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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 31, 2020
Goodwill and Intangible Assets |
Goodwill and Intangible Assets | 4. Goodwill and Intangible Assets ​ The changes in the carrying value of goodwill by segment for the nine-month period ended March 31, 2020 are as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​
​ |  | Security |  | Healthcare |  | Manufacturing |  | ​ | ​
​ | ​ | Division | ​ | Division | ​ | Division | ​ | Consolidated
Balance as of June 30, 2019 | ​ | $ | 200,079 | ​ | $ | 40,064 | ​ | $ | 66,965 | ​ | $ | 307,108
Goodwill acquired or adjusted during the period | ​ |  | 2,213 | ​ | ​ | — | ​ | ​ | 1,033 | ​ | ​ | 3,246
Foreign currency translation adjustment | ​ |  | (517) | ​ |  | (55) | ​ |  | (1,143) | ​ |  | (1,715)
Balance as of March 31, 2020 | ​ | $ | 201,775 | ​ | $ | 40,009 | ​ | $ | 66,855 | ​ | $ | 308,639
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 2019 | ​ | March 31, 2020
​ | ​ | Weighted | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | Carrying | ​ | Accumulated | ​ | Intangibles | ​ | Carrying | ​ | Accumulated | ​ | Intangibles
​ |  | Lives |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Software development costs | ​ | 8 years | ​ | $ | 29,393 | ​ | $ | (12,747) | ​ | $ | 16,646 | ​ | $ | 37,129 | ​ | $ | (15,553) | ​ | $ | 21,576
Patents | ​ | 19 years | ​ |  | 8,688 | ​ |  | (1,927) | ​ |  | 6,761 | ​ |  | 9,681 | ​ | ​ | (2,481) | ​ | ​ | 7,200
Developed technology | ​ | 10 years | ​ |  | 53,460 | ​ |  | (14,050) | ​ |  | 39,410 | ​ |  | 54,804 | ​ | ​ | (18,135) | ​ | ​ | 36,669
Customer relationships/backlog | ​ | 7 years | ​ |  | 63,101 | ​ |  | (22,132) | ​ |  | 40,969 | ​ |  | 63,244 | ​ | ​ | (28,144) | ​ | ​ | 35,100
Total amortizable assets | ​ | ​ | ​ |  | 154,642 | ​ |  | (50,856) | ​ |  | 103,786 | ​ |  | 164,858 | ​ | ​ | (64,313) | ​ | ​ | 100,545
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IPR&D | ​ | ​ | ​ | ​ | 2,290 | ​ | ​ | — | ​ | ​ | 2,290 | ​ | ​ | 2,200 | ​ | ​ | — | ​ | ​ | 2,200
Trademarks | ​ | ​ | ​ |  | 26,878 | ​ |  | — | ​ |  | 26,878 | ​ |  | 26,726 | ​ | ​ | — | ​ | ​ | 26,726
Total intangible assets | ​ | ​ | ​ | $ | 183,810 | ​ | $ | (50,856) | ​ | $ | 132,954 | ​ | $ | 193,784 | ​ | $ | (64,313) | ​ | $ | 129,471
​ Amortization expense related to intangible assets was $5.4 million and $4.9 million for the three-month periods ended March 31, 2019 and 2020, respectively. For the nine months ended March 31, 2019 and 2020, amortization expense related to intangible assets was $16.3 million and $14.3 million, respectively. ​ At March 31, 2020, the estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
2020 (remaining 3 months) |  | $ | 4,639
2021 | ​ |  | 18,294
2022 | ​ |  | 15,581
2023 | ​ |  | 14,286
2024 | ​ |  | 13,543
Thereafter, including assets that have not yet begun to be amortized | ​ |  | 34,202
Total | ​ | $ | 100,545
​ 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, 2019 and 2020, we capitalized software development costs in the amounts of $0.8 million and $4.5 million, respectively. For the nine months ended March 31, 2019 and 2020, we capitalized software development costs in the amounts of $1.8 million and $7.7 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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