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GOODWILL AND INTANGIBLE ASSETS
 9 Months Ended
Mar. 29, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The balance of goodwill is approximately $1.5 billion as of March 29, 2020 and June 30, 2019, respectively. As of March 29, 2020, $61.1 million of the goodwill balance is tax deductible and the remaining balance is not tax deductible due to purchase accounting and applicable foreign law.
Intangible Assets
The following table provides the Company’s intangible assets:
 
March 29, 2020
 
June 30, 2019
 
Gross
 
Accumulated
Amortization
 
Net
 
Gross
 
Accumulated
Amortization
 
Net
 
(in thousands)
Customer relationships
$
630,068

 
$
(520,321
)
 
$
109,747

 
$
630,165

 
$
(483,204
)
 
$
146,961

Existing technology
668,840

 
(652,523
)
 
16,317

 
669,399

 
(647,837
)
 
21,562

Patents and other intangible assets
95,716

 
(39,098
)
 
56,618

 
126,235

 
(77,808
)
 
48,427

Total intangible assets
$
1,394,624

 
$
(1,211,942
)
 
$
182,682

 
$
1,425,799

 
$
(1,208,849
)
 
$
216,950

The Company recognized $16.6 million and $36.6 million in intangible asset amortization expense during the three months ended March 29, 2020 and March 31, 2019, respectively. The Company recognized $49.3 million and $109.4 million in intangible asset amortization expense during the nine months ended March 29, 2020 and March 31, 2019, respectively.
The estimated future amortization expense of intangible assets as of March 29, 2020, is reflected in the table below. The table excludes $15.1 million of capitalized costs for intangible assets that have not been placed into service.
Fiscal Year
Amount
 
(in thousands)
2020 (remaining 3 months)
$
16,664

2021
64,711

2022
60,441

2023
14,963

2024
7,664

Thereafter
3,169

 
$
167,612