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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 24, 2018
Jun. 25, 2017
Goodwill [Line Items]    
Schedule of Goodwill by Reporting Unit
Goodwill by reporting unit as of June 24, 2018 was as follows (in thousands):
 
Wolfspeed
 
LED Products
 
Lighting Products
 
Consolidated Total
Balance at June 25, 2017

$100,769

 

$180,278

 

$337,781

 

$618,828

Acquisition
248,957

 

 

 

$248,957

Goodwill impairment charges

 

 
(247,455
)
 

($247,455
)
Balance at June 24, 2018

$349,726

 

$180,278

 

$90,326

 

$620,330


Components of Intangible Assets
The following table presents the components of intangible assets, net (in thousands):
 
June 24, 2018
 
June 25, 2017
 
Gross
 
Accumulated Amortization
 
Net
 
Gross
 
Accumulated Amortization
 
Net
Intangible assets with finite lives:
 
 
 
 
 
 
 
 
 
 
 
Customer relationships

$233,420

 

($92,770
)
 

$140,650

 

$141,420

 

($84,673
)
 

$56,747

Developed technology
226,728

 
(154,467
)
 
72,261

 
181,728

 
(132,747
)
 
48,981

Non-compete agreements
22,475

 
(11,386
)
 
11,089

 
10,475

 
(10,398
)
 
77

Trade names, finite-lived
520

 
(520
)
 

 
520

 
(520
)
 

Patent and licensing rights
159,297

 
(72,923
)
 
86,374

 
151,985

 
(63,155
)
 
88,830

Total intangible assets with finite lives
642,440

 
(332,066
)
 
310,374

 
486,128

 
(291,493
)
 
194,635

Trade names, indefinite-lived
79,680

 
 
 
79,680

 
79,680

 
 
 
79,680

Total intangible assets

$722,120

 

($332,066
)
 

$390,054

 

$565,808

 

($291,493
)
 

$274,315

 
Schedule of Future Amortization Expense of Finite-lived Intangible Assets
Total future amortization expense of finite-lived intangible assets is estimated to be as follows (in thousands): 
Fiscal Year Ending
 
June 30, 2019

$38,281

June 28, 2020
32,826

June 27, 2021
31,379

June 26, 2022
28,038

June 25, 2023
22,809

Thereafter
157,041

Total future amortization expense

$310,374