Acquired Developed Technology and Other Intangibles

3 Months Ended

Sep. 27, 2014

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, customer relationships and other intangibles (in millions):

	Gross
	Carrying		Accumulated
As of September 27, 2014	Amount		Amortization		Net
Acquired developed technology	$	543.2	$	(447.2)	$	96.0
Customer relationships		201.4		(143.7)		57.7
Other		23.1		(21.4)		1.7
Total intangibles subject to amortization		767.7		(612.3)		155.4
In-process research and development intangibles		5.4		-		5.4
Total intangibles	$	773.1	$	(612.3)	$	160.8

	Gross
	Carrying		Accumulated
As of June 28, 2014	Amount		Amortization		Net
Acquired developed technology	$	548.8	$	(443.1)	$	105.7
Customer relationships		205.2		(142.3)		62.9
Other		24.2		(22.1)		2.1
Total intangibles subject to amortization		778.2		(607.5)		170.7
In-process research and development intangibles		7.1		-		7.1
Total intangibles	$	785.3	$	(607.5)	$	177.8

During the three months ended September 27,2014, the Company completed its in-process research and development (“IPR&D”) project related to the fiscal 2014 acquisition of Network Instruments.Accordingly, $1.7 million was transferred from indefinite life intangible assets to acquired developed technology intangible assets and began amortizing over its useful life of fifty-two months.

During the three months ended September 27,2014 and September 28,2013, the Company recorded $15.1million and $14.1 million respectively, of amortization expense relating to acquired developed technology, customer relationships and other intangibles.

Based on the carrying amount of acquired developed technology, customer relationships and other intangibles as of September 27,2014, and assuming no future impairment of the underlying assets, the estimated future amortization is as follows (in millions):

Fiscal Years
Remainder of 2015	$	44.4
2016		38.7
2017		35.4
2018		22.7
2019		10.8
Thereafter		3.4
Total amortization	$	155.4

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