GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
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9 Months Ended |
Mar. 31, 2022 |
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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, 2022(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, 2021 |
$ |
416,860 |
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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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$ |
2,011,172 |
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| Acquired goodwill |
303,324 |
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— |
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— |
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— |
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— |
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303,324 |
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| Foreign currency adjustments |
(25) |
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— |
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— |
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— |
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— |
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(25) |
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| Balance as of March 31, 2022 |
$ |
720,159 |
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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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$ |
2,314,471 |
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_________________
(1)No goodwill was assigned to the Other reporting unit and, accordingly, it was excluded from the table above.
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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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| (In thousands) |
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As of March 31, 2022 |
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As of June 30, 2021 |
| 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 |
|
Net
Amount |
| Existing technology |
4-8 |
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$ |
1,521,291 |
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$ |
623,834 |
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$ |
897,457 |
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$ |
1,382,612 |
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$ |
499,219 |
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$ |
883,393 |
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| Customer relationships |
4-9 |
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365,717 |
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157,608 |
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208,109 |
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305,817 |
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131,386 |
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174,431 |
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| Trade name / Trademark |
4-7 |
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121,083 |
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64,400 |
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56,683 |
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117,383 |
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53,493 |
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63,890 |
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| Order backlog and other |
<1-9 |
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87,836 |
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52,807 |
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35,029 |
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50,403 |
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49,962 |
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441 |
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| Intangible assets subject to amortization |
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2,095,927 |
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898,649 |
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1,197,278 |
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1,856,215 |
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734,060 |
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1,122,155 |
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| In-process research and development |
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64,456 |
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6,062 |
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58,394 |
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63,256 |
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100 |
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63,156 |
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| Total |
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$ |
2,160,383 |
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$ |
904,711 |
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$ |
1,255,672 |
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$ |
1,919,471 |
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$ |
734,160 |
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$ |
1,185,311 |
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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 March 31, |
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Nine Months Ended March 31, |
| (In thousands) |
2022 |
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2021 |
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2022 |
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2021 |
| Amortization expense - Costs of revenues |
$ |
42,586 |
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$ |
40,309 |
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$ |
124,834 |
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$ |
116,087 |
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| Amortization expense - SG&A |
15,102 |
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12,063 |
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39,880 |
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37,793 |
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| Amortization expense - Research and development |
31 |
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32 |
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93 |
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94 |
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| Total |
$ |
57,719 |
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$ |
52,404 |
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$ |
164,807 |
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$ |
153,974 |
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| Schedule of Remaining Estimated Amortization Expense |
Based on the purchased intangible assets gross carrying amount recorded as of March 31, 2022, the remaining estimated annual amortization expense is expected to be as follows:
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| Fiscal year ending June 30: |
Amortization (In thousands) |
| 2022 (remaining three months) |
$ |
65,342 |
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| 2023 |
259,649 |
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| 2024 |
237,210 |
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| 2025 |
220,908 |
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| 2026 |
204,894 |
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| 2027 and thereafter |
209,275 |
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| Total |
$ |
1,197,278 |
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