XML 34 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets Including Goodwill (Tables)
 3 Months Ended
Sep. 30, 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, 2017
$
42,152

 
$
33,604

 
$
16,764

 
$
20,981

 
$
113,501

Translation adjustment (1)
234

 
—

 
81

 
44

 
359

Net balance at September 30, 2017
$
42,386

 
$
33,604

 
$
16,845

 
$
21,025

 
$
113,860

(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 September 30, 2017
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,469
)
 
$
1,110

Customer-based
1 to 15
 
38,376

 
(14,913
)
 
23,463

Non-compete agreements
4 to 5
 
1,453

 
(1,352
)
 
101

Trade names
1 to 3
 
1,630

 
(1,473
)
 
157

Total amortizing intangible assets
 
 
$
44,038

 
$
(19,207
)
 
$
24,831

 
 
 
 
At June 30, 2017
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,425
)
 
$
1,154

Customer-based
1 to 15
 
38,207

 
(13,543
)
 
24,664

Non-compete agreements
4 to 5
 
1,453

 
(1,298
)
 
155

Trade names
1 to 3
 
1,630

 
(1,307
)
 
323

Total amortizing intangible assets
 
 
$
43,869

 
$
(17,573
)
 
$
26,296
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Period ending:
 
Remainder of Fiscal 2018
$
4,092

Fiscal 2019
3,522

Fiscal 2020
3,505

Fiscal 2021
3,445

Fiscal 2022
2,337

Fiscal 2023
2,045

Thereafter
5,885

Total estimated remaining amortization expense at September 30, 2017
$
24,831