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Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
12 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:
(in thousands)
Industrial
 
Widia
 
Infrastructure
 
Total
Gross goodwill
$
408,705

 
$
40,624

 
$
633,211

 
$
1,082,540

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2016
$
271,501

 
$
26,986

 
$

 
$
298,487

 
 
 
 
 
 
 
 
Activity for 2017:
 
 
 
 
 
 
 
Change in gross goodwill due to translation
1,989

 
891

 

 
2,880

 
 
 
 
 
 
 
 
Gross goodwill
410,694

 
41,515

 
633,211

 
1,085,420

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2017
$
273,490

 
$
27,877

 
$

 
$
301,367

 
 
 
 
 
 
 
 
Activity for 2018:
 
 
 
 
 
 
 
Change in gross goodwill due to translation
764

 
(329
)
 

 
435

 
 
 
 
 
 
 
 
Gross goodwill
411,458

 
41,186

 
633,211

 
1,085,855

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2018
$
274,254

 
$
27,548

 
$

 
$
301,802


The components of our other intangible assets were as follows: 
 
Estimated
Useful Life
(in years)
 
June 30, 2018
 
 
June 30, 2017
(in thousands)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
Contract-based
3 to 15
 
$
7,061

 
$
(7,036
)
 
 
$
7,064

 
$
(7,014
)
Technology-based and other
4 to 20
 
46,666

 
(30,923
)
 
 
46,461

 
(29,061
)
Customer-related
10 to 21
 
206,162

 
(85,301
)
 
 
205,502

 
(74,669
)
Unpatented technology
10 to 30
 
31,854

 
(13,096
)
 
 
31,754

 
(10,589
)
Trademarks
5 to 20
 
12,450

 
(8,978
)
 
 
12,401

 
(8,648
)
Trademarks
Indefinite
 
17,609

 

 
 
17,326

 

Total
 
 
$
321,802

 
$
(145,334
)
 
 
$
320,508

 
$
(129,981
)

Amortization expense for intangible assets was $14.7 million, $16.6 million and $20.8 million for 2018, 2017 and 2016, respectively. Estimated amortization expense for 2019 through 2023 is $14.1 million, $13.9 million, $13.5 million, $13.1 million, and $12.9 million, respectively.