Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
 12 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of other purchased intangible assets
The carrying value of other purchased intangibles as of June 30, 2014 and June 30, 2013 is as described below:
dollar amounts in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 
June 30,
 
 
2014
 
2013
 
Estimated Useful Lives (Years)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Book Value
Trade-name
Indefinite
 
$
454

 
$
—

 
$
454

 
$
454

 
$
—

 
$
454

Existing customer relationships
5 - 15
 
5,747

 
(3,448
)
 
2,299

 
5,747

 
(3,060
)
 
2,687

Non-compete and other
4
 
2,000

 
(2,000
)
 
—

 
2,000

 
(2,000
)
 
—

Employment agreement
3
 
195

 
(195
)
 
—

 
195

 
(195
)
 
—

Purchased intangibles subject to amortization
 
 
7,942

 
(5,643
)
 
2,299

 
7,942

 
(5,255
)
 
2,687

 
 
 
$
8,396

 
$
(5,643
)
 
$
2,753

 
$
8,396

 
$
(5,255
)
 
$
3,141

Schedule of future amortization expense
Estimated amortization expense on an annual basis for the succeeding five years is as follows (in thousands):
Year ending June 30,
 
Amount
2015
 
$
385

2016
 
385

2017
 
385

2018
 
385

2019
 
385

Thereafter
 
374

Total
 
$
2,299