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Goodwill and Intangible Assets (Tables)

6 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets

Schedule of changes in the carrying value of goodwill by segment

The changes in the carrying value of goodwill by segment for the six-month period ended December 31, 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

​

1,412

​

3,244

​

—

​

4,656

Foreign currency translation adjustment

​

483

​

266

​

2,255

​

3,004

Balance as of December 31, 2020

​

$

205,522

​

$

43,493

​

$

69,272

​

$

318,287

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2020

​

December 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

​

$

41,332

​

$

(16,295)

​

$

25,037

​

$

46,136

​

$

(17,268)

​

$

28,868

Patents

19 years

​

9,962

​

(2,584)

​

7,378

​

9,986

​

(2,744)

​

7,242

Developed technology

10 years

​

55,719

​

(19,556)

​

36,163

​

60,894

​

(22,733)

​

38,161

Customer relationships/backlog

7 years

​

64,128

​

(32,110)

​

32,018

​

62,401

​

(33,816)

​

28,585

Total amortizable assets

​

​

​

171,141

​

(70,545)

​

100,596

​

179,417

​

(76,561)

​

102,856

Non-amortizable assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

IPR&D

​

​

​

​

533

​

​

—

​

​

533

​

​

533

​

​

—

​

​

533

Trademarks

​

​

​

27,150

​

—

​

27,150

​

28,687

​

—

​

28,687

Total intangible assets

​

​

​

$

198,824

​

$

(70,545)

​

$

128,279

​

$

208,637

​

$

(76,561)

​

$

132,076

Schedule of estimated future amortization expense for intangible assets

At December 31, 2020, the estimated future amortization expense for intangible assets was as follows (in thousands):

​

​	​	​	​
2021 (remaining 6 months)	​	$	9,957
2022	​		17,338
2023	​		17,393
2024	​		16,723
2025	​		13,997
Thereafter	​		27,448
Total	​	$	102,856

​

X

- Definition

Tabular disclosure of the carrying value of finite-lived and indefinite-lived intangible assets, excluding goodwill, in total and by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by their nature or by their use in the operations of the company.

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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