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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets  
Schedule of carrying amount of goodwill

 

The changes in the carrying value of goodwill for the three month period ended September 30, 2015 are as follows (in thousands):

 

 

 

 

 

 

 

Optoelectronics

 

 

 

 

 

 

 

 

 

and

 

 

 

 

 

Security

 

Healthcare

 

Manufacturing

 

 

 

 

 

Division

 

Division

 

Division

 

Consolidated

 

Balance as of June 30, 2015

 

$

29,730

 

$

43,182

 

$

25,255

 

$

98,167

 

Foreign currency translation adjustment

 

9

 

(111

)

(250

)

(352

)

 

 

 

 

 

 

 

 

 

 

Balance as of September 30, 2015

 

$

29,739

 

$

43,071

 

$

25,005

 

$

97,815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets

 

Intangible assets consisted of the following (in thousands):

 

 

 

 

 

June 30, 2015

 

September 30, 2015

 

 

 

Weighted

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

 

Average

 

Carrying

 

Accumulated

 

Intangibles

 

Carrying

 

Accumulated

 

Intangibles

 

 

 

Lives

 

Value

 

Amortization

 

Net

 

Value

 

Amortization

 

Net

 

Amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs

 

8 years

 

$

24,631 

 

$

7,500 

 

$

17,131 

 

$

19,670 

 

$

2,472 

 

$

17,198 

 

Patents

 

17 years

 

7,206 

 

994 

 

6,212 

 

7,466 

 

1,056 

 

6,410 

 

Developed technology

 

11 years

 

13,397 

 

4,528 

 

8,869 

 

13,636 

 

4,854 

 

8,782 

 

Customer relationships/backlog

 

7 years

 

8,619 

 

3,406 

 

5,213 

 

8,557 

 

3,696 

 

4,861 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortizable assets

 

 

 

53,853 

 

16,428 

 

37,425 

 

49,329 

 

12,078 

 

37,251 

 

Non-amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

12,988 

 

 

12,988 

 

12,964 

 

 

12,964 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

$

66,841 

 

$

16,428 

 

$

50,413 

 

$

62,293 

 

$

12,078 

 

$

50,215 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense

At September 30, 2015, the estimated future amortization expense was as follows (in thousands):

 

2016 (remaining 9 months)

 

$

4,302 

 

2017

 

5,136 

 

2018

 

5,170 

 

2019

 

5,208 

 

2020

 

3,907 

 

2021

 

3,753 

 

2022 and thereafter, including assets that have not yet begun to be amortized

 

9,775 

 

 

 

 

 

Total

 

$

37,251