Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

The following is a summary of changes in the carrying value of goodwill:



(In thousands)
Balance at June 30, 2014	$	—
Additions—RLC acquisition	272
Balance at June 30, 2015	$	272
Additions	—
Balance at June 30, 2016	$	272

The following is a summary of the Company’s amortized and unamortized intangible assets other than goodwill, along with amortization expense on these intangible assets for the past two fiscal years.



	June 30, 2016					June 30, 2015
(In thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Amortized intangible assets:
Customer relationships	$	10,953	$	(10,373	)	$	10,953	$	(10,179	)
Covenant not to compete	20		(10		)	20		(3		)
Total amortized intangible assets	$	10,973	$	(10,383	)	$	10,973	$	(10,182	)
Unamortized intangible assets:
Tradenames with indefinite lives	$	3,640	$	—		$	3,640	$	—
Trademarks with indefinite lives	1,988		—			1,988		—
Total unamortized intangible assets	$	5,628	$	—		$	5,628	$	—
Total intangible assets	$	16,601	$	(10,383	)	$	16,601	$	(10,182	)

Aggregate amortization expense for the past three fiscal years:



(In thousands):
For the fiscal year ended June 30, 2016	$	200
For the fiscal year ended June 30, 2015	$	99
For the fiscal year ended June 30, 2014	$	649

Estimated amortization expense for the next three fiscal years:



(In thousands):
For the fiscal year ending June 30, 2017	$	200
For the fiscal year ending June 30, 2018	$	198
For the fiscal year ending June 30, 2019	$	193

Remaining weighted average amortization periods for intangible assets with finite lives are as follows:



Customer relationships (years)								3.0
Covenant not to compete (years)								1.5

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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