| Goodwill Balances |
The following table presents goodwill carrying value and the movements during the three months ended September 30, 2019(1):
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
|
Wafer Inspection and Patterning |
|
Global Service and Support (“GSS”)
|
|
Specialty Semiconductor Process |
|
PCB and Display |
|
Component Inspection |
|
Total |
Balance as of June 30, 2019 |
|
$ |
360,615 |
|
|
$ |
25,908 |
|
|
$ |
821,842 |
|
|
$ |
989,918 |
|
|
$ |
13,575 |
|
|
$ |
2,211,858 |
|
Acquired goodwill |
|
54,001 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
54,001 |
|
Foreign currency and other adjustments |
|
(35 |
) |
|
— |
|
|
— |
|
|
(2,135 |
) |
|
— |
|
|
(2,170 |
) |
Balance as of September 30, 2019 |
|
$ |
414,581 |
|
|
$ |
25,908 |
|
|
$ |
821,842 |
|
|
$ |
987,783 |
|
|
$ |
13,575 |
|
|
$ |
2,263,689 |
|
_________________
(1)
No goodwill was assigned to the Other reporting unit, and accordingly was excluded in the table above.
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| Components of Purchased Intangible Assets |
The components of purchased intangible assets as of the dates indicated below were as follows:
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|
|
|
(In thousands) |
|
|
As of
September 30, 2019 |
|
As of
June 30, 2019 |
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 |
|
$ |
1,251,277 |
|
|
$ |
232,203 |
|
|
$ |
1,019,074 |
|
|
$ |
1,224,629 |
|
|
$ |
196,582 |
|
|
$ |
1,028,047 |
|
Trade name / Trademark |
4-7 |
|
117,133 |
|
|
28,537 |
|
|
88,596 |
|
|
114,573 |
|
|
25,052 |
|
|
89,521 |
|
Customer relationships |
4-9 |
|
305,028 |
|
|
74,511 |
|
|
230,517 |
|
|
297,250 |
|
|
66,471 |
|
|
230,779 |
|
Backlog and other |
<1-9 |
|
50,393 |
|
|
30,014 |
|
|
20,379 |
|
|
43,969 |
|
|
19,146 |
|
|
24,823 |
|
Intangible assets subject to amortization |
|
|
1,723,831 |
|
|
365,265 |
|
|
1,358,566 |
|
|
1,680,421 |
|
|
307,251 |
|
|
1,373,170 |
|
In-process research and development |
|
|
190,635 |
|
|
— |
|
|
190,635 |
|
|
187,500 |
|
|
— |
|
|
187,500 |
|
Total |
|
|
$ |
1,914,466 |
|
|
$ |
365,265 |
|
|
$ |
1,549,201 |
|
|
$ |
1,867,921 |
|
|
$ |
307,251 |
|
|
$ |
1,560,670 |
|
|
| Remaining Estimated Amortization Expense |
Based on the purchased intangible assets gross carrying amount recorded as of September 30, 2019, the underlying assets, the remaining estimated annual amortization expense is expected to be as follows:
|
|
|
|
|
Fiscal year ending June 30: |
Amortization
(In thousands)
|
2020 (remaining 9 months) |
$ |
161,422 |
|
2021 |
194,901 |
|
2022 |
192,323 |
|
2023 |
191,271 |
|
2024 |
188,714 |
|
2025 and thereafter |
429,935 |
|
Total |
$ |
1,358,566 |
|
|