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Goodwill and Intangible Assets | 12 Months Ended
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Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets |
10. Goodwill and Intangible Assets | The changes in the carrying amount of goodwill are as follows (in thousands):
Balance at June 30, 2016 |  | $ | — |
Goodwill from Western State Design Acquisition |  |  | 22,139 |
Goodwill from Martin-Ray Acquisition |  |  | 2,614 |
Balance at June 30, 2017 |  |  | 24,753 |
Goodwill from Tri-State Acquisition |  |  | 4,974 |
Goodwill from AA Acquisition |  |  | 7,334 |
Balance at June 30, 2018 |  | $ | 37,061 |
Customer-related intangibles, tradenames and other intangible assets as of June 30, 2018 and 2017 consisted of the following (in thousands):
June 30, |  | Estimated Useful Lives (in years) |  |  | 2018 |  |  | 2017 |
Customer-related intangibles |  |  | 10 |  |  | $ | 10,380 |  |  | $ | 4,180 |
Tradenames |  |  | Indefinite |  |  |  | 6,055 |  |  |  | 2,755 |
Covenants not to compete |  |  | 5 |  |  |  | 566 |  |  |  | 543 |
License agreements |  |  | 10 |  |  |  | 529 |  |  |  | 529 |
Trademarks and patents |  |  | 10-15 |  |  |  | 176 |  |  |  | 226 |
|  |  |  |  |  |  | 17,706 |  |  |  | 8,233 |
Accumulated amortization |  |  |  |  |  |  | (1,931 | ) |  |  | (1,073 | )
|  |  |  |  |  | $ | 15,775 |  |  | $ | 7,160 |
Amortization expense was approximately $858,000 in fiscal 2018 and $345,000 in fiscal 2017. Based on the carrying amount of intangible assets as of June 30, 2018, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year in the five-year period ending June 30, 2023 and thereafter is as follows (in thousands):
Fiscal years ending June 30, |  |  |
2019 |  | $ | 1,153 |
2020 |  |  | 1,153 |
2021 |  |  | 1,147 |
2022 |  |  | 1,081 |
2023 |  |  | 1,038 |
Thereafter |  |  | 4,148 |
Total |  | $ | 9,720

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- 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
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