GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
|
6 Months Ended |
Dec. 31, 2020 |
|---|
| Goodwill and Intangible Assets Disclosure [Abstract] |
|
| Schedule of Goodwill Balances |
The following table presents changes in goodwill carrying value during the six months ended December 31, 2020(1):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| (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, 2020 |
$ |
416,840 |
|
|
$ |
25,908 |
|
|
$ |
681,858 |
|
|
$ |
907,221 |
|
|
$ |
13,575 |
|
|
$ |
2,045,402 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Foreign currency adjustments |
43 |
|
|
— |
|
|
— |
|
|
— |
|
|
— |
|
|
43 |
|
| Balance as of December 31, 2020 |
$ |
416,883 |
|
|
$ |
25,908 |
|
|
$ |
681,858 |
|
|
$ |
907,221 |
|
|
$ |
13,575 |
|
|
$ |
2,045,445 |
|
_________________ (1)No goodwill was assigned to the Other reporting unit, and accordingly it was excluded from the table above.
|
| Schedule of Components of Purchased Intangible Assets |
The components of purchased intangible assets as of the dates indicated below were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
|
|
|
|
As of |
|
|
| (In thousands) |
|
|
December 31, 2020 |
|
June 30, 2020 |
| 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 |
|
$ |
1,373,458 |
|
|
$ |
418,402 |
|
|
$ |
955,056 |
|
|
$ |
1,269,883 |
|
|
$ |
342,623 |
|
|
$ |
927,260 |
|
| Customer relationships |
4-9 |
|
305,817 |
|
|
115,070 |
|
|
190,747 |
|
|
305,817 |
|
|
98,754 |
|
|
207,063 |
|
| Trade name / Trademark |
4-7 |
|
117,383 |
|
|
46,355 |
|
|
71,028 |
|
|
117,383 |
|
|
39,216 |
|
|
78,167 |
|
| Backlog and other |
<1-9 |
|
50,404 |
|
|
49,551 |
|
|
853 |
|
|
50,404 |
|
|
47,215 |
|
|
3,189 |
|
| Intangible assets subject to amortization |
|
|
1,847,062 |
|
|
629,378 |
|
|
1,217,684 |
|
|
1,743,487 |
|
|
527,808 |
|
|
1,215,679 |
|
| In-process research and development |
|
|
72,259 |
|
|
100 |
|
|
72,159 |
|
|
175,834 |
|
|
100 |
|
|
175,734 |
|
| Total |
|
|
$ |
1,919,321 |
|
|
$ |
629,478 |
|
|
$ |
1,289,843 |
|
|
$ |
1,919,321 |
|
|
$ |
527,908 |
|
|
$ |
1,391,413 |
|
|
| 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 |
|
Six Months Ended |
|
December 31, |
|
December 31, |
| (In thousands) |
2020 |
|
2019 |
|
2020 |
|
2019 |
| Amortization expense - Cost of revenues |
$ |
38,738 |
|
|
$ |
36,364 |
|
|
$ |
75,778 |
|
|
$ |
71,985 |
|
| Amortization expense - Selling, general and administrative |
12,301 |
|
|
20,257 |
|
|
25,730 |
|
|
42,513 |
|
| Amortization expense - Research and development |
31 |
|
|
131 |
|
|
62 |
|
|
162 |
|
| Total |
$ |
51,070 |
|
|
$ |
56,752 |
|
|
$ |
101,570 |
|
|
$ |
114,660 |
|
|
| Schedule of Remaining Estimated Amortization Expense |
Based on the purchased intangible assets gross carrying amount recorded as of December 31, 2020, the remaining estimated annual amortization expense is expected to be as follows:
|
|
|
|
|
|
| Fiscal year ending June 30: |
Amortization (In thousands) |
| 2021 (remaining six months) |
$ |
104,418 |
|
| 2022 |
208,186 |
|
| 2023 |
207,094 |
|
| 2024 |
204,577 |
|
| 2025 |
192,368 |
|
| 2026 and thereafter |
301,041 |
|
| Total |
$ |
1,217,684 |
|
|