Goodwill and Intangible Assets

9 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

The carrying value of goodwill was fully impaired and written down to zero as of June 30, 2020.

The following is a summary of the Company’s amortized and unamortized intangible assets other than goodwill:

		March 31, 2021						June 30, 2020
(In thousands)	Weighted Average Amortization Period as of December 31, 2020	Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Impairment		Net
Amortized intangible assets:
Customer relationships	6.0	$	33,003	$	(19,142)	$	13,861	$	33,003	$	(17,492)	$	—	$	15,511
Non-compete agreements	0.7	220		(192)		28		220		(161)		—		59
Recipes	2.6	930		(586)		344		930		(487)		—		443
Trade name/brand name	2.7	510		(411)		99		510		(383)		—		127
Total amortized intangible assets		$	34,663	$	(20,331)	$	14,332	$	34,663	$	(18,523)	$	—	$	16,140
Unamortized intangible assets:
Trademarks, trade names and brand name with indefinite lives		$	4,522	$	—	$	4,522	$	10,328	$	—	$	(5,806)	$	4,522
Total unamortized intangible assets		$	4,522	$	—	$	4,522	$	10,328	$	—	$	(5,806)	$	4,522
Total intangible assets		$	39,185	$	(20,331)	$	18,854	$	44,991	$	(18,523)	$	(5,806)	$	20,662

Aggregate amortization expense for the three months ended March 31, 2021 and 2020 was $0.6 million in each period. Aggregate amortization expense for the nine months ended March 31, 2021 and 2020 was $1.8 million in each period.

The Company test 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. The Company also assesses the recoverability of certain finite-lived intangible assets. As a result of the Company’s annual test of impairment during for the three and nine months ended March 31, 2021, no impairment was recorded.