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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 31, 2022
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, 2022 were as follows (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | And | ​ | ​ | ​
​ | ​ | Security | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2021 | ​ | $ | 206,426 | ​ | $ | 43,584 | ​ | $ | 70,294 | ​ | $ | 320,304
Goodwill acquired or adjusted during the period | ​ |  | 17,703 | ​ |  | — | ​ |  | — | ​ |  | 17,703
Foreign currency translation adjustment | ​ |  | (20) | ​ |  | (181) | ​ |  | (1,151) | ​ |  | (1,352)
Balance as of March 31, 2022 | ​ | $ | 224,109 | ​ | $ | 43,403 | ​ | $ | 69,143 | ​ | $ | 336,655
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 2021 | ​ | March 31, 2022
​ | ​ | Weighted | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Average | ​ | Carrying | ​ | Accumulated | ​ | Intangibles | ​ | Carrying | ​ | Accumulated | ​ | Intangibles
​ |  | Lives |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Software development costs |  | 8-9 years | ​ | $ | 49,183 | ​ | $ | (15,679) | ​ | $ | 33,504 | ​ | $ | 60,652 | ​ | $ | (18,032) | ​ | $ | 42,620
Patents |  | 19 years | ​ |  | 8,753 | ​ |  | (2,597) | ​ |  | 6,156 | ​ |  | 8,515 | ​ |  | (2,875) | ​ |  | 5,640
Developed technology |  | 10 years | ​ |  | 60,665 | ​ |  | (25,923) | ​ |  | 34,742 | ​ |  | 68,390 | ​ |  | (30,741) | ​ |  | 37,649
Customer relationships |  | 7 years | ​ |  | 50,676 | ​ |  | (26,588) | ​ |  | 24,088 | ​ |  | 54,021 | ​ |  | (31,042) | ​ |  | 22,979
Total amortizable assets | ​ | ​ | ​ |  | 169,277 | ​ |  | (70,787) | ​ |  | 98,490 | ​ |  | 191,578 | ​ |  | (82,690) | ​ |  | 108,888
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process R&D | ​ | ​ | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533 | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533
Trademarks | ​ | ​ | ​ |  | 28,585 | ​ |  | — | ​ |  | 28,585 | ​ |  | 30,360 | ​ |  | — | ​ |  | 30,360
Total intangible assets | ​ | ​ | ​ | $ | 198,395 | ​ | $ | (70,787) | ​ | $ | 127,608 | ​ | $ | 222,471 | ​ | $ | (82,690) | ​ | $ | 139,781
​ Amortization expense related to intangible assets was $4.8 million and $4.4 million for the three months ended March 31, 2021 and 2022, respectively. For the nine months ended March 31, 2021 and 2022, amortization expense related to intangible assets was $15.1 million and $13.0 million, respectively. ​ At March 31, 2022, the estimated future amortization expense for intangible assets was as follows (in thousands): ​ Fiscal Year ​
​ | ​ | ​ | ​
2022 (remaining 3 months) |  | $ | 4,779
2023 | ​ |  | 18,981
2024 | ​ |  | 21,448
2025 | ​ |  | 19,826
2026 | ​ | ​ | 13,979
Thereafter | ​ |  | 29,875
Total | ​ | $ | 108,888
​ 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, 2021 and 2022, we capitalized software development costs in the amounts of $2.6 million and $4.0 million, respectively. For the nine months ended March 31, 2021 and 2022, we capitalized software development costs in the amounts of $9.1 million and $11.7 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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