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Goodwill and Intangible Assets
6 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
There were no changes to the carrying value of goodwill in the six months ended December 31, 2019. The carrying value of goodwill at December 31, 2019 and June 30, 2019 was $36.2 million.
The following is a summary of the Company’s amortized and unamortized intangible assets other than goodwill:
 
 
 
 
 
December 31, 2019
 
June 30, 2019
 
 
(In thousands)
 
Weighted
Average
Amortization
Period as of
December 31, 2019
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
7.3
 
$
33,003

 
$
(16,391
)
 
$
16,612

 
$
33,003

 
$
(15,291
)
 
$
17,712

Non-compete agreements
 
2.2
 
220

 
(142
)
 
78

 
220

 
(122
)
 
98

Recipes
 
3.8
 
930

 
(420
)
 
510

 
930

 
(354
)
 
576

Trade name/brand name
 
4.5
 
510

 
(365
)
 
145

 
510

 
(346
)
 
164

Total amortized intangible assets
 
 
 
$
34,663

 
$
(17,318
)
 
$
17,345

 
$
34,663

 
$
(16,113
)
 
$
18,550

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks, trade names and brand name with indefinite lives
 
 
 
$
10,328

 
$

 
$
10,328

 
$
10,328

 
$

 
$
10,328

Total unamortized intangible assets
 
 
 
$
10,328

 
$

 
$
10,328

 
$
10,328

 
$

 
$
10,328

     Total intangible assets
 
 
 
$
44,991

 
$
(17,318
)
 
$
27,673

 
$
44,991

 
$
(16,113
)
 
$
28,878

Aggregate amortization expense for the three months ended December 31, 2019 and 2018 was $0.6 million and $0.7 million, respectively. Aggregate amortization expense for the six months ended December 31, 2019 and 2018 was $1.2 million and $1.3 million, respectively.
The Company tests goodwill and intangible assets for impairment annually, as of January 31, or when events or changes in circumstances would indicate that the carrying amounts of the assets may not be recoverable. The Company is currently undergoing its annual testing. Events and circumstances have occurred, including those during the current fiscal year, such as declining operating results, that may have a negative impact on the fair value of these assets.