Goodwill and Identifiable Intangible Assets

12 Months Ended

Jun. 27, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Identifiable Intangible Assets

Goodwill

Our goodwill for fiscal 2012 resulted from our acquisition of Telsima Corporation in fiscal 2009, which was accounted for as a purchase business combination. The changes in the carrying amount of goodwill were as follows:



	Amount
	(In millions)
Balance as of July 1, 2011	$	5.6
Goodwill impairment charges	(5.6		)
Balance as of June 29, 2012	$	—

In the second quarter of fiscal 2012, we concluded that a goodwill impairment indicator existed due to a significant decline in our market capitalization. Therefore we performed a goodwill impairment analysis and recorded a $5.6 million goodwill impairment charge in the quarter. As of June 27, 2014 and June 28, 2013, we did not have any goodwill in our consolidated balance sheets.

Identifiable Intangible Assets

A summary of our identifiable intangible assets is presented below:



	Purchased Technology			Customer Relationships			Total Identifiable Intangible Assets
	(In millions)
Net identifiable intangible assets as of June 29, 2012	$	0.6		$	1.2		$	1.8
Less: amortization expense	(0.6		)	(0.4		)	(1.0		)
Net identifiable intangible assets as of June 28, 2013	—			0.8			0.8
Less: amortization expense	—			(0.4		)	(0.4		)
Net identifiable intangible assets as of June 27, 2014	$	—		$	0.4		$	0.4
Amortization expenses:
Fiscal 2014	$	—		$	0.4		$	0.4
Fiscal 2013	$	0.6		$	0.4		$	1.0
Fiscal 2012	$	0.7		$	0.3		$	2.3
Weighted average estimated useful life (in years)	3.0			5.0

Our identifiable intangible assets are being amortized over their useful estimated economic lives, which range from one to five years.

At June 27, 2014, we estimate our future amortization of identifiable intangible assets with definite lives by year as follows:



Fiscal Year	Amount
	(In millions)
2015	$	0.4
	$	0.4

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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