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Acquisitions
12 Months Ended
Jun. 29, 2019
Acquisition [Abstract]  
Acquisitions [Text Block]
ACQUISITIONS

On January 26, 2018, the Company acquired a privately-held corporation specializing in the development of high performance USB and video extension technology. Total cash consideration paid in connection with this acquisition was $57.8 million, net of cash acquired. The Company also agreed to pay up to an additional $16.0 million if the acquired business achieves certain financial milestones for the annual periods ending August 31, 2018 and August 31, 2019. Out of the $16.0 million contingent consideration, $8 million was paid during the year ended June 29, 2019. The acquired assets included $26.0 million of developed technology and $10.5 million of other intangible assets. The Company also recorded $41.9 million of goodwill in connection with this acquisition. The goodwill is not deductible for tax purposes.

There were no material acquisitions completed during fiscal years 2019 and 2017.