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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2019
GOODWILL AND INTANGIBLE ASSETS  
Schedule of changes in carrying amount of goodwill

 

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

 

Schedule of intangible assets

 

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

 

Schedule of estimated future amortization expense

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