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Goodwill and Intangible Assets
 12 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following is a summary of changes in the carrying value of goodwill (in thousands):
Balance at June 30, 2017
 
$
10,996

Final Purchase Price Allocation Adjustment (West Coast Coffee)
 
(167
)
Additions (Boyd Coffee)
 
25,395

Balance at June 30, 2018
 
$
36,224

Additions
 
—

Balance at June 30, 2019
 
36,224

Additions
 
—

Impairment
 
(36,224
)
Balance at June 30, 2020
 
$
—


The carrying value of goodwill was fully impaired and written down to zero at June 30, 2020. There was no impairment of goodwill recorded during the years ended June 30, 2019 and 2018.
The Company tests goodwill and indefinite-lived intangible assets for impairment annually, as of January 31, or when events or changes in circumstances would indicate that more likely than not the fair values may be below the carrying amounts of the assets. Additionally, because of the COVID-19 pandemic during the second half of the Company's fiscal year ended June 30, 2020, and the resulting deterioration in the business environment and the general economic outlook, the fair value of these assets were negatively impacted. As a result of the test for impairment, the Company recorded $36.2 million of impairment to goodwill during the year ended June 30, 2020.
The following is a summary of the Company’s amortized and unamortized intangible assets other than goodwill:
 
 
 
 
 
As of June 30,
 
 
Weighted
Average
Amortization
Period as of
June 30, 2020
 
2020
 
2019
(In thousands)
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Impairment
 
Net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
6.7
 
$
33,003

 
$
(17,492
)
 
$
—

 
$
15,511

 
$
33,003

 
$
(15,291
)
 
$
17,712

Non-compete agreements
 
1.5
 
220

 
(161
)
 
—

 
59

 
220

 
(122
)
 
98

Recipes
 
3.3
 
930

 
(487
)
 
—

 
443

 
930

 
(354
)
 
576

Trade name/brand name
 
3.4
 
510

 
(383
)
 
—

 
127

 
510

 
(346
)
 
164

Total amortized intangible assets
 
 
 
$
34,663

 
$
(18,523
)
 
$
—

 
$
16,140

 
$
34,663

 
$
(16,113
)
 
$
18,550

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks, trade names and brand name with indefinite lives
 
 
 
$
10,328

 
$
—

 
$
(5,806
)
 
$
4,522

 
$
10,328

 
$
—

 
$
10,328

Total unamortized intangible assets
 
 
 
$
10,328

 
$
—

 
$
(5,806
)
 
$
4,522

 
$
10,328

 
$
—

 
$
10,328

     Total intangible assets
 
 
 
$
44,991

 
$
(18,523
)
 
$
(5,806
)
 
$
20,662

 
$
44,991

 
$
(16,113
)
 
$
28,878



As a result of the test for impairment, the Company recorded $5.8 million and $3.5 million, respectively, of impairment to indefinite-lived intangibles during the year ended June 30, 2020 and 2018. There were no indefinite-lived intangible asset impairment charges recorded in the fiscal year ended June 30, 2019.
The Company also assessed the recoverability of certain finite-lived intangible assets. No impairment was recorded for the finite-lived intangibles for the years ended June 30, 2020 and 2019. In fiscal year ended June 30, 2018, the Company recorded an impairment charge related to finite-lived intangibles of $0.3 million.

Amortization expense for the years ended June 30, 2020, 2019, and 2018 were $2.4 million, $2.6 million, and $2.4 million, respectively.

At June 30, 2020, future annual amortization of finite-lived intangible assets for the years 2021 through 2025 and thereafter is estimated to be (in thousands):
For the fiscal year ending:
 
 
    June 30, 2021
 
$
2,412

    June 30, 2022
 
2,388

    June 30, 2023
 
2,370

    June 30, 2024
 
2,260

    June 30, 2025
 
2,200

Thereafter
 
4,510

Total
 
$
16,140