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Goodwill And Other Intangible Assets | 6 Months Ended
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Dec. 31, 2021
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 December 31, 2021 and June 30, 2021. The following table summarizes our identifiable other intangible assets:
| December 31, 2021 |  | June 30, 2021
Tradenames (20 to 30-year life) |  |  |
Gross carrying value | $ | 62,531 |  |  | $ | 62,531 |
Accumulated amortization | (13,701) |  |  | (12,421) |
Net carrying value | $ | 48,830 |  |  | $ | 50,110 |
Customer Relationships (2 to 15-year life) |  |  |
Gross carrying value | $ | 15,207 |  |  | $ | 17,507 |
Accumulated amortization | (12,215) |  |  | (12,912) |
Net carrying value | $ | 2,992 |  |  | $ | 4,595 |
Technology / Know-how (10-year life) |  |  |
Gross carrying value | $ | 8,020 |  |  | $ | 8,020 |
Accumulated amortization | (4,379) |  |  | (3,973) |
Net carrying value | $ | 3,641 |  |  | $ | 4,047 |
Non-compete Agreements (5-year life) |  |  |
Gross carrying value | $ | 191 |  |  | $ | 191 |
Accumulated amortization | (191) |  |  | (177) |
Net carrying value | $ | — |  |  | $ | 14 |
Total net carrying value | $ | 55,463 |  |  | $ | 58,766 |
In the three months ended December 31, 2021, we recorded an impairment charge of $0.9 million related to Bantam’s Retail customer relationships intangible asset, which reflects lower projected cash flows for Bantam’s Retail business. The impairment charge represents the excess of the carrying value over the fair value of estimated discounted cash flows for the remaining useful life of the intangible asset. The impairment charge is reflected in Restructuring and Impairment Charges and was recorded in our Retail segment. 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 reflected the impact of a SKU rationalization by a Foodservice customer resulting 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 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 December 31, |  | Six Months Ended December 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Amortization expense | $ | 1,260 |  |  | $ | 1,508 |  |  | $ | 2,401 |  |  | $ | 2,849 |
Total annual amortization expense for each of the next five years is estimated to be as follows:
2023 | $ | 4,047 |
2024 | $ | 4,047 |
2025 | $ | 3,787 |
2026 | $ | 3,157 |
2027 | $ | 2,986 |

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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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