Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)

v3.23.3
GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
 3 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances The following table presents changes in goodwill carrying value during the three months ended September 30, 2023:
(In thousands) Wafer Inspection and Patterning
Global Service and Support (“GSS”)
Specialty Semiconductor Process Printed Circuit Board (“PCB”) and Display Component Inspection Total
Balance as of June 30, 2023 $ 727,130  $ 25,908  $ 681,858  $ 830,349  $ 13,575  $ 2,278,820 
Foreign currency adjustments (15) —  —  —  —  (15)
Balance as of September 30, 2023 $ 727,115  $ 25,908  $ 681,858  $ 830,349  $ 13,575  $ 2,278,805 
Schedule of Components of Purchased Intangible Assets
The components of purchased intangible assets as of the dates indicated below were as follows:
(In thousands)   As of September 30, 2023 As of June 30, 2023
Category
Range of
Useful 
Lives
(in years)
 Gross
Carrying
Amount		 Accumulated
Amortization
and
Impairment		 Net
Amount		 Gross
Carrying
Amount		 Accumulated
Amortization
and
Impairment		 Net
Amount
Existing technology
4-8
 $ 1,552,074  $ 887,902  $ 664,172  $ 1,536,826  $ 841,815  $ 695,011 
Customer relationships
4-9
 358,567  214,609  143,958  358,567  205,037  153,530 
Trade name / Trademark
4-7
 119,083  86,068  33,015  116,583  78,749  37,834 
Order backlog and other
<1-7
 83,336  82,590  746  85,836  82,264  3,572 
Intangible assets subject to amortization
 2,113,060  1,271,169  841,891  2,097,812  1,207,865  889,947 
In-process research and development 46,074  15,966  30,108  61,322  15,966  45,356 
Total $ 2,159,134  $ 1,287,135  $ 871,999  $ 2,159,134  $ 1,223,831  $ 935,303 
Schedule of Amortization Expense for Purchased Intangible Assets
Amortization expense for purchased intangible assets for the periods indicated below was as follows:
Three Months Ended September 30,
(In thousands) 2023 2022
Amortization expense - Costs of revenues $ 46,088  $ 45,066 
Amortization expense - SG&A 17,216  20,128 
Amortization expense - Research and development —  31 
Total $ 63,304  $ 65,225 
Schedule of Remaining Estimated Amortization Expense
Based on the purchased intangible assets gross carrying amount recorded as of September 30, 2023, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal year ending June 30: Amortization (In thousands)
2024 (remaining nine months) $ 177,836 
2025 224,688 
2026 208,775 
2027 132,194 
2028 49,727 
2029 and thereafter 48,671 
Total $ 841,891