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Goodwill and Other Intangible Assets
6 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
During the three months ended December 31, 2023, the Company completed an immaterial business combination for total consideration of approximately $6.5 million. Goodwill of approximately $3.6 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 carrying amounts, is as follows:
(in thousands)Metal CuttingInfrastructureTotal
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 six months ended December 31, 2023:
Acquisition3,639 — 3,639 
Change in gross goodwill due to translation2,726 — 2,726 
Gross goodwill453,577 633,211 1,086,788 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of December 31, 2023
$275,916 $— $275,916 
The components of our other intangible assets were as follows:
 Estimated
Useful Life
(in years)
December 31, 2023June 30, 2023
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Technology-based and other
4 to 20
$32,038 $(24,411)$31,872 $(23,838)
Customer-related
10 to 21
180,414 (117,181)179,889 (112,890)
Unpatented technology
10 to 30
31,571 (26,344)31,487 (25,177)
Trademarks
5 to 20
12,457 (11,927)12,426 (11,441)
TrademarksIndefinite10,981 — 10,836 — 
Total$267,461 $(179,863)$266,510 $(173,346)