Acquired Developed Technology and Other Intangibles

9 Months Ended

Mar. 30, 2013

Acquired Developed Technology and Other Intangibles

Acquired Developed Technology and Other Intangibles

Note 9. Acquired Developed Technology and Other Intangibles

The following tables present details of the Company’s acquired developed technology and other intangibles (in millions):

	Gross
	Carrying		Accumulated
As of March 30, 2013	Amount		Amortization			Net
Acquired developed technology	$	573.3	$	(449.3	)	$	124.0
Other	245.0		(201.0		)	44.0
Total intangibles	$	818.3	$	(650.3	)	$	168.0

	Gross
	Carrying		Accumulated
As of June 30, 2012	Amount		Amortization			Net
Acquired developed technology	$	534.8	$	(398.6	)	$	136.2
Other	279.3		(236.7		)	42.6
Total intangibles	$	814.1	$	(635.3	)	$	178.8

During the three and nine months ended March 30, 2013, the Company recorded $20.1 million and $57.5 million, respectively, of amortization expense relating to acquired technology and other intangibles.

During the three months ended September 29, 2012, the Company approved a plan to exit the concentrated photovoltaic (“CPV”) product line within the Communications and Commercial Optical Products (“CCOP”) segment. As a result, during the period, the Company incurred a $2.6 million charge for accelerated amortization of related intangibles which is included in Amortization of acquired technologies in the Consolidated Statement of Operations. Refer to “Note 11. Restructuring and Related Charges” for more details.

During the three months ended March 30, 2013, the Company approved a strategic plan to exit the low-speed wireline product line within the CommTest segment. As a result, during the period, the Company incurred a $2.2 million charge for accelerated amortization of related intangibles, of which $1.8 million and $0.4 million is included in Amortization of acquired technologies and in Amortization of other intangibles in the Consolidated Statement of Operations, respectively.

During the three and nine months ended March 31, 2012, the Company recorded $19.8 million and $60.0 million, respectively, of amortization expense relating to acquired technology and other intangibles.

Based on the carrying amount of acquired technology and other intangibles as of March 30, 2013, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2013	$	18.4
2014	50.5
2015	43.1
2016	22.3
2017	19.0
Thereafter	14.7
Total amortization	$	168.0

The acquired developed technology and other intangibles balance are adjusted quarterly to record the effect of currency translation adjustments.