Goodwill and Intangible Assets
 3 Months Ended
Sep. 27, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets [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. The Company performed the annual goodwill impairment analysis during the first quarter of fiscal year 2015 and concluded that goodwill was not impaired, as the fair value of each reporting unit exceeded its carrying value.

Activity and goodwill balances for the three months ended September 27, 2014 were as follows:

 
Goodwill
 
(in thousands)
Balance at June 28, 2014
$
596,637

Adjustments
(1,196
)
Balance at September 27, 2014
$
595,441



Intangible Assets

The useful lives of amortizable intangible assets are as follows:
 
Asset
 
Life
Intellectual property
 
3 months-10 years
Customer relationships
 
5-10 years
Trade name
 
3-4 years
Backlog
 
4 months
Patents
 
5 years


Intangible assets consisted of the following:
 
 
September 27,
2014
 
June 28,
2014
 
Original
Cost 
 
Accumulated
Amortization 
 
Net
 
Original
Cost
 
Accumulated
Amortization
 
Net
 
(in thousands)
Intellectual property
$
435,962

 
$
220,389

 
$
215,573

 
$
435,962

 
$
201,581

 
$
234,381

Customer relationships
120,230

 
72,786

 
47,444

 
120,230

 
69,064

 
51,166

Tradename
8,500

 
3,686

 
4,814

 
8,500

 
3,269

 
5,231

Backlog
—

 
—

 
—

 
1,000

 
1,000

 
—

Patent
2,500

 
516

 
1,984

 
2,500

 
386

 
2,114

Total amortizable purchased intangible assets
567,192

 
297,377

 
269,815

 
568,192

 
275,300

 
292,892

IPR&D
68,102

 
—

 
68,102

 
68,102

 
—

 
68,102

Total purchased intangible assets
$
635,294

 
$
297,377

 
$
337,917

 
$
636,294

 
$
275,300

 
$
360,994



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

 
Three Months Ended
 
September 27,
2014
 
September 28,
2013
 
(in thousands)
Cost of goods sold
$
18,750

 
$
8,092

Intangible asset amortization
4,327

 
3,436

Total intangible asset amortization expenses
$
23,077

 
$
11,528



The following table represents the estimated future amortization expense of intangible assets as of September 27, 2014:
 
Fiscal Year
 
Amount
 
 
(in thousands)
Remaining nine months of 2015
 
$
67,366

2016
 
74,454

2017
 
61,782

2018
 
41,927

2019
 
13,278

2020
 
3,358

Thereafter
 
7,650

Total intangible assets
 
$
269,815