Quarterly report pursuant to Section 13 or 15(d)

GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)

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GOODWILL AND PURCHASED INTANGIBLE ASSETS (Tables)
 9 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill Balances The following table presents changes in goodwill carrying value by reporting unit during the nine months ended March 31, 2024:
(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, 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 nine months ended March 31, 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 (19) —  —  —  —  —  —  (19)
Balances as of March 31, 2024
Goodwill 1,004,681  25,908  826,037  —  567,275  70,474  13,575  $ 2,507,950 
Accumulated impairment losses (277,570) —  (144,179) —  —  (70,474) —  (492,223)
$ 727,111  $ 25,908  $ 681,858  $ —  $ 567,275  $ —  $ 13,575  $ 2,015,727 
Schedule of Components of Purchased Intangible Assets
The components of purchased intangible assets as of the dates indicated below were as follows:
(In thousands)   As of March 31, 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  $ 999,639  $ 552,435  $ 1,536,826  $ 841,815  $ 695,011 
Customer relationships
4-9
 358,567  238,925  119,642  358,567  205,037  153,530 
Trade name / Trademark
4-7
 119,083  93,447  25,636  116,583  78,749  37,834 
Order backlog and other
<1-7
 83,336  82,689  647  85,836  82,264  3,572 
Intangible assets subject to amortization
 2,113,060  1,414,700  698,360  2,097,812  1,207,865  889,947 
In-process research and development 46,074  16,833  29,241  61,322  15,966  45,356 
Total $ 2,159,134  $ 1,431,533  $ 727,601  $ 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:
Three Months Ended March 31, Nine Months Ended March 31,
(In thousands) 2024 2023 2024 2023
Amortization expense - Costs of revenues $ 44,849  $ 45,446  $ 137,024  $ 135,958 
Amortization expense - SG&A 12,916  19,656  43,411  59,912 
Amortization expense - Research and development —  31  —  93 
Total $ 57,765  $ 65,133  $ 180,435  $ 195,963 
Schedule of Remaining Estimated Amortization Expense
Based on the purchased intangible assets gross carrying amount recorded as of March 31, 2024, the remaining estimated annual amortization expense is expected to be as follows:
Fiscal year ending June 30: Amortization (In thousands)
2024 (remaining three months) $ 58,837 
2025 218,639 
2026 197,846 
2027 125,517 
2028 48,849 
2029 and thereafter 48,672 
Total $ 698,360