Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.6.0.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of other purchased intangible assets
The carrying value of goodwill and other purchased intangibles as of December 31, 2016 and June 30, 2016 is as described below:
dollar amounts in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
December 31, 2016
 
June 30, 2016

Estimated Useful Lives (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Identifiable intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
Existing customer relationships
5 - 15
 
6,447

 
(4,421
)
 
2,026

 
5,747

 
(4,214
)
 
1,533

Non-compete and other
4
 
2,000

 
(2,000
)
 
—

 
2,000

 
(2,000
)
 
—

Employment agreement
3
 
195

 
(195
)
 
—

 
195

 
(195
)
 
—

Intangibles subject to amortization
 
 
8,642

 
(6,616
)
 
2,026

 
7,942

 
(6,409
)
 
1,533

Trade Name
Indefinite
 
$
2,254

 
$
—

 
$
2,254

 
$
454

 
$
—

 
$
454

 
 
 
$
10,896

 
$
(6,616
)
 
$
4,280

 
$
8,396

 
$
(6,409
)
 
$
1,987

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
Indefinite
 
$
8,881

 
$
—

 
$
8,881

 
$
4,620

 
$
—

 
$
4,620

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of future amortization expense
Estimated amortization expense on an annual basis for the succeeding five years is as follows (in thousands):
Fiscal year ending June 30,
 
Amount
2017 (six months remaining)
 
$
236

2018
 
455

2019
 
455

2020
 
448

2021
 
70

Thereafter
 
362

Total
 
$
2,026