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Goodwill and Intangible Assets | 6 Months Ended
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Dec. 31, 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 six-month period ended December 31, 2023 were as follows (in thousands) ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | And | ​ | ​ | ​ | ​ | ​
​ | ​ | Security | ​ | Manufacturing | ​ | Healthcare | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2023 | ​ | $ | 230,662 | ​ | $ | 70,388 | ​ | $ | 48,455 | ​ | $ | 349,505
Goodwill acquired | ​ |  | 2,072 | ​ |  | 828 | ​ |  | — | ​ |  | 2,900
Foreign currency translation adjustment | ​ |  | 220 | ​ | ​ | 252 | ​ | ​ | 34 | ​ | ​ | 506
Balance as of December 31, 2023 | ​ | $ | 232,954 | ​ | $ | 71,468 | ​ | $ | 48,489 | ​ | $ | 352,911
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2023 | ​ | December 31, 2023
​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Accumulated | ​ | Intangibles | ​ | Carrying | ​ | Accumulated | ​ | Intangibles
​ |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Software development costs | ​ | $ | 77,844 | ​ | $ | (20,285) | ​ | $ | 57,559 | ​ | $ | 83,570 | ​ | $ | (19,719) | ​ | $ | 63,851
Patents | ​ |  | 8,636 | ​ |  | (3,404) | ​ |  | 5,232 | ​ | ​ | 8,886 | ​ | ​ | (3,628) | ​ | ​ | 5,258
Developed technology | ​ |  | 68,274 | ​ |  | (38,353) | ​ |  | 29,921 | ​ | ​ | 71,332 | ​ | ​ | (42,207) | ​ | ​ | 29,125
Customer relationships | ​ |  | 55,780 | ​ |  | (39,101) | ​ |  | 16,679 | ​ | ​ | 56,183 | ​ | ​ | (42,601) | ​ | ​ | 13,582
Total amortizable assets | ​ |  | 210,534 | ​ | ​ | (101,143) | ​ | ​ | 109,391 | ​ | ​ | 219,971 | ​ | ​ | (108,155) | ​ | ​ | 111,816
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
In-process R&D | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | 533 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | —
Trademarks | ​ |  | 30,933 | ​ | ​ | — | ​ | ​ | 30,933 | ​ | ​ | 31,472 | ​ | ​ | — | ​ | ​ | 31,472
Total intangible assets | ​ | $ | 242,000 | ​ | $ | (101,143) | ​ | $ | 140,857 | ​ | $ | 251,443 | ​ | $ | (108,155) | ​ | $ | 143,288
​ Amortization expense related to intangible assets was $4.8 million and $5.7 million for the three months ended December 31, 2022 and 2023, respectively. For the six months ended December 31, 2022 and 2023, amortization expense related to intangible assets was $9.4 million and $10.4 million, respectively. ​ At December 31, 2023, the estimated future amortization expense for intangible assets was as follows (in thousands): ​ Fiscal Year ​
​ | ​ | ​ | ​
2024 (remaining 6 months) |  | $ | 9,877
2025 | ​ |  | 16,378
2026 | ​ |  | 12,751
2027 | ​ |  | 8,832
2028 | ​ | ​ | 5,829
Thereafter | ​ |  | 58,149
Total | ​ | $ | 111,816
​ 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 compared 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 each of the three months ended December 31, 2022 and 2023, we capitalized software development costs in the amounts of $4.0 million. For the six months ended December 31, 2022 and 2023, we capitalized software development costs in the amounts of $7.9 million and $8.0 million, respectively.

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