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Goodwill And Other Intangible Assets | 3 Months Ended
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Sep. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Other Intangible Assets | Goodwill and Other Intangible AssetsGoodwill attributable to the Retail and Foodservice segments was $157.4 million and $51.0 million, respectively, at September 30, 2020 and June 30, 2020. The following table summarizes our identifiable other intangible assets:
| September 30, 2020 |  | June 30, 2020
Tradenames (20 to 30-year life) |  |  |
Gross carrying value | $ | 62,531 |  |  | $ | 63,121 |
Accumulated amortization | (10,501) |  |  | (9,925) |
Net carrying value | $ | 52,030 |  |  | $ | 53,196 |
Customer Relationships (2 to 15-year life) |  |  |
Gross carrying value | $ | 17,507 |  |  | $ | 17,507 |
Accumulated amortization | (11,555) |  |  | (11,094) |
Net carrying value | $ | 5,952 |  |  | $ | 6,413 |
Technology / Know-how (10-year life) |  |  |
Gross carrying value | $ | 8,020 |  |  | $ | 8,950 |
Accumulated amortization | (3,365) |  |  | (3,396) |
Net carrying value | $ | 4,655 |  |  | $ | 5,554 |
Non-compete Agreements (5-year life) |  |  |
Gross carrying value | $ | 191 |  |  | $ | 791 |
Accumulated amortization | (148) |  |  | (738) |
Net carrying value | $ | 43 |  |  | $ | 53 |
Total net carrying value | $ | 62,680 |  |  | $ | 65,216 |
In the three months ended September 30, 2020, we recorded impairment charges of $1.2 million related to certain tradename and technology / know-how intangible assets for Bantam, which reflect the impact of a SKU rationalization by a Foodservice customer that will result in the loss of sales to that customer after November 30, 2020. The impairment charges represent the excess of the carrying value over the fair value of estimated discounted cash flows for the remaining useful lives of the intangible assets. The impairment charges are reflected in Restructuring and Impairment Charges in the Condensed Consolidated Statements of Income and were recorded in our Foodservice segment. We also reduced the remaining useful life for Bantam’s Foodservice customer relationship and have recorded accelerated amortization expense. Amortization expense for our other intangible assets, which is reflected in Selling, General and Administrative Expenses, was as follows:
|  |  | Three Months Ended September 30,
|  |  |  |  | 2020 |  | 2019
Amortization expense |  |  |  |  | $ | 1,341 |  |  | $ | 1,274 |
Total annual amortization expense for each of the next five years is estimated to be as follows:
2022 | $ | 4,739 |
2023 | $ | 4,180 |
2024 | $ | 4,180 |
2025 | $ | 3,920 |
2026 | $ | 3,272 |

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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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