XML 34 R24.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Goodwill and Other Intangible Assets | 6 Months Ended
--- | ---
Dec. 31, 2024
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, is as follows:
(in thousands) | Metal Cutting |  | Infrastructure |  | Total
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 six months ended December 31, 2024: |  |  |  |  |
Change in gross goodwill due to translation | (2,771) |  |  | — |  |  | (2,771) |
Gross goodwill | 446,457 |  |  | 633,211 |  |  | 1,079,668 |
Accumulated impairment losses | (177,661) |  |  | (633,211) |  |  | (810,872) |
Balance as of December 31, 2024 | $ | 268,796 |  |  | $ | — |  |  | $ | 268,796 |
The components of our other intangible assets were as follows:
| Estimated Useful Life (in years) |  | December 31, 2024 | June 30, 2024
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  |  | Gross Carrying Amount |  | Accumulated Amortization
Technology-based and other | 4 to 20 |  | $ | 31,492 |  |  | $ | (24,626) |  |  |  | $ | 31,715 |  |  | $ | (24,476) |
Customer-related | 10 to 21 |  | 178,883 |  |  | (123,088) |  |  |  | 179,529 |  |  | (120,091) |
Unpatented technology | 10 to 30 |  | 31,467 |  |  | (27,968) |  |  |  | 31,485 |  |  | (27,130) |
Trademarks | 5 to 20 |  | 22,677 |  |  | (13,122) |  |  |  | 23,044 |  |  | (12,655) |
Total |  |  | $ | 264,519 |  |  | $ | (188,804) |  |  |  | $ | 265,773 |  |  | $ | (184,352) |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration