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Goodwill and Intangible Assets

12 Months Ended

May 29, 2011

Note 8. Goodwill and Intangible Assets

Goodwill

The following table presents goodwill by reportable segments:

(In Millions)		Analog Segment		All Others		Total


Balances at May 31, 2009		$	54.2	$	7.3	$	61.5
	Acquisition of ERI		4.6		-		4.6

Balances at May 30, 2010			58.8		7.3		66.1
	Acquisition of GTronix		2.2		-		2.2

Balances at May 29, 2011		$	61.0	$	7.3	$	68.3

In fiscal 2011, we recorded $2.2 million of goodwill in connection with the acquisition of GTronix and in fiscal 2010, we recorded $4.6 million of goodwill in connection with the acquisition of ERI (See Note 7 to the Consolidated Financial Statements).

Intangible Assets

We have intangible assets of $2.9 million at May 29, 2011 and $2.9 million at May 30, 2010, which are included in other assets in the consolidated balance sheet. These intangible assets primarily include developed technology and other amortizable intangible assets with a weighted-average amortization period of 6.3 years. Amortization expense was $0.7 million in fiscal 2011, $0.4 million in fiscal 2010, and $0.1 million in fiscal 2009.

- 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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