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Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets  
Schedule of carrying amount of goodwill

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

 

 

 

Security

 

Healthcare

 

Optoelectronics
and
Manufacturing

 

Consolidated

 

Balance as of June 30, 2016

 

$

32,922

 

$

42,574

 

$

47,323

 

$

122,819

 

Goodwill acquired or adjusted during the period

 

122,069

 

 

 

122,069

 

Foreign currency translation adjustment

 

(139

)

(525

)

(1,273

)

(1,937

)

 

 

 

 

 

 

 

 

 

 

Balance as of December 31, 2016

 

$

154,852

 

$

42,049

 

$

46,050

 

$

242,951

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of intangible assets

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

 

 

 

 

 

June 30, 2016

 

December 31, 2016

 

 

 

Weighted
Average
Lives

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs

 

9 years

 

$

22,091 

 

$

4,120 

 

$

17,971 

 

$

26,080 

 

$

5,046 

 

$

21,034 

 

Patents

 

20 years

 

8,111 

 

1,760 

 

6,351 

 

8,076 

 

1,454 

 

6,622 

 

Developed technology

 

10 years

 

12,901 

 

3,969 

 

8,932 

 

39,495 

 

4,356 

 

35,139 

 

Customer relationships/backlog

 

7 years

 

14,223 

 

4,862 

 

9,361 

 

39,959 

 

5,703 

 

34,256 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total amortizable assets

 

 

 

57,326 

 

14,711 

 

42,615 

 

113,610 

 

16,559 

 

97,051 

 

Non-amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks and trade names

 

 

 

13,668 

 

 

13,668 

 

26,031 

 

 

26,031 

 

IPR&D

 

 

 

 

 

 

3,200 

 

 

3,200 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

 

 

$

70,994 

 

$

14,711 

 

$

56,283 

 

$

142,841 

 

$

16,559 

 

$

126,282 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense

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

 

Fiscal Years

 

 

 

2017 (remaining 6 months)

 

$

7,046 

 

2018

 

14,812 

 

2019

 

14,682 

 

2020

 

13,071 

 

2021

 

10,573 

 

2022

 

8,070 

 

2023 and thereafter (including assets that have not yet begun to be amortized)

 

28,797 

 

 

 

 

 

Total

 

$

97,051