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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2019
GOODWILL AND INTANGIBLE ASSETS |
GOODWILL AND INTANGIBLE ASSETS | 5. GOODWILL AND INTANGIBLE ASSETS The changes in the carrying amount of goodwill by segment for fiscal 2018 and 2019 are as follows (in thousands):
|  |  |  |  |  |  |  | Optoelectronics |  |  |
|  |  |  |  |  |  |  | and |  |  |
|  | Security |  | Healthcare |  | Manufacturing |  |  |
|  | Division |  | Division |  | Division |  | Consolidated
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
Goodwill acquired or adjusted during the period |  |  | 8,340 |  |  | — |  |  | 7,019 |  |  | 15,359
Foreign currency translation adjustment |  |  | (71) |  |  | (93) |  |  | (300) |  |  | (464)
Balance as of June 30, 2019 |  | $ | 200,079 |  | $ | 40,064 |  | $ | 66,965 |  | $ | 307,108
The measurement periods for the valuation of assets and liabilities acquired may extend up to one year. Adjustments in purchase price allocations may require a change in the amounts allocated to goodwill during the periods in which the adjustments are determined. Intangible assets subject to amortization consisted of the following (amounts in thousands):
|  |  |  | June 30, 2018 |  | June 30, 2019
|  | 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 |  | $ | 29,393 |  | $ | (12,747) |  | $ | 16,646
Patents |  | 19 years |  |  | 8,401 |  |  | (1,618) |  |  | 6,783 |  |  | 8,688 |  |  | (1,927) |  |  | 6,761
Developed technology |  | 10 years |  |  | 52,780 |  |  | (9,706) |  |  | 43,074 |  |  | 53,460 |  |  | (14,050) |  |  | 39,410
Customer relationships/backlog |  | 7 years |  |  | 63,398 |  |  | (17,891) |  |  | 45,507 |  |  | 63,101 |  |  | (22,132) |  |  | 40,969
Total amortizable assets |  |  |  |  | 152,753 |  |  | (38,638) |  |  | 114,115 |  |  | 154,642 |  |  | (50,856) |  |  | 103,786
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
IPR&D |  |  |  |  | 2,290 |  |  | — |  |  | 2,290 |  |  | 2,290 |  |  | — |  |  | 2,290
Trademarks |  |  |  |  | 25,596 |  |  | — |  |  | 25,596 |  |  | 26,878 |  |  | — |  |  | 26,878
Total intangible assets |  |  |  | $ | 180,639 |  | $ | (38,638) |  | $ | 142,001 |  | $ | 183,810 |  | $ | (50,856) |  | $ | 132,954
During fiscal 2018 , we recorded impairment charges related to intangible assets of $2.5 million due to changes in facts and circumstances associated with the shift in strategic direction which led us to conclude that the carrying value of the intangible assets was not recoverable. These intangible assets impairment charges were included in impairment, restructuring and other charges in our consolidated statement of operations. Amortization expense for fiscal 2017, 2018 and 2019 was $12.3 million, $19.5 million and $21.4 million, respectively. Future acquisitions could cause these amounts to increase. At June 30, 2019, the estimated future amortization expense was as follows (in thousands):
2020 |  | $ | 19,960
2021 |  |  | 18,825
2022 |  |  | 14,984
2023 |  |  | 13,904
2024 |  |  | 12,883
Thereafter, including assets that have not yet begun to be amortized |  |  | 23,230
Total |  | $ | 103,786
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. During fiscal 2017, 2018 and 2019, we capitalized software development costs in the amounts of $2.3 million, $1.8 million and $2.7 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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