Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 25, 2016

Activity and goodwill balances for the fiscal years ended June 25, 2016 and June 27, 2015 were as follows:

The useful lives of amortizing intangible assets are as follows:

Intangible assets consisted of the following:



	June 25, 2016						June 27, 2015
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	420,285	$	331,321	$	88,964	$	435,962	$	276,175	$	159,787
Customer relationships	115,634		92,744		22,890		120,230		82,774		37,456
Trade name	8,500		6,486		2,014		8,500		4,886		3,614
Patent	2,500		1,428		1,072		2,500		907		1,593
Total amortizable purchased intangible assets	546,919		431,979		114,940		567,192		364,742		202,450
IPR&D	31,600		—		31,600		59,202		—		59,202
Total purchased intangible assets	$	578,519	$	431,979	$	146,540	$	626,394	$	364,742	$	261,652

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



	For the Year Ended
	June 25, 2016		June 27, 2015		June 28, 2014
	(in thousands)
Cost of goods sold	$	55,031	$	74,366	$	64,483
Intangible asset amortization	12,205		16,077		17,690
Total intangible asset amortization expenses	$	67,236	$	90,443	$	82,173

The following table represents the estimated future amortization expense of intangible assets as of June 25, 2016: