MAXIM INTEGRATED PRODUCTS INC - 10-Q filing on 2014-10-24

Goodwill and Intangible Assets (Tables)

3 Months Ended

Sep. 27, 2014

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

The useful lives of amortizable intangible assets are as follows:

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: