v3.26.1
Goodwill and Acquired Intangible Assets
 12 Months Ended
Jun. 27, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Acquired Intangible Assets Goodwill and Acquired Intangible Assets
Goodwill was as follows:
20262025
Beginning balance$872.3 $816.4 
Acquisition activity— 55.9 
Ending balance$872.3 $872.3 
The gross carrying value and related accumulated amortization of acquired intangible assets were as follows:
Weighted Average
Life in Years		20262025
Gross Carrying
Value		Accumulated
Amortization 		Net Carrying
Value		Gross Carrying
Value		Accumulated
Amortization 		Net Carrying
Value
Finite-lived assets:
Audio and video technology5.6$231.9 $(214.8)$17.1 $231.9 $(198.4)$33.5 
Customer relationships4.7187.1 (163.0)24.1 187.1 (150.7)36.4 
Wireless connectivity technology5.4323.2 (200.3)122.9 271.9 (139.6)132.3 
Video interface technology3.4133.0 (110.7)22.3 133.0 (97.9)35.1 
Other2.441.9 (40.5)1.4 52.1 (34.0)18.1 
Total finite-lived assets917.1 (729.3)187.8 876.0 (620.6)255.4 
Indefinite-lived assets: In-process research and developmentNot applicable— — — 6.8 — 6.8 
Total intangible assets$917.1 $(729.3)$187.8 $882.8 $(620.6)$262.2 
Amortization expense is calculated using the straight-line method over the estimated useful lives of the acquired intangibles. The total amortization expense for acquired intangible assets was $119.0 million in fiscal 2026, $114.2 million in fiscal 2025 and $81.6 million in fiscal 2024. This amortization expense was included in the accompanying consolidated statements of operations as acquired intangibles amortization and cost of revenue.
Expected annual aggregate amortization expense in future fiscal years are as follows:
2027$71.5 
202851.8 
202928.7 
203019.1 
203110.6 
Thereafter6.1 
Future amortization$187.8 
IPR&D is accounted for as an indefinite-lived intangible asset and is not amortized until the underlying project reaches technological feasibility and commercial production, at which point the IPR&D is amortized over the estimated useful life. In the event the IPR&D is abandoned, the related assets are written off.
Impairment of intangible assets
During fiscal 2026, we recorded an indefinite-lived intangible asset impairment charge of $6.8 million for IPR&D, which related to Ultra-Wideband (“UWB”) IP technology we acquired from Broadcom in fiscal 2025. The impairment charge represented the carrying value of the UWB IPR&D asset, reducing the asset’s carrying value to zero. The impairment charge was recorded as a result of our decision to cease development and commercialization activities for the UWB IP technology, the absence of alternative uses for the acquired UWB IP technology, and management’s conclusion that no further development or investment is planned for this project. The impairment charge was presented as an operating expense in our consolidated statement of operations.
During fiscal 2025, we recorded an intangible asset impairment charge of $13.8 million related to a license of certain technology we acquired in fiscal 2024. We recorded the impairment charge due to a lack of potential customers, no alternative uses for the acquired technology and no further development or investment planned for this project. The impairment charge was presented as an operating expense in our consolidated statement of operations.
During fiscal 2024, we recorded an indefinite-lived intangible asset impairment charge of $16.0 million of IPR&D from our December 2021 acquisition of DSP Group, Inc. (“DSPG”). We recorded the impairment charge as a result of a lack of commitment from certain key customers, no anticipated customer migration to the IPR&D technologies acquired from DSPG and no further development or investment planned for this project. The impairment charge was presented as an operating expense in our consolidated statement of operations.