XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.23.3

Goodwill and Other Intangible Assets | 3 Months Ended
--- | ---
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Changes in the carrying amount of goodwill were as follows ($000):
| Three Months Ended September 30, 2023
| Networking |  | Materials |  | Lasers |  | Total
Balance-beginning of period | $ | 1,036,204 |  |  | $ | 247,695 |  |  | $ | 3,228,801 |  |  | $ | 4,512,700 |
Foreign currency translation | (553) |  |  | (646) |  |  | (51,357) |  |  | (52,556) |
Balance-end of period | $ | 1,035,651 |  |  | $ | 247,049 |  |  | $ | 3,177,444 |  |  | $ | 4,460,144 |
We test goodwill for impairment annually during the fourth quarter, or more frequently when events or changes in circumstances indicate that fair value is below carrying value. As part of our annual assessment in the fourth quarter of fiscal 2023, we determined that the estimated fair value of our Lasers reporting unit exceeded its carrying value by approximately 10%. As of September 30, 2023, the carrying amount of goodwill within this reporting unit was $3.2 billion. The reporting unit’s estimated fair value is sensitive to changes in the significant assumptions used in the analysis including forecasted revenues and related gross margins. If the reporting unit does not perform to expected levels and realize the expected benefit from the multi-year synergy and site consolidation plans, or there are adverse changes in certain macroeconomic factors, the related goodwill may be at risk for impairment in the future. The gross carrying amount and accumulated amortization of our intangible assets other than goodwill were as follows ($000):
| September 30, 2023 |  | June 30, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Technology | $ | 1,644,917 |  |  | $ | (300,638) |  |  | $ | 1,344,279 |  |  | $ | 1,661,263 |  |  | $ | (270,786) |  |  | $ | 1,390,477 |
Trade Names | 438,471 |  |  | (8,471) |  |  | 430,000 |  |  | 438,470 |  |  | (8,279) |  |  | 430,191 |
Customer Lists | 2,298,091 |  |  | (376,792) |  |  | 1,921,299 |  |  | 2,333,360 |  |  | (339,344) |  |  | 1,994,016 |
Total | $ | 4,381,479 |  |  | $ | (685,901) |  |  | $ | 3,695,578 |  |  | $ | 4,433,093 |  |  | $ | (618,409) |  |  | $ | 3,814,684 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration