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Goodwill and Other Intangible Assets, Net | 12 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, Net | Goodwill and Other Intangible Assets, Net Goodwill The Company conducts goodwill impairment testing at least annually as of June 30, or more often if events, changes or circumstances indicate that the carrying amount may not be recoverable. The Company has determined there was no goodwill impairment for the years ended June 30, 2018 and 2017. As a result of prolonged weakness in oil and gas drilling and exploration activity, the Company determined that the goodwill associated with 2 reporting units was impaired and recorded an impairment charge of $12.5 million during the year ended June 30, 2016 which represented the entire balance of the goodwill recorded for these reporting units. The changes in the carrying amount of goodwill by reportable segment for fiscal years 2018 and 2017 were as follows:
($ in millions) |  | June 30, 2016 |  | Acquisition |  | June 30, 2017 |  | Acquisition |  | June 30, 2018
Goodwill |  | $ | 292.0 |  |  | $ | 18.6 |  |  | $ | 310.6 |  |  | $ | 5.3 |  |  | $ | 315.9 |
Accumulated impairment losses |  | (47.2 | ) |  | — |  |  | (47.2 | ) |  | — |  |  | (47.2 | )
Total goodwill |  | $ | 244.8 |  |  | $ | 18.6 |  |  | $ | 263.4 |  |  | $ | 5.3 |  |  | $ | 268.7 |
Specialty Alloys Operations |  | $ | 195.5 |  |  | $ | — |  |  | $ | 195.5 |  |  | $ | — |  |  | $ | 195.5 |
Performance Engineered Products |  | 49.3 |  |  | 18.6 |  |  | 67.9 |  |  | 5.3 |  |  | 73.2 |
Total goodwill |  | $ | 244.8 |  |  | $ | 18.6 |  |  | $ | 263.4 |  |  | $ | 5.3 |  |  | $ | 268.7 |
Other Intangible Assets, Net
|  |  |  | June 30, 2018 |  | June 30, 2017
($ in millions) |  | Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Trademarks and trade names |  | 15 - 30 |  | $ | 33.5 |  |  | $ | (23.2 | ) |  | $ | 10.3 |  |  | $ | 33.5 |  |  | $ | (21.9 | ) |  | $ | 11.6 |
Customer relationships |  | 10 - 15 |  | 76.9 |  |  | (30.8 | ) |  | 46.1 |  |  | 73.3 |  |  | (25.8 | ) |  | 47.5 |
Non-compete agreements |  | 5 |  | 0.2 |  |  | (0.1 | ) |  | 0.1 |  |  | 0.2 |  |  | — |  |  | 0.2 |
Technology |  | 15 |  | 7.3 |  |  | (0.5 | ) |  | 6.8 |  |  | 5.7 |  |  | (0.1 | ) |  | 5.6 |
Total |  |  |  | $ | 117.9 |  |  | $ | (54.6 | ) |  | $ | 63.3 |  |  | $ | 112.7 |  |  | $ | (47.8 | ) |  | $ | 64.9 |
As a result of the prolonged weakness in oil and gas drilling and exploration activities and the impact this weakness had on certain reporting units in the PEP segment, the Company recorded an impairment charge of $1.1 million related to definite lived intangible assets during fiscal year 2016. The Company recorded $6.8 million of amortization expense related to intangible assets during fiscal year 2018, $6.8 million during fiscal year 2017 and $7.3 million during fiscal year 2016. The estimated annual amortization expense related to intangible assets for each of the succeeding five fiscal years is $6.9 million in fiscal years 2019, 2020, 2021, 2022 and 2023.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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