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Goodwill and Intangible Assets | 3 Months Ended
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Sep. 30, 2018
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The changes in the carrying value of goodwill for the three month period ended September 30, 2018 are as follows (in thousands):
|  |  |  |  |  |  |  | Optoelectronics |  |  |
|  |  |  |  |  |  |  | and |  |  |
|  | Security |  | Healthcare |  | Manufacturing |  |  |
|  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2018 |  | $ | 191,810 |  | $ | 40,157 |  | $ | 60,246 |  | $ | 292,213
Goodwill acquired or adjusted during the period |  |  | 4,811 |  |  | — |  |  | 7,415 |  |  | 12,226
Foreign currency translation adjustment |  |  | (11) |  |  | 7 |  |  | 282 |  |  | 278
Balance as of September 30, 2018 |  | $ | 196,610 |  | $ | 40,164 |  | $ | 67,943 |  | $ | 304,717
Intangible assets consisted of the following (in thousands):
|  |  |  | June 30, 2018 |  | September 30, 2018
|  | Weighted |  | Gross |  |  |  |  |  |  |  | Gross |  |  |  |  |  |
|  | Average |  | Carrying |  | Accumulated |  | Intangibles |  | Carrying |  | Accumulated |  | Intangibles
|  | Lives |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Software development costs |  | 9 years |  | $ | 28,174 |  | $ | (9,423) |  | $ | 18,751 |  | $ | 28,621 |  | $ | (10,159) |  | $ | 18,462
Patents |  | 19 years |  |  | 8,401 |  |  | (1,618) |  |  | 6,783 |  |  | 7,866 |  |  | (1,580) |  |  | 6,286
Developed technology |  | 10 years |  |  | 52,780 |  |  | (9,706) |  |  | 43,074 |  |  | 54,650 |  |  | (11,091) |  |  | 43,559
Customer relationships/backlog |  | 7 years |  |  | 63,398 |  |  | (17,891) |  |  | 45,507 |  |  | 68,840 |  |  | (20,723) |  |  | 48,117
IPR&D |  | 5 years |  |  | 2,290 |  |  | — |  |  | 2,290 |  |  | 2,290 |  |  | — |  |  | 2,290
Total amortizable assets |  |  |  |  | 155,043 |  |  | (38,638) |  |  | 116,405 |  |  | 162,267 |  |  | (43,553) |  |  | 118,714
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  | 25,596 |  |  | — |  |  | 25,596 |  |  | 26,516 |  |  | — |  |  | 26,516
Total intangible assets |  |  |  | $ | 180,639 |  | $ | (38,638) |  | $ | 142,001 |  | $ | 188,783 |  | $ | (43,553) |  | $ | 145,230
Amortization expense related to intangible assets was $4.2 million and $5.3 million for the three months ended September 30, 2017 and 2018, respectively. At September 30, 2018, the estimated future amortization expense was as follows (in thousands):
2019 (remaining 9 months) |  | $ | 15,454
2020 |  |  | 19,628
2021 |  |  | 19,111
2022 |  |  | 14,702
2023 |  |  | 13,559
Thereafter, including assets that have not yet begun to be amortized |  |  | 36,260
Total |  | $ | 118,714
Software development costs for software products incurred before establishing technological feasibility are charged to operations. Software development costs incurred after establishing technological feasibility are capitalized on a product by product basis until the product is available for general release to customers at which time amortization begins. Annual amortization, charged to cost of goods sold, is the amount computed using the ratio that current revenues for a product bear to the total current and anticipated future revenues for that product. In the event that future revenues are not estimable, such costs are amortized on a straight line basis over the remaining estimated economic life of the product. Amortizable assets that have not yet begun to be amortized are included in Thereafter in the table above. For the three months ended September 30, 2017 and 2018, we capitalized software development costs in the amount of $0.1 million and $0.4 million, respectively.

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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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