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Acquired Intangibles and Goodwill
 6 Months Ended
Dec. 25, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Acquired Intangibles and Goodwill . Acquired Intangibles and Goodwill

Acquired Intangibles

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets (in millions):

 

 

 

 

 

 

December 2021

 

 

June 2021

 

 

 

Weighted Average
Life in Years

 

 

Gross Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

 

Gross Carrying
Value

 

 

Accumulated
Amortization

 

 

Net Carrying
Value

 

Audio and video technology

 

 

5.6

 

 

$

189.6

 

 

$

(87.7

)

 

$

101.9

 

 

$

138.6

 

 

$

(97.6

)

 

$

41.0

 

Customer relationships

 

 

4.4

 

 

$

190.5

 

 

$

(80.2

)

 

 

110.3

 

 

 

125.5

 

 

 

(63.8

)

 

 

61.7

 

Wireless connectivity technology

 

 

6.0

 

 

$

128.0

 

 

$

(22.5

)

 

 

105.5

 

 

 

93.0

 

 

 

(14.2

)

 

 

78.8

 

Video interface technology

 

 

3.0

 

 

$

82.0

 

 

$

(38.7

)

 

 

43.3

 

 

 

82.0

 

 

 

(25.1

)

 

 

56.9

 

Display driver technology

 

 

7.0

 

 

$

20.4

 

 

$

(19.0

)

 

 

1.4

 

 

 

20.4

 

 

 

(17.5

)

 

 

2.9

 

Backlog

 

 

1.0

 

 

$

11.0

 

 

$

(0.9

)

 

 

10.1

 

 

 

12.0

 

 

 

(12.0

)

 

 

-

 

Licensed technology and other

 

 

4.5

 

 

$

9.9

 

 

$

(6.3

)

 

 

3.6

 

 

 

13.0

 

 

 

(8.1

)

 

 

4.9

 

Patents

 

 

8.0

 

 

$

4.4

 

 

$

(3.4

)

 

 

1.0

 

 

 

4.4

 

 

 

(3.2

)

 

 

1.2

 

Tradename

 

 

4.4

 

 

$

5.8

 

 

$

(2.3

)

 

 

3.5

 

 

 

4.8

 

 

 

(1.7

)

 

 

3.1

 

In process research and development

 

Not applicable

 

 

$

67.0

 

 

 

-

 

 

 

67.0

 

 

 

51.0

 

 

 

-

 

 

 

51.0

 

Acquired intangibles totals

 

 

5.5

 

 

$

708.6

 

 

$

(261.0

)

 

$

447.6

 

 

$

544.7

 

 

$

(243.2

)

 

$

301.5

 

The total amortization expense for the acquired intangible assets was $29.2 million and $31.6 million for the three months ended December 25, 2021, and December 26, 2020, respectively, and $54.4 million and $57.0 million for the six months ended December 25, 2021 and December 26, 2020, respectively. During the three months ended December 25, 2021, and December 26, 2020, $19.9 million and $22.9 million, respectively, and $36.8 million and $41.6 million for the six months ended December 25, 2021 and December 26, 2020, respectively, of amortization expense was included in our condensed consolidated statements of income in cost of revenue; the remainder was included in acquired intangibles amortization.

Goodwill

Goodwill represents the excess of the purchase price over the fair value of net tangible and identifiable intangible assets acquired. The changes in our goodwill balance for the six months ended December 25, 2021 reflect our preliminary estimate of goodwill associated with the acquisition of DSPG.