XML 62 R23.htm IDEA: XBRL DOCUMENT v3.19.3
Goodwill and Other Intangible Assets
3 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [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 carrying amounts, is as follows:
(in thousands)
Industrial
 
Widia
 
Infrastructure
 
Total
Gross goodwill
$
409,912

 
$
40,941

 
$
633,211

 
$
1,084,064

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2019
$
272,708

 
$
27,303

 
$

 
$
300,011

 
 
 
 
 
 
 
 
Activity for the three months ended September 30, 2019:
 
 
 
 
 
 
 
Change in gross goodwill due to translation
(5,170
)
 
(257
)
 

 
(5,427
)
 
 
 
 
 
 
 
 
Gross goodwill
404,742

 
40,684

 
633,211

 
1,078,637

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of September 30, 2019
$
267,538

 
$
27,046

 
$

 
$
294,584


The components of our other intangible assets were as follows:
 
Estimated
Useful Life
(in years)
 
September 30, 2019
June 30, 2019
(in thousands)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
Contract-based
3 to 15
 

 

 
 
7,062

 
(7,062
)
Technology-based and other
4 to 20
 
45,992

 
(32,085
)
 
 
46,228

 
(31,890
)
Customer-related
10 to 21
 
203,871

 
(96,154
)
 
 
205,213

 
(94,711
)
Unpatented technology
10 to 30
 
31,549

 
(15,972
)
 
 
31,702

 
(15,492
)
Trademarks
5 to 20
 
14,695

 
(9,577
)
 
 
14,755

 
(9,352
)
Trademarks
Indefinite
 
14,389

 

 
 
14,545

 

Total
 
 
$
310,496

 
$
(153,788
)
 
 
$
319,505

 
$
(158,507
)