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Intangible Assets Including Goodwill (Notes)
3 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Including Goodwill Intangible Assets Including Goodwill
Goodwill
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, 2019
$
24,830

 
$
30,829

 
$
16,736

 
$
20,973

 
$
93,368

Translation adjustment(1)
(13
)
 

 
(53
)
 
(2
)
 
(68
)
Net balance at September 30, 2019
$
24,817

 
$
30,829

 
$
16,683

 
$
20,971

 
$
93,300

 
 
 
 
 
(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.
The Company tests its goodwill for impairment annually in May. The Company did not note any impairment indicators as of September 30, 2019. However, if our market view of project opportunities or gross margins deteriorates, then an interim goodwill impairment test will be performed, which could result in the recognition of an impairment to goodwill.
Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
At September 30, 2019
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
10 to 15
 
$
2,579

 
$
(1,823
)
 
$
756

Customer-based
6 to 15
 
38,525

 
(20,773
)
 
17,752

Non-compete agreements
4
 
1,453

 
(1,445
)
 
8

Total amortizing intangible assets
 
 
$
42,557

 
$
(24,041
)
 
$
18,516

 
 
 
 
At June 30, 2019
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
10 to 15
 
$
2,579

 
$
(1,779
)
 
$
800

Customer-based
6 to 15
 
38,572

 
(19,915
)
 
18,657

Non-compete agreements
4
 
1,453

 
(1,438
)
 
15

Total amortizing intangible assets
 
 
$
42,604

 
$
(23,132
)
 
$
19,472



Amortization expense totaled $0.9 million and $0.8 million during the three months ended September 30, 2019 and September 30, 2018, respectively.

We estimate that the remaining amortization expense related to September 30, 2019 amortizing intangible assets will be as follows (in thousands):
Period ending:
 
Remainder of Fiscal 2020
$
2,819

Fiscal 2021
3,743

Fiscal 2022
2,899

Fiscal 2023
2,447

Fiscal 2024
2,134

Fiscal 2025
1,739

Thereafter
2,735

Total estimated remaining amortization expense at September 30, 2019
$
18,516