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Goodwill and Intangible Assets | 3 Months Ended
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Sep. 30, 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 three-month period ended September 30, 2020 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​
​ | ​ | Security | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2020 | ​ | $ | 203,627 | ​ | $ | 39,983 | ​ | $ | 67,017 | ​ | $ | 310,627
Goodwill acquired or adjusted during the period | ​ |  | 498 | ​ |  | 3,244 | ​ |  | — | ​ |  | 3,742
Foreign currency translation adjustment | ​ |  | 149 | ​ |  | 113 | ​ |  | 880 | ​ |  | 1,142
Balance as of September 30, 2020 | ​ | $ | 204,274 | ​ | $ | 43,340 | ​ | $ | 67,897 | ​ | $ | 315,511
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 2020 | ​ | September 30, 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 | ​ | $ | 41,332 | ​ | $ | (16,295) | ​ | $ | 25,037 | ​ | $ | 44,436 | ​ | $ | (16,344) | ​ | $ | 28,092
Patents |  | 19 years | ​ |  | 9,962 | ​ |  | (2,584) | ​ |  | 7,378 | ​ |  | 10,214 | ​ |  | (2,845) | ​ |  | 7,369
Developed technology |  | 10 years | ​ |  | 55,719 | ​ |  | (19,556) | ​ |  | 36,163 | ​ |  | 60,945 | ​ |  | (21,167) | ​ |  | 39,778
Customer relationships/backlog |  | 7 years | ​ |  | 64,128 | ​ |  | (32,110) | ​ |  | 32,018 | ​ |  | 63,550 | ​ |  | (33,172) | ​ |  | 30,378
Total amortizable assets | ​ | ​ | ​ |  | 171,141 | ​ |  | (70,545) | ​ |  | 100,596 | ​ |  | 179,145 | ​ |  | (73,528) | ​ |  | 105,617
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
IPR&D | ​ | ​ | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533 | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533
Trademarks | ​ | ​ | ​ |  | 27,150 | ​ |  | — | ​ |  | 27,150 | ​ |  | 28,631 | ​ |  | — | ​ |  | 28,631
Total intangible assets | ​ | ​ | ​ | $ | 198,824 | ​ | $ | (70,545) | ​ | $ | 128,279 | ​ | $ | 208,309 | ​ | $ | (73,528) | ​ | $ | 134,781
​ Amortization expense related to intangible assets was $4.9 million and $4.8 million for the three-month periods ended September 30, 2019 and 2020, respectively. ​ At September 30, 2020, the estimated future amortization expense for intangible assets was as follows (in thousands): ​
​ | ​ | ​ | ​
2021 (remaining 9 months) | ​ | $ | 13,977
2022 | ​ |  | 17,804
2023 | ​ |  | 17,457
2024 | ​ |  | 16,774
2025 | ​ |  | 12,691
Thereafter | ​ |  | 26,914
Total | ​ | $ | 105,617
​ 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 September 30, 2019 and 2020, we capitalized software development costs in the amounts of $1.3 million and $4.1 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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