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Goodwill and Intangible Assets | 9 Months Ended
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Mar. 31, 2025
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, 2025 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | And | ​ | ​ | ​ | ​ | ​
​ | ​ | Security | ​ | Manufacturing | ​ | Healthcare | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2024 | ​ | $ | 232,215 | ​ | $ | 70,807 | ​ | $ | 48,458 | ​ | $ | 351,480
Goodwill acquired during the period (see Note 2) | ​ |  | 31,518 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 31,518
Foreign currency translation adjustment | ​ |  | (56) | ​ | ​ | 68 | ​ | ​ | (149) | ​ | ​ | (137)
Balance as of March 31, 2025 | ​ | $ | 263,677 | ​ | $ | 70,875 | ​ | $ | 48,309 | ​ | $ | 382,861
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2024 | ​ | March 31, 2025
​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Accumulated | ​ | Intangibles | ​ | Carrying | ​ | Accumulated | ​ | Intangibles
​ |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Software development costs | ​ | $ | 79,228 | ​ | $ | (10,646) | ​ | $ | 68,582 | ​ | $ | 89,114 | ​ | $ | (9,845) | ​ | $ | 79,269
Patents | ​ | ​ | 9,116 | ​ | ​ | (3,861) | ​ | ​ | 5,255 | ​ | ​ | 9,532 | ​ | ​ | (4,215) | ​ | ​ | 5,317
Developed technology | ​ | ​ | 70,186 | ​ | ​ | (45,740) | ​ | ​ | 24,446 | ​ | ​ | 99,134 | ​ | ​ | (53,253) | ​ | ​ | 45,881
Customer relationships | ​ | ​ | 51,113 | ​ | ​ | (41,421) | ​ | ​ | 9,692 | ​ | ​ | 34,640 | ​ | ​ | (21,356) | ​ | ​ | 13,284
Total amortizable assets | ​ |  | 209,643 | ​ | ​ | (101,668) | ​ | ​ | 107,975 | ​ | ​ | 232,420 | ​ | ​ | (88,669) | ​ | ​ | 143,751
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trademarks | ​ |  | 31,554 | ​ | ​ | — | ​ | ​ | 31,554 | ​ | ​ | 39,571 | ​ | ​ | — | ​ | ​ | 39,571
Total intangible assets | ​ | $ | 241,197 | ​ | $ | (101,668) | ​ | $ | 139,529 | ​ | $ | 271,991 | ​ | $ | (88,669) | ​ | $ | 183,322
​ Amortization expense related to intangible assets was $5.5 million and $5.6 million for the three months ended March 31, 2024 and 2025, respectively. For each of the nine months ended March 31, 2024 and 2025, amortization expense related to intangible assets was $15.9 million. ​ During the nine months ended March 31, 2025, intangible assets of $46.2 million were from the business acquisition described in Note 2. ​ At March 31, 2025, the estimated future amortization expense for intangible assets was as follows (in thousands): ​ Fiscal Year ​
​ | ​ | ​ | ​
2025 (remaining 3 months) |  | $ | 5,287
2026 | ​ |  | 17,578
2027 | ​ |  | 18,589
2028 | ​ |  | 16,767
2029 | ​ | ​ | 14,627
Thereafter | ​ |  | 70,903
Total | ​ | $ | 143,751
​ 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 of current revenues for the developed product divided by total current and anticipated future revenues for that developed 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, 2024 and 2025, we capitalized software development costs in the amounts of $4.3 million and $4.2 million, respectively. For the nine months ended March 31, 2024 and 2025, we capitalized software development costs in the amounts of $12.3 million and $13.0 million, respectively.

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