Acquired Intangibles

9 Months Ended

Mar. 31, 2017

Goodwill And Intangible Assets Disclosure [Abstract]

Acquired Intangibles

7. Acquired Intangibles

The following table summarizes the life, the gross carrying value and the related accumulated amortization of our acquired intangible assets as of March 31, 2017 and June 30, 2016 (in millions):

	Weighted Average Life in Years		March 31, 2017			June 30, 2016
Display driver technology		5.3	$	164.0		$	164.0
Fingerprint authentication technology		4.3		63.5			75.6
Customer relationships		2.8		48.4			48.4
Licensed technology and other		5.0		1.3			1.3
Patents		7.7		4.7			4.8
Supplier arrangement				-			22.0
Acquired intangibles, gross		4.5		281.9			316.1
Accumulated amortization				(166.8	)		(155.8	)
Acquired intangibles, net			$	115.1		$	160.3

The total amortization expense for the acquired intangible assets was $14.0 million and $17.7 million for the three months ended March 31, 2017 and 2016, respectively, and $45.2 million and $55.6 million for the nine months ended March 31, 2017 and 2016, respectively.  Amortization expense was included in our condensed consolidated statements of income in cost of revenue and acquired intangibles amortization.

The following table presents expected annual fiscal year aggregate amortization expense as of March 31, 2017 (in millions):

Remainder of 2017	$	14.1
2018		48.6
2019		34.2
2020		10.6
2021		3.5
2022		3.5
Thereafter		0.6
Future amortization	$	115.1