Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.10.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
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:
dollar amounts in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30, 2018
 
June 30, 2017

Estimated Useful Lives (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Accumulated Impairment
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Identifiable intangible Assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Existing customer relationships
5 - 15
 
8,848

 
(5,467
)
 

 
3,381

 
6,447

 
(4,636
)
 
1,811

Non-compete and other
3 - 5
 
2,300

 
(2,056
)
 

 
244

 
2,000

 
(2,000
)
 

Employment agreement
3
 
295

 
(222
)
 

 
73

 
195

 
(195
)
 

Intangibles subject to amortization
 
 
11,443

 
(7,745
)
 

 
3,698

 
8,642

 
(6,831
)
 
1,811

Trade Name
Indefinite
 
$
4,454

 
$

 
$
(1,291
)
 
$
3,163

 
$
2,254

 
$

 
$
2,254

 
 
 
$
15,897

 
$
(7,745
)
 
$
(1,291
)
 
$
6,861

 
$
10,896

 
$
(6,831
)
 
$
4,065

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Goodwill
Indefinite
 
$
10,245

(1) 
$

 
$
(1,364
)
 
$
8,881

 
$
8,881

 
$

 
$
8,881

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
_________________________________
(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).
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
2019
 
$
1,011

2020
 
1,011

2021
 
599

2022
 
571

2023
 
128

Thereafter
 
378

Total
 
$
3,698