XML 35 R21.htm IDEA: XBRL DOCUMENT v3.7.0.1
Intangible Assets Including Goodwill (Tables)
 9 Months Ended
Mar. 31, 2017
Finite-Lived Intangible Assets [Line Items]  
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
 
Total
 
(In thousands)
Net balance at June 30, 2016
$
42,170

 
$
14,008

 
$
16,681

 
$
5,434

 
$
78,293

Purchase of Houston Interests (Note 2)
—

 
28,739

 
—

 
6,309

 
35,048

Purchase price adjustment for BTE (Note 2)
—

 
—

 
88

 
—

 
88

Translation adjustment (1)
(175
)
 
—

 
(39
)
 
(33
)
 
(247
)
Net balance at March 31, 2017
$
41,995

 
$
42,747

 
$
16,730

 
$
11,710

 
$
113,182

(1)
The translation adjustments relate to the periodic translation of Canadian Dollar and South Korean Won denominated goodwill recorded as a part of prior acquisitions in Canada and South Korea, in which the local currency was determined to be the functional currency.
Carrying Value of Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
At March 31, 2017
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,380
)
 
$
1,199

Customer-based
1 to 15
 
38,094

 
(12,209
)
 
25,885

Non-compete agreements
4 to 5
 
1,453

 
(1,245
)
 
208

Trade names
1 to 3
 
1,795

 
(1,306
)
 
489

Total amortizing intangible assets
 
 
$
43,921

 
$
(16,140
)
 
$
27,781

 
 
 
 
At June 30, 2016
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,246
)
 
$
1,333

Customer-based
1.5 to 15
 
28,179

 
(9,655
)
 
18,524

Non-compete agreements
4 to 5
 
1,453

 
(1,102
)
 
351

Trade names
3 to 5
 
1,615

 
(824
)
 
791

Total amortizing intangible assets
 
 
$
33,826

 
$
(12,827
)
 
$
20,999
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Period ending:
 
Remainder of Fiscal 2017
$
1,543

Fiscal 2018
4,728

Fiscal 2019
3,487

Fiscal 2020
3,477

Fiscal 2021
3,459

Fiscal 2022
2,616

Thereafter
8,471

Total estimated remaining amortization expense at March 31, 2017
$
27,781