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GOODWILL AND INTANGIBLE ASSETS (Tables)

12 Months Ended

Jun. 30, 2024

GOODWILL AND INTANGIBLE ASSETS

Schedule of changes in the carrying value of goodwill by segment

The changes in the carrying amount of goodwill by segment for fiscal 2023 and 2024 are as follows (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Optoelectronics

​

​

​

​

​

​

​

​

​

​

​

and

​

​

​

​

​

​

​

​

Security

​

Manufacturing

​

Healthcare

​

​

​

​

Division

Division

Division

Consolidated

Balance as of June 30, 2022

​

$

225,555

​

$

67,615

​

$

43,187

​

$

336,357

Goodwill acquired or adjusted during the period

​

5,021

​

​

2,574

​

​

5,161

​

​

12,756

Foreign currency translation adjustment

​

86

​

​

199

​

​

107

​

​

392

Balance as of June 30, 2023

​

$

230,662

​

$

70,388

​

$

48,455

​

$

349,505

Goodwill acquired or adjusted during the period

​

1,628

​

​

827

​

​

—

​

​

2,455

Foreign currency translation adjustment

​

(75)

​

​

(408)

​

​

3

​

​

(480)

Balance as of June 30, 2024

​

$

232,215

​

$

70,807

​

$

48,458

​

$

351,480

Schedule of intangible assets

Intangible assets consisted of the following (dollar amounts in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

June 30, 2023

​

June 30, 2024

​

​

Weighted

​

Gross

​

​

​

​

​

​

​

Gross

​

​

​

​

​

​

​

​

Average

​

Carrying

​

Accumulated

​

Intangibles

​

Carrying

​

Accumulated

​

Intangibles

​

Lives

Value

Amortization

Net

Value

Amortization

Net

Amortizable assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Software development costs

7 years

​

$

77,844

​

$

(20,285)

​

$

57,559

​

$

79,228

​

$

(10,646)

​

$

68,582

Patents

19 years

​

​

8,636

​

​

(3,404)

​

​

5,232

​

​

9,116

​

​

(3,861)

​

​

5,255

Developed technology

10 years

​

​

68,274

​

​

(38,353)

​

​

29,921

​

​

70,186

​

​

(45,740)

​

​

24,446

Customer relationships

7-8 years

​

​

55,780

​

​

(39,101)

​

​

16,679

​

​

51,113

​

​

(41,421)

​

​

9,692

Total amortizable assets

​

​

​

210,534

​

​

(101,143)

​

​

109,391

​

​

209,643

​

​

(101,668)

​

​

107,975

Non-amortizable assets:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

In-process R&D

​

​

​

​

533

​

​

—

​

​

533

​

​

—

​

​

—

​

​

—

Trademarks

​

​

​

30,933

​

​

—

​

​

30,933

​

​

31,554

​

​

—

​

​

31,554

Total intangible assets

​

​

​

$

242,000

​

$

(101,143)

​

$

140,857

​

$

241,197

​

$

(101,668)

​

$

139,529

Schedule of estimated future amortization expense for intangible assets

At June 30, 2024, the estimated future amortization expense was as follows (in thousands):

​

​	​	​	​
2025		$	15,531
2026	​		12,144
2027	​		8,544
2028	​		5,602
2029	​	​	3,686
Thereafter	​		62,468
Total	​	$	107,975

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

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