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Note 8 - Goodwill

9 Months Ended

Mar. 31, 2021

Notes to Financial Statements

Goodwill Disclosure [Text Block]

8) Goodwill

In connection with the divestiture of Enginetics, the Company determined that, based on the net realizable value of the operations divested, the goodwill of the Engineering Technologies reporting unit was impaired. As such, the Company recognized $7.6 million in impairment charges during the third quarter of fiscal year 2021.

As a result of the Enginetics divestiture, the Company completed an interim goodwill impairment assessment for its other reporting units. As a result of the assessment in the third quarter, the Company determined that there were no indications of impairment, therefore, no additional impairment charges were recorded.

Changes to goodwill during the period were as follows (in thousands):

		June 30, 2020				Acquisitions				Impairments				Translation Adjustment				March 31, 2021
Electronics		$	131,582			$	13,991			$	-			$	(740	)		$	144,833
Engraving			77,195				-				-				63				77,258
Scientific			15,454				-				-				-				15,454
Engineering Technologies			43,685				-				(7,600	)			967				37,052
Specialty Solutions			3,305				-				-				-				3,305
Total		$	271,221			$	13,991			$	(7,600	)		$	290			$	277,902