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Intangible Assets Including Goodwill (Tables)
 9 Months Ended
Mar. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Value of Goodwill by Segment
The changes in the carrying value of goodwill by segment are as follows:
 
 
Electrical
Infrastructure
 
Oil Gas &
Chemical
 
Storage
Solutions
 
Industrial
 
Unallocated
 
Total
 
(In thousands)
Goodwill
$
29,666

 
$
8,088

 
$
10,985

 
$
7,097

 
$
—

 
$
55,836

Cumulative impairment loss (A)
(17,653
)
 
(3,000
)
 
(922
)
 
(3,425
)
 
—

 
(25,000
)
Net balance at June 30, 2013
12,013

 
5,088

 
10,063

 
3,672

 
—

 
30,836

Acquisition of Matrix NAC (B)
—

 
—

 
—

 
—

 
36,176

 
36,176

Translation adjustment (C)
—

 
—

 
(123
)
 
—

 
(300
)
 
(423
)
Net balance at March 31, 2014
$
12,013

 
$
5,088

 
$
9,940

 
$
3,672

 
$
35,876

 
$
66,589

 
(A)
A $25.0 million impairment charge was recorded in February 2005 as a result of the Company’s operating performance in fiscal 2005.
(B)
The unallocated portion of goodwill relates to the acquisition of Matrix NAC. We are currently assessing the impact of the acquisition on our reporting units and expect to have the analysis complete in the fourth quarter of fiscal 2014. The acquisition is discussed further in Note 2 - Acquisitions.
(C)
The translation adjustment relates to the periodic translation of Canadian Dollar denominated goodwill recorded as a part of prior Canadian acquisitions.
Carrying Value of Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
 
At March 31, 2014
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(879
)
 
$
1,581

Customer based
1 to 15
 
27,513

 
(1,893
)
 
25,620

Non-compete agreements
3 to 5
 
1,353

 
(439
)
 
914

Trade Name
5
 
165

 
(25
)
 
140

Total amortizing intangibles
 
 
31,491

 
(3,236
)
 
28,255

Trade name
Indefinite     
 
1,450

 
—

 
1,450

Total intangible assets
 
 
$
32,941

 
$
(3,236
)
 
$
29,705

 
 
 
 
At June 30, 2013
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(753
)
 
$
1,707

Customer based
1 to 15
 
4,250

 
(542
)
 
3,708

Non-compete agreements
3 to 5
 
808

 
(287
)
 
521

Trade Name
5
 
165

 
—

 
165

Total amortizing intangibles
 
 
7,683

 
(1,582
)
 
6,101

Trade name
Indefinite     
 
1,450

 
—

 
1,450

Total intangible assets
 
 
$
9,133

 
$
(1,582
)
 
$
7,551