XML 34 R23.htm IDEA: XBRL DOCUMENT v3.10.0.1
Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2018
Goodwill and Intangible Assets  
Schedule of changes in carrying amount of goodwill

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

 

Schedule of intangible assets

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

 

Schedule of estimated future amortization expense

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