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Goodwill and Other Intangible Assets | 6 Months Ended
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Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | 8. Goodwill and Other Intangible Assets The Company’s investment management and real estate segments include identifiable intangible assets acquired through acquisitions in prior years. In connection with the acquisition of the durable medical equipment businesses, the Company has also recognized goodwill and identifiable intangible assets associated with the tradenames and non-compete agreements. The Company’s annual impairment assessment date for goodwill and other intangible assets is April 1. Goodwill of $50.0 million presented on the condensed consolidated balance sheet consists only of the goodwill acquired as part of the acquisitions of the durable medical equipment businesses in September 2018 and June 2019. The changes in the carrying value of goodwill are as follows:
|  | For the six months ended December 31, |
|  | 2020 |  |  | 2019 |
(in thousands) |  |  |  |  |  |  |  |
Beginning balance |  | $ | 50,010 |  |  | $ | 50,397 |
Purchase accounting adjustment |  |  | - |  |  |  | 36 |
Ending balance |  | $ | 50,010 |  |  | $ | 50,433 |
The following tables provide details associated with the Company’s identifiable intangible assets subject to amortization (dollar amounts in thousands):
|  | As of December 31, 2020 |  |  | As of June 30, 2020 |
(in thousands) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Durable Medical Equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Tradename |  | $ | 8,800 |  |  | $ | (2,053 | ) |  | $ | 6,747 |  |  | $ | 8,800 |  |  | $ | (1,613 | ) |  | $ | 7,187 |
Non-compete agreements |  |  | 1,360 |  |  |  | (733 | ) |  |  | 627 |  |  |  | 1,360 |  |  |  | (573 | ) |  |  | 787 |
|  |  | 10,160 |  |  |  | (2,786 | ) |  |  | 7,374 |  |  |  | 10,160 |  |  |  | (2,186 | ) |  |  | 7,974 |
Investment Management |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investment management agreement |  |  | 3,900 |  |  |  | (2,107 | ) |  |  | 1,793 |  |  |  | 3,900 |  |  |  | (1,887 | ) |  |  | 2,013 |
Assembled workforce |  |  | 526 |  |  |  | (284 | ) |  |  | 242 |  |  |  | 526 |  |  |  | (255 | ) |  |  | 271 |
|  |  | 4,426 |  |  |  | (2,391 | ) |  |  | 2,035 |  |  |  | 4,426 |  |  |  | (2,142 | ) |  |  | 2,284 |
Real Estate |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
In-place lease |  |  | 6,028 |  |  |  | (1,406 | ) |  |  | 4,622 |  |  |  | 6,028 |  |  |  | (1,157 | ) |  |  | 4,871 |
Total |  | $ | 20,614 |  |  | $ | (6,583 | ) |  | $ | 14,031 |  |  | $ | 20,614 |  |  | $ | (5,485 | ) |  | $ | 15,129 |
Aggregate Amortization Expense (in thousands) |  | 2020 |  |  | 2019 |
For the three months ended December 31, |  | $ | 547 |  |  | $ | 603 |
For the six months ended December 31, |  |  | 1,098 |  |  |  | 1,242 |
Estimated Future Amortization Expense (in thousands): |  |  |  |
For the six months ending June 30, 2021 |  | $ | 1,058 |
For the year ending June 30, 2022 |  |  | 1,981 |
For the year ending June 30, 2023 |  |  | 1,894 |
For the year ending June 30, 2024 |  |  | 1,702 |
For the year ending June 30, 2025 |  |  | 1,597 |
Thereafter |  | $ | 5,799 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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