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Goodwill and Intangible Assets | 3 Months Ended
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Sep. 30, 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 three-month period ended September 30, 2025 were as follows (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Optoelectronics | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | and | ​ | ​ | ​ | ​ | ​
​ | ​ | Security | ​ | Manufacturing | ​ | Healthcare | ​ | ​ | ​
​ |  | Division |  | Division |  | Division |  | Consolidated
Balance as of June 30, 2025 | ​ | $ | 266,365 | ​ | $ | 72,323 | ​ | $ | 48,705 | ​ | $ | 387,393
Goodwill adjustments during the period (see Note 2) | ​ |  | (1,306) | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (1,306)
Foreign currency translation adjustment | ​ |  | 34 | ​ | ​ | (621) | ​ | ​ | (65) | ​ | ​ | (652)
Balance as of September 30, 2025 | ​ | $ | 265,093 | ​ | ​ | 71,702 | ​ | ​ | 48,640 | ​ | ​ | 385,435
​ Intangible assets consisted of the following (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | June 30, 2025 | ​ | September 30, 2025
​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Gross | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying | ​ | Accumulated | ​ | Intangibles | ​ | Carrying | ​ | Accumulated | ​ | Intangibles
​ |  | Value |  | Amortization |  | Net |  | Value |  | Amortization |  | Net
Amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Software development costs | ​ | $ | 91,386 | ​ | $ | (8,941) | ​ | $ | 82,445 | ​ | $ | 95,553 | ​ | $ | (9,594) | ​ | $ | 85,959
Patents | ​ | ​ | 9,617 | ​ | ​ | (4,353) | ​ | ​ | 5,264 | ​ | ​ | 9,576 | ​ | ​ | (4,321) | ​ | ​ | 5,255
Developed technology | ​ | ​ | 99,937 | ​ | ​ | (55,865) | ​ | ​ | 44,072 | ​ | ​ | 100,013 | ​ | ​ | (58,586) | ​ | ​ | 41,427
Customer relationships | ​ | ​ | 20,991 | ​ | ​ | (9,380) | ​ | ​ | 11,611 | ​ | ​ | 18,403 | ​ | ​ | (8,044) | ​ | ​ | 10,359
Total amortizable assets | ​ |  | 221,931 | ​ | ​ | (78,539) | ​ | ​ | 143,392 | ​ | ​ | 223,545 | ​ | ​ | (80,545) | ​ | ​ | 143,000
Non-amortizable assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Trademarks | ​ |  | 39,898 | ​ | ​ | — | ​ | ​ | 39,898 | ​ | ​ | 39,894 | ​ | ​ | — | ​ | ​ | 39,894
Total intangible assets | ​ | $ | 261,829 | ​ | $ | (78,539) | ​ | $ | 183,290 | ​ | $ | 263,439 | ​ | $ | (80,545) | ​ | $ | 182,894
​ Amortization expense related to intangible assets was $4.8 million and $4.9 million for the three months ended September 30, 2024 and 2025, respectively. ​ At September 30, 2025, the estimated future amortization expense for amortizable intangible assets was as follows (in thousands): ​ Fiscal Year ​
​ | ​ | ​ | ​
2026 (remaining 9 months) |  | $ | 13,103
2027 | ​ |  | 14,817
2028 | ​ |  | 14,586
2029 | ​ |  | 14,318
2030 | ​ | ​ | 13,092
Thereafter | ​ |  | 73,084
Total | ​ | $ | 143,000
​ 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 each of the three month periods ended September 30, 2024 and 2025, we capitalized software development costs of $4.2 million.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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