Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.20.2
Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill and Other Purchased Intangibles

The carrying value of goodwill and other purchased intangibles as of September 30, 2020 and June 30, 2020 is as described below:

 

dollar amounts in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30, 2020

 

 

June 30, 2020

 

 

 

Estimated

Useful

Lives

(Years)

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Accumulated

Impairment

 

 

Net

Book

Value

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Accumulated

Impairment

 

 

Net

Book

Value

 

Identifiable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Existing customer

   relationships

 

5 - 15

 

$

8,998

 

 

$

(7,438

)

 

$

 

 

$

1,560

 

 

$

8,998

 

 

$

(7,307

)

 

$

 

 

$

1,691

 

Non-compete and other

 

3 - 5

 

 

2,300

 

 

 

(2,203

)

 

 

 

 

 

97

 

 

 

2,300

 

 

 

(2,187

)

 

 

 

 

 

113

 

Employment agreement

 

3

 

 

295

 

 

 

(295

)

 

 

 

 

 

 

 

 

295

 

 

 

(288

)

 

 

 

 

 

7

 

Intangibles subject to amortization

 

 

 

 

11,593

 

 

 

(9,936

)

 

 

 

 

 

1,657

 

 

 

11,593

 

 

 

(9,782

)

 

 

 

 

 

1,811

 

Trade names and trademarks

 

Indefinite

 

 

4,454

 

 

 

 

 

 

(1,291

)

 

 

3,163

 

 

 

4,454

 

 

 

 

 

 

(1,291

)

 

 

3,163

 

Identifiable intangible assets

 

 

 

$

16,047

 

 

$

(9,936

)

 

$

(1,291

)

 

 

4,820

 

 

$

16,047

 

 

$

(9,782

)

 

$

(1,291

)

 

$

4,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

Indefinite

 

$

10,245

 

 

$

 

 

$

(1,364

)

 

$

8,881

 

 

$

10,245

 

 

$

 

 

$

(1,364

)

 

$

8,881

 

Schedule of Estimated Annual Amortization Expense Related to Definite-Lived Intangible Assets

Estimated annual amortization expense related to definite-lived intangible assets for the succeeding five years is as follows (in thousands):

 

Fiscal Year Ending June 30,

 

Amount

 

2021 (9 months remaining)

 

 

475

 

2022

 

 

601

 

2023

 

 

158

 

2024

 

 

77

 

2025

 

 

60

 

Thereafter

 

 

286

 

Total

 

$

1,657