Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in the carrying amount of goodwill by segment are as follows:


	Utility and Power Infrastructure		Process and Industrial Facilities		Storage and Terminal Solutions		Total
	(In thousands)
Net balance at June 30, 2018	$	31,848	$	37,612	$	26,702	$	96,162
Disposal of business (1)	—		(2,775)		—		(2,775)
Translation adjustment (2)	(8)		5		(16)		(19)
Net balance at June 30, 2019	31,840		34,842		26,686		93,368
Goodwill impairment	(24,900)		(7,981)		—		(32,881)
Translation adjustment (2)	(35)		(15)		(68)		(118)
Net balance at June 30, 2020	6,905		26,846		26,618		60,369

Translation adjustment(2)	79		32		156		267
Net balance at June 30, 2021	$	6,984	$	26,878	$	26,774	$	60,636

(1)In August 2018, we disposed of a business that marketed process heating equipment. See Note 3 - Acquisitions and Disposals for more information about the disposal. The business disposed of constituted its own reporting unit and the amount of goodwill written off was all of the goodwill assigned to that reporting unit. None of the goodwill was considered impaired since we recorded a gain on the disposal.

(2)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 June 30, 2021
	Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Years)	(In thousands)
Intellectual property	10 to 15	$	2,483	$	(2,031)	$	452
Customer based	6 to 15	17,354		(11,192)		6,162


Total other intangible assets		$	19,837	$	(13,223)	$	6,614


		At June 30, 2020
	Useful Life	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
	(Years)	(In thousands)
Intellectual property	10 to 15	$	2,579	$	(1,956)	$	623
Customer based	6 to 15	21,840		(13,626)		8,214


Total other intangible assets		$	24,419	$	(15,582)	$	8,837

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

We estimate that future amortization of other intangible assets will be as follows (in thousands):


For year ending:
June 30, 2022	$	1,819
June 30, 2023	1,729
June 30, 2024	1,415
June 30, 2025	1,096
June 30, 2026	555

Total estimated amortization expense	$	6,614