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Note 7 - Goodwill

9 Months Ended

Mar. 31, 2020

7) Goodwill

Changes to goodwill during the period ended March 31, 2020 were as follows (in thousands):

	*June 30, 2019*		*Discontinued Operations*			*Continuing Ops June 30, 2019*		*Acquisitions*			*Translation Adjustment*			*March 31, 2020*
Electronics		131,317					131,317		820			(894	)	$	131,243
Engraving	$	79,776				$	79,776	$	(3,295	)	$	(232	)	$	76,249
Engineering Technologies		43,890					43,890		-			(198	)	$	43,692
Hydraulics		3,059					3,059		-			-		$	3,059
Food Service Equipment		23,461		(7,660	)		15,801		-			-		$	15,801
Total	$	281,503	$	(7,660	)	$	273,843	$	(2,475	)	$	(1,324	)	$	270,044

Due to the impact that the COVID-19 pandemic has on the Company’s projected operating results, cash flow, and market capitalization, the Company completed an interim goodwill impairment assessment of its reporting units. As a result of the step one analysis in the third quarter, the Company determined that the fair value of its reporting units, with the exception of RSG, substantially exceeded their respective carrying values. Therefore, no additional impairment charges were recorded in connection with the third quarter 2020 assessment.