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Goodwill and Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets  
Schedule of carrying value of goodwill

 

The changes in the carrying value of goodwill for the nine-month period ended March 31, 2016 were as follows (in thousands):

 

 

 

Security

 

Healthcare

 

Optoelectronics
and
Manufacturing

 

Consolidated

 

Balance as of June 30, 2015

 

$

29,730

 

$

43,182

 

$

25,255

 

$

98,167

 

Goodwill acquired or adjusted during the period

 

1,634

 

 

23,554

 

25,188

 

Foreign currency translation adjustment

 

14

 

(312

)

(760

)

(1,058

)

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2016

 

$

31,378

 

$

42,870

 

$

48,049

 

$

122,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets

 

Intangible assets as of June 30, 2015 and March 31, 2016 were as follows (in thousands):

 

 

 

 

 

June 30, 2015

 

March 31, 2016

 

 

 

Weighted
Average
Lives

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs

 

7 years

 

$

24,631 

 

$

7,500 

 

$

17,131 

 

$

21,522 

 

$

3,330 

 

$

18,192 

 

Patents

 

17 years

 

7,206 

 

994 

 

6,212 

 

8,033 

 

1,191 

 

6,842 

 

Developed technology

 

11 years

 

13,397 

 

4,528 

 

8,869 

 

15,449 

 

5,537 

 

9,912 

 

Customer relationships/backlog

 

7 years

 

8,619 

 

3,406 

 

5,213 

 

13,945 

 

4,395 

 

9,550 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortizable assets

 

 

 

53,853 

 

16,428 

 

37,425 

 

58,949 

 

14,453 

 

44,496 

 

Non-amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

12,988 

 

 

12,988 

 

13,877 

 

 

13,877 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

$

66,841 

 

$

16,428 

 

$

50,413 

 

$

72,826 

 

$

14,453 

 

$

58,373 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense

 

At March 31, 2016, the estimated future amortization expense was as follows (in thousands):

 

Fiscal Years

 

 

 

2016 (remaining 3 months)

 

$

2,271 

 

2017

 

7,792 

 

2018

 

7,711 

 

2019

 

6,282 

 

2020

 

6,254 

 

2021

 

3,717 

 

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

 

10,469 

 

 

 

 

 

Total

 

$

44,496