GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Mar. 31, 2021 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Goodwill Balances |
The following table presents changes in goodwill carrying value during the nine months ended March 31, 2021(1):
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| (In thousands) |
Wafer Inspection and Patterning |
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Global Service and Support (“GSS”)
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Specialty Semiconductor Process |
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PCB and Display |
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Component Inspection |
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Total |
| Balance as of June 30, 2020 |
$ |
416,840 |
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$ |
25,908 |
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$ |
681,858 |
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$ |
907,221 |
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$ |
13,575 |
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$ |
2,045,402 |
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Goodwill disposal from sale of business (2)
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— |
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— |
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— |
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(34,250) |
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— |
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(34,250) |
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| Foreign currency adjustments |
35 |
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— |
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— |
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— |
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— |
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35 |
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| Balance as of March 31, 2021 |
$ |
416,875 |
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$ |
25,908 |
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$ |
681,858 |
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$ |
872,971 |
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$ |
13,575 |
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$ |
2,011,187 |
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_________________
(1)No goodwill was assigned to the Other reporting unit and, accordingly, it was excluded from the table above.
(2)Refer to the Non-controlling Interest section of Note 10 “Equity, Long-term Incentive Compensation Plans and Non-Controlling Interest” for more information on the sale of PixCell Medical Technologies, Ltd. ("PixCell").
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| Schedule of Components of Purchased Intangible Assets |
The components of purchased intangible assets as of the dates indicated below were as follows:
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As of |
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As of |
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| (In thousands) |
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March 31, 2021 |
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June 30, 2020 |
| Category |
Range of
Useful
Lives
(in years)
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Gross
Carrying
Amount |
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Accumulated
Amortization
and
Impairment |
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Net
Amount |
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Gross
Carrying
Amount |
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Accumulated
Amortization
and
Impairment |
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Net
Amount |
| Existing technology |
4-8 |
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$ |
1,379,783 |
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$ |
458,711 |
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$ |
921,072 |
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$ |
1,269,883 |
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$ |
342,623 |
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$ |
927,260 |
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| Customer relationships |
4-9 |
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305,817 |
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123,228 |
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182,589 |
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305,817 |
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98,754 |
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207,063 |
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| Trade name / Trademark |
4-7 |
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117,383 |
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49,924 |
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67,459 |
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117,383 |
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39,216 |
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78,167 |
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| Backlog and other |
<1-9 |
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50,404 |
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49,919 |
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485 |
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50,404 |
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47,215 |
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3,189 |
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| Intangible assets subject to amortization |
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1,853,387 |
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681,782 |
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1,171,605 |
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1,743,487 |
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527,808 |
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1,215,679 |
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| In-process research and development |
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66,084 |
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100 |
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65,984 |
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175,834 |
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100 |
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175,734 |
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| Total |
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$ |
1,919,471 |
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$ |
681,882 |
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$ |
1,237,589 |
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$ |
1,919,321 |
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$ |
527,908 |
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$ |
1,391,413 |
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| Schedule of Amortization Expense for Purchased Intangible Assets |
Amortization expense for purchased intangible assets for the periods indicated below was as follows:
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Three Months Ended |
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Nine Months Ended |
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March 31, |
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March 31, |
| (In thousands) |
2021 |
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2020 |
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2021 |
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2020 |
| Amortization expense - Cost of revenues |
$ |
40,309 |
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$ |
36,850 |
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$ |
116,087 |
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$ |
108,835 |
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| Amortization expense - Selling, general and administrative |
12,063 |
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17,724 |
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37,793 |
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60,237 |
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| Amortization expense - Research and development |
32 |
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31 |
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94 |
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193 |
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| Total |
$ |
52,404 |
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$ |
54,605 |
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$ |
153,974 |
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$ |
169,265 |
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| Schedule of Remaining Estimated Amortization Expense |
Based on the purchased intangible assets gross carrying amount recorded as of March 31, 2021, the remaining estimated annual amortization expense is expected to be as follows:
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| Fiscal year ending June 30: |
Amortization (In thousands) |
| 2021 (remaining three months) |
$ |
52,249 |
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| 2022 |
208,995 |
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| 2023 |
207,904 |
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| 2024 |
205,386 |
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| 2025 |
193,168 |
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| 2026 and thereafter |
303,903 |
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| Total |
$ |
1,171,605 |
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