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Goodwill and Other Intangible Assets | 6 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Widia Impairment Charge In the December quarter of fiscal 2020, the Company experienced deteriorating market conditions, primarily in general engineering and transportation applications in India and China, in addition to overall global weakness in the manufacturing sector. In view of these declining conditions and the significant detrimental effect on cash flows and actual and projected revenue and earnings compared with our most recent annual impairment test, we determined that an impairment triggering event had occurred and performed an interim quantitative impairment test of our goodwill, indefinite-lived trademark intangible asset and other long-lived assets of our Widia reporting unit. We evaluated the recoverability of goodwill for the reporting unit by comparing the fair value with its carrying value, with the fair values determined using a combination of a discounted cash flow analysis and market multiples based upon historical and projected financial information. As a result of this test, we recorded a non-cash pre-tax impairment charge during the three months ended December 31, 2019 of $14.6 million in the Widia segment, of which $13.1 million was for goodwill and $1.5 million was for an indefinite-lived trademark intangible asset. These impairment charges are recorded in restructuring and asset impairment charges in our condensed consolidated statements of income. No impairment was recorded for the other Widia long-lived assets. Divestiture Impact on Other Intangible Assets During the three months ended December 31, 2019, we completed the sale of certain assets of the non-core specialty alloys and metals business within the Infrastructure segment, see Note 4. As a result of this transaction, other intangibles decreased by $12.5 million in our Infrastructure segment. This decrease was recorded in the loss on divestiture account in our condensed consolidated statements of income. 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 six months ended December 31, 2019: |  |  |  |  |  |  |
Change in gross goodwill due to translation | (849 | ) |  | (202 | ) |  | — |  |  | (1,051 | )
Impairment charges | — |  |  | (13,134 | ) |  | — |  |  | (13,134 | )
Gross goodwill | 409,063 |  |  | 40,739 |  |  | 633,211 |  |  | 1,083,013 |
Accumulated impairment losses | (137,204 | ) |  | (26,772 | ) |  | (633,211 | ) |  | (797,187 | )
Balance as of December 31, 2019 | $ | 271,859 |  |  | $ | 13,967 |  |  | $ | — |  |  | $ | 285,826 |
The components of our other intangible assets were as follows:
| Estimated Useful Life (in years) |  | December 31, 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 |  | 32,684 |  |  | (22,139 | ) |  |  | 46,228 |  |  | (31,890 | )
Customer-related | 10 to 21 |  | 181,962 |  |  | (83,923 | ) |  |  | 205,213 |  |  | (94,711 | )
Unpatented technology | 10 to 30 |  | 31,649 |  |  | (16,696 | ) |  |  | 31,702 |  |  | (15,492 | )
Trademarks | 5 to 20 |  | 13,074 |  |  | (8,206 | ) |  |  | 14,755 |  |  | (9,352 | )
Trademarks | Indefinite |  | 12,993 |  |  | — |  |  |  | 14,545 |  |  | — |
Total |  |  | $ | 272,362 |  |  | $ | (130,964 | ) |  |  | $ | 319,505 |  |  | $ | (158,507 | )

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