XML 70 R17.htm IDEA: XBRL DOCUMENT
v3.19.2

Goodwill and Other Intangible Assets, Net | 12 Months Ended
--- | ---
Jun. 30, 2019
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, 2019 and 2018. The changes in the carrying amount of goodwill by reportable segment for fiscal years 2019 and 2018 were as follows:
($ in millions) |  | June 30, 2017 |  | Acquisition |  | June 30, 2018 |  | Acquisition |  | June 30, 2019
Goodwill |  | $ | 310.6 |  |  | $ | 5.3 |  |  | $ | 315.9 |  |  | $ | 57.7 |  |  | $ | 373.6 |
Accumulated impairment losses |  | (47.2 | ) |  | — |  |  | (47.2 | ) |  | — |  |  | (47.2 | )
Total goodwill |  | $ | 263.4 |  |  | $ | 5.3 |  |  | $ | 268.7 |  |  | $ | 57.7 |  |  | $ | 326.4 |
Specialty Alloys Operations |  | $ | 195.5 |  |  | $ | — |  |  | $ | 195.5 |  |  | $ | — |  |  | $ | 195.5 |
Performance Engineered Products |  | 67.9 |  |  | 5.3 |  |  | 73.2 |  |  | 57.7 |  |  | 130.9 |
Total goodwill |  | $ | 263.4 |  |  | $ | 5.3 |  |  | $ | 268.7 |  |  | $ | 57.7 |  |  | $ | 326.4 |
Other Intangible Assets, Net
|  |  |  | June 30, 2019 |  | June 30, 2018
($ 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 |  |  | $ | (24.3 | ) |  | $ | 9.2 |  |  | $ | 33.5 |  |  | $ | (23.2 | ) |  | $ | 10.3 |
Customer relationships |  | 10 - 15 |  | 76.9 |  |  | (36.0 | ) |  | 40.9 |  |  | 76.9 |  |  | (30.8 | ) |  | 46.1 |
Non-compete agreements |  | 5 |  | 0.2 |  |  | (0.1 | ) |  | 0.1 |  |  | 0.2 |  |  | (0.1 | ) |  | 0.1 |
Technology |  | 15 |  | 7.3 |  |  | (1.0 | ) |  | 6.3 |  |  | 7.3 |  |  | (0.5 | ) |  | 6.8 |
Patents |  | 14 - 20 |  | 11.4 |  |  | (0.7 | ) |  | 10.7 |  |  | — |  |  | — |  |  | — |
Total |  |  |  | $ | 129.3 |  |  | $ | (62.1 | ) |  | $ | 67.2 |  |  | $ | 117.9 |  |  | $ | (54.6 | ) |  | $ | 63.3 |
The Company recorded $7.3 million of amortization expense related to intangible assets during fiscal year 2019, $6.8 million during fiscal year 2018 and $6.8 million during fiscal year 2017. The estimated annual amortization expense related to intangible assets for each of the succeeding five fiscal years is $7.6 million in fiscal years 2020, 2021, 2022, 2023 and 2024.

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 -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration