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Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2022

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, 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

Schedule of intangible assets

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

Schedule of estimated future amortization expense for intangible assets

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

​

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
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-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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