Intangible Assets

3 Months Ended

Sep. 23, 2012

Goodwill and Intangible Assets Disclosure [Abstract]

The following table presents the components of intangible assets, net (in thousands):



	September 23, 2012			June 24, 2012
Customer relationships	$	137,440		$	137,440
Developed technology	147,710			147,710
In-process research and development	15,050			15,050
Non-compete agreements	10,244			10,244
Trade names	83,400			83,400
Patent and license rights	102,733			97,812
Intangible assets, gross	$	496,577		$	491,656
Accumulated amortization	(124,583		)	(115,581		)
Intangible assets, net	$	371,994		$	376,075

Total amortization expense, including the amortization of acquisition related intangibles, patents and license rights, recognized during the three months ended September 23, 2012 was $9.2 million. For the three months ended September 25, 2011, total amortization expense, including the amortization of acquisition related intangibles, patents and license rights, was $5.3 million.

Total annual amortization expense of intangible assets is estimated to be as follows (in thousands):



Fiscal Year Ending
June 30, 2013	$	37,032
June 29, 2014	34,908
June 28, 2015	31,937
June 26, 2016	31,638
June 25, 2017	29,658

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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