expense for the remainder of fiscal 2022 and the next five fiscal years (in thousands):


Fiscal Year
Remainder of fiscal 2022	$	6,250
2023		6,525
2024		3,184
2025		1,472
2026		1,472
2027		368
Total	$	19,271