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Goodwill and Intangible Assets | 6 Months Ended
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Dec. 31, 2018
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The changes in the carrying value of goodwill for the six month period ended December 31, 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 |  |  | 6,541 |  |  | — |  |  | 7,415 |  |  | 13,956
Foreign currency translation adjustment |  |  | (65) |  |  | (102) |  |  | (838) |  |  | (1,005)
Balance as of December 31, 2018 |  | $ | 198,286 |  | $ | 40,055 |  | $ | 66,823 |  | $ | 305,164
Intangible assets consisted of the following (in thousands):
|  |  |  | June 30, 2018 |  | December 31, 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 |  | $ | 29,215 |  | $ | (11,597) |  | $ | 17,618
Patents |  | 19 years |  |  | 8,401 |  |  | (1,618) |  |  | 6,783 |  |  | 8,243 |  |  | (1,680) |  |  | 6,563
Developed technology |  | 10 years |  |  | 52,780 |  |  | (9,706) |  |  | 43,074 |  |  | 54,582 |  |  | (12,480) |  |  | 42,102
Customer relationships/backlog |  | 7 years |  |  | 63,398 |  |  | (17,891) |  |  | 45,507 |  |  | 65,673 |  |  | (20,494) |  |  | 45,179
Total amortizable assets |  |  |  |  | 152,753 |  |  | (38,638) |  |  | 114,115 |  |  | 157,713 |  |  | (46,251) |  |  | 111,462
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  | 25,596 |  |  | — |  |  | 25,596 |  |  | 26,450 |  |  | — |  |  | 26,450
IPR&D |  |  |  |  | 2,290 |  |  | — |  |  | 2,290 |  |  | 2,290 |  |  | — |  |  | 2,290
Total intangible assets |  |  |  | $ | 180,639 |  | $ | (38,638) |  | $ | 142,001 |  | $ | 186,453 |  | $ | (46,251) |  | $ | 140,202
Amortization expense related to intangible assets was $4.5 million and $5.6 million for the three month periods ended December 31, 2017 and 2018, respectively. For the six months ended December 31, 2017 and 2018, amortization expense was $8.7 million and $10.9 million, respectively. .At December 31, 2018, the estimated future amortization expense was as follows (in thousands):
2019 (remaining 6 months) |  | $ | 9,960
2020 |  |  | 19,634
2021 |  |  | 19,281
2022 |  |  | 14,670
2023 |  |  | 13,448
Thereafter, including assets that have not yet begun to be amortized |  |  | 34,469
Total |  | $ | 111,462
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 December 31, 2017 and 2018, we capitalized software development costs in the amount of $0.2 million and $0.6 million, respectively. For the six month periods ended December 31, 2017 and 2018, we capitalized software development costs in the amount of $0.3 million and $1.0 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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