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Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets | 12 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill Disclosure | As of June 30, 2025, goodwill of $282.7 million was allocated to the Metal Cutting reporting unit. We completed annual tests of goodwill impairment and recorded no impairments during 2025, 2024 or 2023 for our Metal Cutting reporting unit. 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 | $ | 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 |
Activity for the year ended June 30, 2025: |  |  |  |  |
Change in gross goodwill due to translation | 11,159 |  |  | — |  |  | 11,159 |
Gross goodwill | 460,387 |  |  | 633,211 |  |  | 1,093,598 |
Accumulated impairment losses | (177,661) |  |  | (633,211) |  |  | (810,872) |
Balance as of June 30, 2025 | $ | 282,726 |  |  | $ | — |  |  | $ | 282,726 |
The components of our other intangible assets were as follows:
| Estimated Useful Life (in years) |  | June 30, 2025 |  |  | June 30, 2024
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  |  | Gross Carrying Amount |  | Accumulated Amortization
Technology-based and other | 4 to 20 |  | $ | 32,699 |  |  | $ | (26,243) |  |  |  | $ | 31,715 |  |  | $ | (24,476) |
Customer-related | 10 to 21 |  | 159,722 |  |  | (111,184) |  |  |  | 179,529 |  |  | (120,091) |
Unpatented technology | 10 to 30 |  | 26,373 |  |  | (24,281) |  |  |  | 31,485 |  |  | (27,130) |
Trademarks | 5 to 20 |  | 23,917 |  |  | (13,793) |  |  |  | 23,044 |  |  | (12,655) |
Total |  |  | $ | 242,711 |  |  | $ | (175,501) |  |  |  | $ | 265,773 |  |  | $ | (184,352) |
Amortization expense for intangible assets was $10.8 million, $11.6 million and $12.6 million for 2025, 2024 and 2023, respectively. Estimated amortization expense for 2026 through 2030 is $10.6 million, $9.1 million, $8.0 million, $7.9 million and $7.9 million, respectively.

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