XML 29 R13.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Identifiable Intangible Assets | 12 Months Ended
--- | ---
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Identifiable Intangible Assets | Goodwill and Other Identifiable Intangible Assets In accordance with ASC 350, Intangibles - Goodwill and Other Intangible Assets, the Company performs its annual goodwill impairment test during the fourth quarter of each fiscal year, or whenever indicators of impairment are present. The reporting units utilized for goodwill impairment tests align directly with our operating segments, Worldwide Barcode, Networking & Security and Worldwide Communications & Services. The testing includes the determination of each reporting unit's fair value using a discounted cash flows model compared to each reporting unit's carrying value. Key assumptions used in determining fair value include projected growth and operating margin, working capital requirements and discount rates. During fiscal years ended June 30, 2018, 2017 and 2016, no impairment charges related to goodwill were recorded. Changes in the carrying amount of goodwill for the years ended June 30, 2018 and 2017, by reportable segment, are set forth in the table below. Additions to goodwill for fiscal years 2018 and 2017 are due to the acquisitions of POS Portal and Intelisys, respectively.
| Worldwide Barcode, Networking & Security Segment |  | Worldwide Communications & Services Segment |  | Total
| (in thousands)
Balance at June 30, 2016 | $ | 36,434 |  |  | $ | 56,281 |  |  | $ | 92,715 |
Additions | — |  |  | 109,005 |  |  | 109,005 |
Unrealized loss on foreign currency translation | (174 | ) |  | (665 | ) |  | (839 | )
Balance at June 30, 2017 | $ | 36,260 |  |  | $ | 164,621 |  |  | $ | 200,881 |
Additions | 101,198 |  |  | — |  |  | 101,198 |
Unrealized loss on foreign currency translation | (244 | ) |  | (3,661 | ) |  | (3,905 | )
Balance at June 30, 2018 | $ | 137,214 |  |  | $ | 160,960 |  |  | $ | 298,174 |
The following table shows the Company’s identifiable intangible assets as of June 30, 2018 and 2017, respectively.
| June 30, 2018 |  | June 30, 2017
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
| (in thousands)
Amortized intangible assets: |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 139,479 |  |  | $ | 40,337 |  |  | $ | 99,142 |  |  | $ | 110,691 |  |  | $ | 27,977 |  |  | $ | 82,714 |
Trade names | 27,123 |  |  | 12,224 |  |  | 14,899 |  |  | 23,256 |  |  | 8,691 |  |  | 14,565 |
Non-compete agreements | 3,064 |  |  | 1,221 |  |  | 1,843 |  |  | 1,160 |  |  | 608 |  |  | 552 |
Distributor agreements | 363 |  |  | 188 |  |  | 175 |  |  | 355 |  |  | 158 |  |  | 197 |
Supplier partner program | 3,583 |  |  | 456 |  |  | 3,127 |  |  | 3,583 |  |  | 98 |  |  | 3,485 |
Encryption key library | 19,900 |  |  | 2,280 |  |  | 17,620 |  |  | — |  |  | — |  |  | — |
Total intangibles | $ | 193,512 |  |  | $ | 56,706 |  |  | $ | 136,806 |  |  | $ | 139,045 |  |  | $ | 37,532 |  |  | $ | 101,513 |
During fiscal year 2018, the Company acquired customer relationships, trade names, intellectual property, non-compete agreements and an encryption key library related to the acquisition of POS Portal. The weighted-average amortization period for all intangible assets was approximately 10 years for years ended June 30, 2018, 2017 and 2016, respectively. Amortization expense for the years ended June 30, 2018, 2017 and 2016 was $20.7 million, $15.5 million and $9.8 million, respectively, all of which relates to selling, general and administrative costs, not the cost of selling goods, and has been presented as such in the accompanying Consolidated Income Statements. Estimated future amortization expense is as follows:
| Amortization Expense
| (in thousands)
Year Ended June 30, |
2019 | $ | 18,920 |
2020 | 18,308 |
2021 | 18,200 |
2022 | 16,564 |
2023 | 15,591 |
Thereafter | 49,223 |
Total | $ | 136,806 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration