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Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill Disclosure | As of June 30, 2024, $271.6 million of goodwill was allocated to the Metal Cutting reporting unit. We completed annual tests of goodwill impairment and recorded no impairments during 2024, 2023 or 2022 for our Metal Cutting reporting unit. We can use a qualitative test, known as "Step 0," or a quantitative method to determine whether impairment has occurred. In 2024, we elected to implement Step 0 and were not required to conduct the quantitative analysis. In 2023 and 2022, we performed quantitative analyses using a combination of a discounted cash flow analysis and market multiples based upon historical and projected financial information. In 2024, the Company completed a business combination for total consideration of approximately $6.5 million. Goodwill of approximately $3.8 million was recorded in the Metal Cutting segment as a result of the acquisition. A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:
(in thousands) | Metal Cutting |  | Infrastructure |  | Total
Gross goodwill | $ | 441,891 |  |  | $ | 633,211 |  |  | $ | 1,075,102 |
Accumulated impairment losses | (177,661) |  |  | (633,211) |  |  | (810,872) |
Balance as of June 30, 2022 | $ | 264,230 |  |  | $ | — |  |  | $ | 264,230 |
Activity for the year ended June 30, 2023: |  |  |  |  |
Change in gross goodwill due to translation | 5,321 |  |  | — |  |  | 5,321 |
Gross goodwill | 447,212 |  |  | 633,211 |  |  | 1,080,423 |
Accumulated impairment losses | (177,661) |  |  | (633,211) |  |  | (810,872) |
Balance as of June 30, 2023 | $ | 269,551 |  |  | $ | — |  |  | $ | 269,551 |
Activity for the year ended June 30, 2024: |  |  |  |  |
Acquisition | 3,800 |  |  | — |  |  | 3,800 |
Change in gross goodwill due to translation | (1,784) |  |  | — |  |  | (1,784) |
Gross goodwill | 449,228 |  |  | 633,211 |  |  | 1,082,439 |
Accumulated impairment losses | (177,661) |  |  | (633,211) |  |  | (810,872) |
Balance as of June 30, 2024 | $ | 271,567 |  |  | $ | — |  |  | $ | 271,567 |
During 2024, the Company determined that certain trademarks were no longer considered indefinite-lived and commenced amortization. The components of our other intangible assets were as follows:
| Estimated Useful Life (in years) |  | June 30, 2024 |  |  | June 30, 2023
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  |  | Gross Carrying Amount |  | Accumulated Amortization
Technology-based and other | 4 to 20 |  | $ | 31,715 |  |  | $ | (24,476) |  |  |  | $ | 31,872 |  |  | $ | (23,838) |
Customer-related | 10 to 21 |  | 179,529 |  |  | (120,091) |  |  |  | 179,889 |  |  | (112,890) |
Unpatented technology | 10 to 30 |  | 31,485 |  |  | (27,130) |  |  |  | 31,487 |  |  | (25,177) |
Trademarks | 5 to 20 |  | 23,044 |  |  | (12,655) |  |  |  | 12,426 |  |  | (11,441) |
Trademarks | Indefinite |  | — |  |  | — |  |  |  | 10,836 |  |  | — |
Total |  |  | $ | 265,773 |  |  | $ | (184,352) |  |  |  | $ | 266,510 |  |  | $ | (173,346) |
Amortization expense for intangible assets was $11.6 million, $12.6 million and $13.0 million for 2024, 2023 and 2022, respectively. Estimated amortization expense for 2025 through 2029 is $10.6 million, $10.3 million, $8.8 million, $7.8 million, and $7.7 million, respectively.

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