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Goodwill And Other Intangible Assets | 12 Months Ended
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Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill attributable to the Specialty Foods segment was $143.8 million and $89.8 million at June 30, 2015 and 2014, respectively. The increase in goodwill is the result of the acquisition of Flatout on March 13, 2015. See further discussion in Note 2. The following table is a rollforward of goodwill from June 30, 2014 to June 30, 2015:
| Carrying Value
Goodwill at beginning of year | $ | 89,840 |
Goodwill acquired during the year | 53,948 |
Goodwill at end of year | $ | 143,788 |
The following table summarizes our identifiable other intangible assets, all included in the Specialty Foods segment, at June 30. The increase in the intangible assets is the result of the acquisition of Flatout on March 13, 2015; such amounts are preliminary and subject to further review over the measurement period. See further discussion in Note 2.
| 2015 |  | 2014
Tradename (30-year life) |  |  |
Gross carrying value | $ | 34,500 |  |  | $ | — |
Accumulated amortization | (365 | ) |  | — |
Net carrying value | $ | 34,135 |  |  | $ | — |
Trademarks (40-year life) |  |  |
Gross carrying value | $ | 370 |  |  | $ | 370 |
Accumulated amortization | (223 | ) |  | (214 | )
Net carrying value | $ | 147 |  |  | $ | 156 |
Customer Relationships (10 to 15-year life) |  |  |
Gross carrying value | $ | 18,020 |  |  | $ | 13,020 |
Accumulated amortization | (8,882 | ) |  | (7,800 | )
Net carrying value | $ | 9,138 |  |  | $ | 5,220 |
Technology / Know-how (10-year life) |  |  |
Gross carrying value | $ | 3,900 |  |  | $ | — |
Accumulated amortization | (114 | ) |  | — |
Net carrying value | $ | 3,786 |  |  | $ | — |
Non-compete Agreements (5-year life) |  |  |
Gross carrying value | $ | 600 |  |  | $ | — |
Accumulated amortization | (35 | ) |  | — |
Net carrying value | $ | 565 |  |  | $ | — |
Total net carrying value | $ | 47,771 |  |  | $ | 5,376 |
Amortization expense for our other intangible assets, which is reflected in Selling, General and Administrative Expenses, was as follows in each of the years ended June 30:
| 2015 |  | 2014 |  | 2013
Amortization expense | $ | 1,605 |  |  | $ | 946 |  |  | $ | 945 |
Total annual amortization expense for each of the next five years is estimated to be as follows:
2016 | $ | 2,905 |
2017 | $ | 2,764 |
2018 | $ | 2,764 |
2019 | $ | 2,764 |
2020 | $ | 2,729 |

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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16373-109275 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16265-109275 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=26713463&loc=d3e16323-109275 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13854-109267 + Details
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