Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v2.4.0.8
Goodwill and Intangible Assets (Tables)
 3 Months Ended
Sep. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of other purchased intangible assets
The carrying value of other purchased intangibles as of September 30, 2014 and June 30, 2014 is as described below:
dollar amounts in thousands
 
 
 
 
 
 
 
 
 
 
 
 
 

 
 
September 30, 2014
 
June 30, 2014
 
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

 
(3,544
)
 
2,203

 
5,747

 
(3,448
)
 
2,299

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

 
(5,739
)
 
2,203

 
7,942

 
(5,643
)
 
2,299

 
 
 
$
8,396

 
$
(5,739
)
 
$
2,657

 
$
8,396

 
$
(5,643
)
 
$
2,753

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
2015 (9 months remaining)
 
$
288

2016
 
385

2017
 
385

2018
 
385

2019
 
385

Thereafter
 
375

Total
 
$
2,203