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Goodwill and Other Intangible Assets, net | 9 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net Goodwill As of July 1, 2020, the Company had four reporting units with goodwill recorded. Goodwill associated with the SAO reporting unit is tested at the SAO segment level and represented approximately 67 percent of total goodwill prior to the impairment charge recognized in the quarter ended December 31, 2020. All other goodwill is associated with the PEP segment, which included three reporting units with goodwill recorded. The fair value is estimated using a weighting of discounted cash flows and the use of market multiples valuation techniques for the SAO reporting unit and two of the PEP segment reporting units. The fair value for the Additive reporting unit is estimated using a discounted cash flow technique. 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. In preparing the financial statements for the quarter ended December 31, 2020, the Company identified an impairment triggering event related to the Additive reporting unit within the PEP segment. This reporting unit has experienced slower than expected growth due to customers shifting their near-term focus away from this emerging area as a result of the continuing impacts of the COVID-19 pandemic. During the quarter ended December 31, 2020 the Company also made strategic decisions to reduce resources allocated to the Additive reporting unit to concentrate on the essential manufacturing business. In light of these decisions and current market conditions, the pace of growth in the future projections for the Company's Additive reporting unit were lowered. The Company determined the goodwill associated with the Additive reporting unit was impaired and recorded an impairment charge of $52.8 million during the quarter ended December 31, 2020, which represented the entire balance of goodwill. This reporting unit is within the PEP segment. The Company continuously monitors for events and circumstances that could negatively impact the key assumptions in determining fair value of the reporting units. Given the evolving nature of and uncertainty driven by the COVID-19 pandemic, the Company will continue to evaluate the impact on the reporting units as adverse changes to these assumptions could result in future impairments. After the impairment loss recognized during the quarter ended December 31, 2020, the Company has three reporting units with goodwill recorded. Goodwill associated with the SAO reporting unit represents approximately 81 percent of total goodwill as of March 31, 2021. The remaining goodwill is associated with the PEP segment, which includes two reporting units with goodwill recorded. Accumulated goodwill impairment losses of $134.6 million are related solely to the PEP segment. The changes in the carrying amount of goodwill by reportable segment for the nine months ended March 31, 2021 were as follows:
($ in millions) |  | June 30, 2020 |  | Impairment |  | Other |  | March 31, 2021
Goodwill |  | $ | 372.2 |  |  | $ | — |  |  | $ | 3.8 |  |  | $ | 376.0 |
Accumulated impairment losses |  | (81.8) |  |  | (52.8) |  |  | — |  |  | (134.6) |
Total goodwill |  | $ | 290.4 |  |  | $ | (52.8) |  |  | $ | 3.8 |  |  | $ | 241.4 |
Specialty Alloy Operations |  | $ | 195.5 |  |  | $ | — |  |  | $ | — |  |  | $ | 195.5 |
Performance Engineered Products |  | 94.9 |  |  | (52.8) |  |  | 3.8 |  |  | 45.9 |
Total goodwill |  | $ | 290.4 |  |  | $ | (52.8) |  |  | $ | 3.8 |  |  | $ | 241.4 |
Other Intangible Assets, Net The changes in the carrying amount of other intangible assets, net for the nine months ended March 31, 2021 were as follows:
|  |  |  | June 30, 2020 |  | March 31, 2021
($ in millions) |  | Useful Life (in Years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Accumulated Impairment |  | Net Carrying Amount
Trademarks and trade names |  | 15 - 30 |  | $ | 33.5 |  |  | $ | (25.4) |  |  | $ | (1.5) |  |  | $ | 6.6 |  |  | $ | 33.5 |  |  | $ | (25.2) |  |  | $ | (1.5) |  |  | $ | 6.8 |
Customer relationships |  | 10 - 15 |  | 76.9 |  |  | (41.2) |  |  | (1.2) |  |  | 34.5 |  |  | 76.9 |  |  | (44.8) |  |  | (4.2) |  |  | 27.9 |
Non-compete agreements |  | 5 |  | 0.2 |  |  | (0.1) |  |  | (0.1) |  |  | — |  |  | 0.2 |  |  | (0.1) |  |  | (0.1) |  |  | — |
Technology |  | 15 |  | 7.3 |  |  | (1.5) |  |  | (4.5) |  |  | 1.3 |  |  | 7.3 |  |  | (1.5) |  |  | (5.8) |  |  | — |
Patents |  | 14 - 20 |  | 11.4 |  |  | (1.7) |  |  | — |  |  | 9.7 |  |  | 11.4 |  |  | (1.2) |  |  | — |  |  | 10.2 |
Total |  |  |  | $ | 129.3 |  |  | $ | (69.9) |  |  | $ | (7.3) |  |  | $ | 52.1 |  |  | $ | 129.3 |  |  | $ | (72.8) |  |  | $ | (11.6) |  |  | $ | 44.9 |
During the three and nine months ended March 31, 2021, the Company impaired $0.0 million and $4.3 million, respectively, of technology and customer relationships within the Additive reporting unit. The impairment was the result of a restructuring plan to consolidate certain operations within the Additive business in the PEP segment during the quarter ended September 30, 2020.

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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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