Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 29, 2019

Activity and goodwill balances for the fiscal years ended June 29, 2019 and June 30, 2018 were as follows:

The useful lives of amortizing intangible assets are as follows:

Intangible assets consisted of the following:



	June 29, 2019						June 30, 2018
	Original Cost		Accumulated Amortization		Net		Original Cost		Accumulated Amortization		Net
	(in thousands)
Intellectual property	$	487,346	$	445,558	$	41,788	$	485,465	$	423,869	$	61,596
Customer relationships	116,505		105,901		10,604		116,294		103,217		13,077
Trade name	9,974		8,914		1,060		9,340		8,588		752
Patent	2,500		2,500		—		2,500		2,469		31
Total amortizable intangible assets	616,325		562,873		53,452		613,599		538,143		75,456
In-process Research and Development (IPR&D)	2,790		—		2,790		2,790		—		2,790
Total intangible assets	$	619,115	$	562,873	$	56,242	$	616,389	$	538,143	$	78,246

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



	For the Year Ended
	June 29, 2019		June 30, 2018		June 24, 2017
	(in thousands)
Cost of goods sold	$	21,689	$	46,063	$	46,484
Intangible asset amortization	3,041		4,467		9,189
Total intangible asset amortization expenses	$	24,730	$	50,530	$	55,673

The following table represents the estimated future amortization expense of intangible assets as of June 29, 2019:



	Amount
Fiscal Year	(in thousands)
2020	$	15,068
2021	13,368
2022	7,689
2023	7,205
2024	4,229
Thereafter	5,893
Total amortizable intangible assets	$	53,452