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Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2021

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 nine-month period ended March 31, 2021 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

​

1,905

​

3,244

​

—

​

5,149

Foreign currency translation adjustment

​

264

​

333

​

2,838

​

3,435

Balance as of March 31, 2021

​

$

205,796

​

$

43,560

​

$

69,855

​

$

319,211

Schedule of intangible assets

Intangible assets consisted of the following (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2020

​

March 31, 2021

​

​

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

​

$

45,421

​

$

(14,817)

​

$

30,604

Patents

19 years

​

9,962

​

(2,584)

​

7,378

​

9,890

​

(2,790)

​

7,100

Developed technology

10 years

​

55,719

​

(19,556)

​

36,163

​

60,923

​

(24,352)

​

36,571

Customer relationships/backlog

7 years

​

64,128

​

(32,110)

​

32,018

​

62,577

​

(35,929)

​

26,648

Total amortizable assets

​

​

​

171,141

​

(70,545)

​

100,596

​

178,811

​

(77,888)

​

100,923

Non-amortizable assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

In-process research and development

​

​

​

​

533

​

​

—

​

​

533

​

​

533

​

​

—

​

​

533

Trademarks

​

​

​

27,150

​

—

​

27,150

​

28,602

​

—

​

28,602

Total intangible assets

​

​

​

$

198,824

​

$

(70,545)

​

$

128,279

​

$

207,946

​

$

(77,888)

​

$

130,058

Schedule of estimated future amortization expense for intangible assets

At March 31, 2021, the estimated future amortization expense for intangible assets was as follows (in thousands):

​

​	​	​	​
2021 (remaining 3 months)	​	$	4,660
2022	​		17,152
2023	​		17,377
2024	​		16,705
2025	​		13,986
Thereafter	​		31,043
Total	​	$	100,923

​

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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