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Goodwill and Intangible Assets | 12 Months Ended
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Jun. 30, 2019
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, 2017 |  | $ | 24,753 |
Goodwill from TRS Acquisition |  |  | 4,974 |
Goodwill from AA Acquisition |  |  | 7,334 |
Balance at June 30, 2018 |  |  | 37,061 |
Goodwill from SEI Acquisition |  |  | 6,350 |
Goodwill from PAC Acquisition |  |  | 6,660 |
Goodwill from other acquisitions (as described in Note 3) |  |  | 4,430 |
Balance at June 30, 2019 |  | $ | 54,501 |
Customer-related intangibles, tradenames and other intangible assets as of June 30, 2019 and 2018 consisted of the following (dollars in thousands):
June 30, |  | Estimated Useful Lives (in years) |  | 2019 |  | 2018
Customer-related intangibles |  |  | 8-10 |  |  | $ | 15,340 |  |  | $ | 10,380 |
Tradenames |  |  | Indefinite |  |  |  | 9,145 |  |  |  | 6,055 |
Covenants not to compete |  |  | 5 |  |  |  | 566 |  |  |  | 566 |
License agreements |  |  | 10 |  |  |  | 529 |  |  |  | 529 |
Trademarks and patents |  |  | 10-15 |  |  |  | 176 |  |  |  | 176 |
|  |  |  |  |  |  | 25,756 |  |  |  | 17,706 |
Accumulated amortization |  |  |  |  |  |  | (3,405 | ) |  |  | (1,931 | )
|  |  |  |  |  | $ | 22,351 |  |  | $ | 15,775 |
Amortization expense was approximately $1.5 million in fiscal 2019 and $858,000 in fiscal 2018. Weighted average remaining estimated useful lives for customer-related intangibles, covenants not to compete, license agreements, and trademarks and patents were 8.4 years, 2.4 years, 0 years and 1.0 years, respectively. Based on the carrying amount of intangible assets as of June 30, 2019, 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, 2024 and thereafter is as follows (in thousands):
Fiscal years ending June 30, |  |
2020 |  | $ | 1,665 |
2021 |  |  | 1,659 |
2022 |  |  | 1,593 |
2023 |  |  | 1,550 |
2024 |  |  | 1,550 |
Thereafter |  |  | 5,189 |
Total |  | $ | 13,206 |

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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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