MAXIM INTEGRATED PRODUCTS INC - 10-Q filing on 2017-04-21

Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 25, 2017

The useful lives of amortizable intangible assets are as follows:

Intangible assets consisted of the following:



	March 25, 2017						June 25, 2016
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	451,885	$	366,741	$	85,144	$	420,285	$	331,321	$	88,964
Customer relationships	115,634		98,293		17,341		115,634		92,744		22,890
Trade name	8,500		7,686		814		8,500		6,486		2,014
Patents	2,500		1,818		682		2,500		1,428		1,072
Total amortizable purchased intangible assets	578,519		474,538		103,981		546,919		431,979		114,940
IPR&D	—		—		—		31,600		—		31,600
Total purchased intangible assets	$	578,519	$	474,538	$	103,981	$	578,519	$	431,979	$	146,540

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



	Three Months Ended				Nine Months Ended
	March 25, 2017		March 26, 2016		March 25, 2017		March 26, 2016
	(in thousands)
Cost of goods sold	$	11,064	$	11,829	$	35,420	$	43,201
Intangible asset amortization	2,348		2,538		7,139		9,667
Total intangible asset amortization expenses	$	13,412	$	14,367	$	42,559	$	52,868

The following table represents the estimated future amortization expense of intangible assets as of March 25, 2017: