Annual report pursuant to Section 13 and 15(d)

GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)

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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
 12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Rollforward
The following table presents the carrying value of goodwill and the movements by reporting unit during the fiscal years ended June 30, 2024 and 2023:
(In thousands) Wafer Inspection and Patterning
Global Service and Support (“GSS”)
Specialty Semiconductor Process PCB and Display PCB Display Component Inspection Total
Balances as of June 30, 2022
Goodwill $ 1,003,307  $ 25,908  $ 826,037  $ 985,441  $ —  $ —  $ 13,575  $ 2,854,268 
Accumulated impairment losses (277,570) —  (144,179) (112,470) —  —  —  (534,219)
725,737  25,908  681,858  872,971  —  —  13,575  $ 2,320,049 
Activity for the year ended June 30, 2023
Acquired goodwill 6,776  —  —  —  —  —  —  6,776 
Goodwill disposal from sale of business(1)
—  —  —  (42,622) —  —  —  (42,622)
Goodwill adjustments (5,337) —  —  —  —  —  —  (5,337)
Foreign currency adjustment (46) —  —  —  —  —  —  (46)
Balances as of June 30, 2023
Goodwill 1,004,700  25,908  826,037  942,819  —  —  13,575  2,813,039 
Accumulated impairment losses (277,570) —  (144,179) (112,470) —  —  —  (534,219)
727,130  25,908  681,858  830,349  —  —  13,575  2,278,820 
Activity for the year ended June 30, 2024
Goodwill impairment —  —  —  (192,600) —  (70,474) (263,074)
Reallocation due to change in reporting units —  —  —  (637,749) 567,275  70,474  — 
Foreign currency adjustments (20) —  —  —  —  —  —  (20)
Balances as of June 30, 2024
Goodwill 1,004,680  25,908  826,037  —  567,275  70,474  13,575  2,507,949 
Accumulated impairment losses (277,570) —  (144,179) —  —  (70,474) —  (492,223)
$ 727,110  $ 25,908  $ 681,858  $ —  $ 567,275  $ —  $ 13,575  $ 2,015,726 
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(1)Refer to the Business Dispositions section of Note 6 “Business Combinations and Dispositions” for more information on the sale of Orbograph.
Schedule of Purchased Intangible Assets
The components of purchased intangible assets as of the dates indicated below were as follows:
(In thousands) As of June 30, 2024 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  $ 1,045,585  $ 506,489  $ 1,536,826  $ 841,815  $ 695,011 
Customer relationships
4-9
 358,567  248,106  110,461  358,567  205,037  153,530 
Trade name/trademark
4-7
 119,083  97,106  21,977  116,583  78,749  37,834 
Order backlog and other
<1-7
 83,336  82,740  596  85,836  82,264  3,572 
Intangible assets subject to amortization
 2,113,060  1,473,537  639,523  2,097,812  1,207,865  889,947 
IPR&D 46,074  16,833  29,241  61,322  15,966  45,356 
Total $ 2,159,134  $ 1,490,370  $ 668,764  $ 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:
Year Ended June 30,
(In thousands) 2024 2023 2022
Amortization expense - Cost of revenues $ 182,970  $ 181,405  $ 168,957 
Amortization expense - SG&A 56,302  79,089  60,017 
Amortization expense - R&D —  125  124 
Total $ 239,272  $ 260,619  $ 229,098 
Schedule of Remaining Estimated Amortization Expense
Based on the purchased intangible assets’ gross carrying value recorded as of June 30, 2024, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal Year Ending June 30: Amortization
(In thousands)
2025 $ 218,639 
2026 197,846 
2027 125,517 
2028 48,849 
2029 34,530 
Thereafter 14,142 
Total $ 639,523