Goodwill and intangible assets

12 Months Ended

Jul. 02, 2022

6. Goodwill, intangible assets, and impairments

Goodwill

The following table presents the change in goodwill balances by reportable segment for fiscal year 2022.


	Electronic
	Components		Farnell		Total

	(Thousands)
Carrying value at July 3, 2021 ⁽¹⁾	$	310,582	$	527,523	$	838,105
Foreign currency translation		(19,056)		(60,216)		(79,272)
Carrying value at July 2, 2022 ⁽¹⁾	$	291,526	$	467,307	$	758,833

(1)	Includes accumulated impairment of $1,482,677 from prior fiscal years.

Intangible Assets

The following table presents the Company’s acquired identifiable intangible assets:


	July 2, 2022						July 3, 2021
	Acquired		Accumulated		Net Book		Acquired		Accumulated		Net Book
	Amount		Amortization		Value		Amount⁽¹⁾		Amortization		Value

	(Thousands)
Customer related	$	292,163	$	(283,006)	$	9,157	$	324,416	$	(312,392)	$	12,024
Trade name		50,655		(47,961)		2,694		57,184		(45,019)		12,165
Technology and other		51,634		(50,834)		800		57,809		(53,459)		4,350
	$	394,452	$	(381,801)	$	12,651	$	439,409	$	(410,870)	$	28,539

(1)	Acquired amount reduced by impairment of $17,473 from prior fiscal years.

Intangible asset amortization expense was $15.0 million, $41.0 million, and $81.1 million for fiscal 2022, 2021, and 2020, respectively.

The following table presents the estimated future amortization expense for the next five fiscal years (in thousands):


Fiscal Year
2023		6,181
2024		3,159
2025		1,472
2026		1,471
2027		368
Total	$	12,651

In fiscal 2021, the Company recorded $15.2 million of equity investment impairment expense classified within other expense, net in the consolidated statements of operations.