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Goodwill and Intangible Assets | 3 Months Ended
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Sep. 30, 2023
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, 2023 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | And | ​ | ​ | ​
​ | ​ | Security | ​ | Healthcare | ​ | Manufacturing | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2023 | ​ | $ | 230,662 | ​ | $ | 48,455 | ​ | $ | 70,388 | ​ | $ | 349,505
Foreign currency translation adjustment | ​ |  | (132) | ​ | ​ | (103) | ​ | ​ | (859) | ​ | ​ | (1,094)
Balance as of September 30, 2023 | ​ | $ | 230,530 | ​ | ​ | 48,352 | ​ | ​ | 69,529 | ​ | ​ | 348,411
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | June 30, 2023 | ​ | September 30, 2023
​ | ​ | 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 | ​ | $ | 77,844 | ​ | $ | (20,285) | ​ | $ | 57,559 | ​ | ​ | 81,845 | ​ | ​ | (21,145) | ​ | ​ | 60,700
Patents |  | 19 years | ​ |  | 8,636 | ​ |  | (3,404) | ​ |  | 5,232 | ​ | ​ | 8,742 | ​ | ​ | (3,515) | ​ | ​ | 5,227
Developed technology |  | 10 years | ​ |  | 68,274 | ​ |  | (38,353) | ​ |  | 29,921 | ​ | ​ | 68,246 | ​ | ​ | (40,186) | ​ | ​ | 28,060
Customer relationships |  | 7 years | ​ |  | 55,780 | ​ |  | (39,101) | ​ |  | 16,679 | ​ | ​ | 55,570 | ​ | ​ | (40,833) | ​ | ​ | 14,737
Total amortizable assets | ​ | ​ | ​ |  | 210,534 | ​ | ​ | (101,143) | ​ | ​ | 109,391 | ​ | ​ | 214,403 | ​ | ​ | (105,679) | ​ | ​ | 108,724
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process R&D | ​ | ​ | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533 | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533
Trademarks | ​ | ​ | ​ |  | 30,933 | ​ | ​ | — | ​ | ​ | 30,933 | ​ | ​ | 30,954 | ​ | ​ | — | ​ | ​ | 30,954
Total intangible assets | ​ | ​ | ​ | $ | 242,000 | ​ | $ | (101,143) | ​ | $ | 140,857 | ​ | ​ | 245,890 | ​ | ​ | (105,679) | ​ | ​ | 140,211
​ Amortization expense related to intangible assets was $4.7 million in each of the three months ended September 30, 2022 and 2023. ​ At September 30, 2023, the estimated future amortization expense for amortizable intangible assets was as follows (in thousands): ​ Fiscal Year ​
​ | ​ | ​ | ​
2024 (remaining 9 months) |  | $ | 14,187
2025 | ​ |  | 15,879
2026 | ​ |  | 12,705
2027 | ​ | ​ | 8,741
2028 | ​ | ​ | 5,953
Thereafter | ​ |  | 51,259
Total | ​ | $ | 108,724
​ 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, 2022 and 2023, we capitalized software development costs in the amounts of $3.9 million and $4.0 million, respectively.

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