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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2018
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in carrying amount of goodwill

 

        The changes in the carrying amount of goodwill for fiscal 2017 and 2018 are as follows (in thousands):

                                                                                                                                                                                                                       

 

 

 

Security
Division

 

Healthcare
Division

 

Optoelectronics
and
Manufacturing
Division

 

Consolidated

 

Balance as of June 30, 2016

 

$

32,922

 

$

42,574

 

$

47,323

 

$

122,819

 

Goodwill acquired or adjusted during the period

 

 

122,022

 

 

 

 

 

 

122,022

 

Goodwill reduced as part of a divestiture

 

 

 

 

(2,200

)

 

 

 

(2,200

)

Foreign currency translation adjustment

 

 

139

 

 

(245

)

 

(406

)

 

(512

)

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

Balance as of June 30, 2017

 

$

155,083

 

$

40,129

 

$

46,917

 

$

242,129

 

Goodwill acquired or adjusted during the period

 

 

36,889

 

 

 

 

13,986

 

 

50,875

 

Foreign currency translation adjustment

 

 

(162

)

 

28

 

 

(657

)

 

(791

)

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

Balance as of June 30, 2018

 

$

191,810

 

$

40,157

 

$

60,246

 

$

292,213

 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

 

Schedule of intangible assets

 

        Intangible assets subject to amortization consisted of the following (in thousands):

                                                                                                                                                                                                                     

 

 

 

 

 

June 30, 2017

 

June 30, 2018

 

 

 

Weighted
Average
Lives

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Gross
Carrying
Value

 

Accumulated
Amortization

 

Intangibles
Net

 

Amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs

 

9 years

 

$

26,753

 

$

(6,291

)

$

20,462

 

$

28,474

 

$

(9,586

)

$

18,888

 

Patents

 

19 years

 

 

8,386

 

 

(1,676

)

 

6,710

 

 

8,401

 

 

(1,618

)

 

6,783

 

Developed technology

 

10 years

 

 

37,446

 

 

(5,530

)

 

31,916

 

 

51,780

 

 

(9,656

)

 

42,124

 

Customer relationships/backlog

 

7 years

 

 

38,289

 

 

(7,667

)

 

30,622

 

 

63,098

 

 

(17,728

)

 

45,370

 

IPR&D

 

5 years

 

 

3,200

 

 

 

 

3,200

 

 

3,290

 

 

(50

)

 

3,240

 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

Total amortizable assets

 

 

 

 

114,074

 

 

(21,164

)

 

92,910

 

 

155,043

 

 

(38,638

)

 

116,405

 

Non-amortizable assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trademarks

 

 

 

 

25,540

 

 

 

 

25,540

 

 

25,596

 

 

 

 

25,596

 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

Total intangible assets

 

 

 

$

139,614

 

$

(21,164

)

$

118,450

 

$

180,639

 

$

(38,638

)

$

142,001

 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

​ 

 

Schedule of estimated future amortization expense

 

        At June 30, 2018, estimated future amortization expense was as follows (in thousands):

                                                                                                                                                                                                                     

 

2019

 

$

19,384

 

2020

 

 

18,600

 

2021

 

 

17,842

 

2022

 

 

13,539

 

2023

 

 

12,743

 

Thereafter, including assets that have not yet begun to be amortized

 

 

34,297

 

​ 

​ 

Total

 

$

116,405

 

​ 

​ 

​ 

​