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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 31, 2019
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets The changes in the carrying value of goodwill for the nine month period ended March 31, 2019 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 |  |  | 7,992 |  |  | — |  |  | 7,472 |  |  | 15,464
Foreign currency translation adjustment |  |  | (135) |  |  | 6 |  |  | (87) |  |  | (216)
Balance as of March 31, 2019 |  | $ | 199,667 |  | $ | 40,163 |  | $ | 67,631 |  | $ | 307,461
Intangible assets consisted of the following (in thousands):
|  |  |  | June 30, 2018 |  | March 31, 2019
|  | Weighted |  | Gross |  |  |  |  |  |  |  | Gross |  |  |  |  |  |
|  | Average |  | Carrying |  | Accumulated |  | Intangibles |  | Carrying |  | Accumulated |  | Intangibles
|  | Lives |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Software development costs |  | 8 years |  | $ | 28,174 |  | $ | (9,423) |  | $ | 18,751 |  | $ | 28,706 |  | $ | (11,730) |  | $ | 16,976
Patents |  | 19 years |  |  | 8,401 |  |  | (1,618) |  |  | 6,783 |  |  | 8,456 |  |  | (1,785) |  |  | 6,671
Developed technology |  | 10 years |  |  | 52,780 |  |  | (9,706) |  |  | 43,074 |  |  | 54,604 |  |  | (13,861) |  |  | 40,743
Customer relationships/backlog |  | 7 years |  |  | 63,398 |  |  | (17,891) |  |  | 45,507 |  |  | 66,085 |  |  | (22,842) |  |  | 43,243
Total amortizable assets |  |  |  |  | 152,753 |  |  | (38,638) |  |  | 114,115 |  |  | 157,851 |  |  | (50,218) |  |  | 107,633
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Trademarks and trade names |  |  |  |  | 25,596 |  |  | — |  |  | 25,596 |  |  | 26,509 |  |  | — |  |  | 26,509
IPR&D |  |  |  |  | 2,290 |  |  | — |  |  | 2,290 |  |  | 2,290 |  |  | — |  |  | 2,290
Total intangible assets |  |  |  | $ | 180,639 |  | $ | (38,638) |  | $ | 142,001 |  | $ | 186,650 |  | $ | (50,218) |  | $ | 136,432
Amortization expense related to intangible assets was $5.1 million and $5.4 million for the three months ended March 31, 2018 and 2019, respectively. For the nine months ended March 31, 2018 and 2019, amortization expense was $13.8 million and $16.3 million, respectively. At March 31, 2019, the estimated future amortization expense of intangible assets was as follows (in thousands):
2019 (remaining 3 months) |  | $ | 5,329
2020 |  |  | 20,022
2021 |  |  | 18,732
2022 |  |  | 14,832
2023 |  |  | 13,750
Thereafter, including assets that have not yet begun to be amortized |  |  | 34,968
Total |  | $ | 107,633
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 March 31, 2018 and 2019, we capitalized software development costs in the amounts of $1.0 million and $0.8 million, respectively. For the nine months ended March 31, 2018 and 2019, we capitalized software development costs in the amounts of $1.3 million and $1.8 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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