| Schedule of other purchased intangible assets |
The carrying value of goodwill and other purchased intangibles as of June 30, 2018 and June 30, 2017 is as described below:
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dollar amounts in thousands |
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June 30, 2018 |
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June 30, 2017 |
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Estimated Useful Lives (Years) |
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Gross Carrying Amount |
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Accumulated Amortization |
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Accumulated Impairment |
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Net Book Value |
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Gross Carrying Amount |
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Accumulated Amortization |
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Net Book Value |
Identifiable intangible Assets: |
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Existing customer relationships |
5 - 15 |
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8,848 |
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(5,467 |
) |
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— |
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3,381 |
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6,447 |
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(4,636 |
) |
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1,811 |
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Non-compete and other |
3 - 5 |
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2,300 |
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(2,056 |
) |
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— |
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244 |
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2,000 |
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(2,000 |
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— |
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Employment agreement |
3 |
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295 |
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(222 |
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— |
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73 |
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195 |
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(195 |
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— |
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Intangibles subject to amortization |
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11,443 |
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(7,745 |
) |
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— |
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3,698 |
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8,642 |
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(6,831 |
) |
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1,811 |
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Trade Name |
Indefinite |
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$ |
4,454 |
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$ |
— |
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$ |
(1,291 |
) |
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$ |
3,163 |
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$ |
2,254 |
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$ |
— |
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$ |
2,254 |
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$ |
15,897 |
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$ |
(7,745 |
) |
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$ |
(1,291 |
) |
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$ |
6,861 |
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$ |
10,896 |
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$ |
(6,831 |
) |
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$ |
4,065 |
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Goodwill |
Indefinite |
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$ |
10,245 |
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(1) |
$ |
— |
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$ |
(1,364 |
) |
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$ |
8,881 |
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$ |
8,881 |
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$ |
— |
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$ |
8,881 |
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(1) During the fourth quarter of fiscal 2018, the gross carrying amount decreased by $86 related to the Company's revised estimate of the purchase price of Goldline due to the Seller. (see Note 1).
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