Intangible Assets |
Note 9. Intangible Assets The following is a summary of the Company’s amortized and unamortized intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | June 30, 2022 | (In thousands) | | Weighted Average Amortization Period as of December 31, 2022 | | Gross Carrying Amount | | Accumulated Amortization | | | | Net | | Gross Carrying Amount | | Accumulated Amortization | | | Net | Amortized intangible assets: | | | | | | | | | | | | | | | | | | Customer relationships | | 4.2 | | $ | 33,003 | | | $ | (22,992) | | | | | $ | 10,011 | | | $ | 33,003 | | | $ | (21,893) | | | | $ | 11,110 | | | | | | | | | | | | | | | | | | | | Recipes | | 0.8 | | 930 | | | (819) | | | | | 111 | | | 930 | | | (752) | | | | 178 | | Trade name/brand name | | 0.9 | | 510 | | | (476) | | | | | 34 | | | 510 | | | (457) | | | | 53 | | Total amortized intangible assets | | | | $ | 34,443 | | | $ | (24,287) | | | | | $ | 10,156 | | | $ | 34,443 | | | $ | (23,102) | | | | $ | 11,341 | | Unamortized intangible assets: | | | | | | | | | | | | | | | | | | Trademarks, trade names and brand name with indefinite lives | | | | $ | 4,522 | | | $ | — | | | | | $ | 4,522 | | | $ | 4,522 | | | $ | — | | | | $ | 4,522 | | Total unamortized intangible assets | | | | $ | 4,522 | | | $ | — | | | | | $ | 4,522 | | | $ | 4,522 | | | $ | — | | | | $ | 4,522 | | Total intangible assets | | | | $ | 38,965 | | | $ | (24,287) | | | | | $ | 14,678 | | | $ | 38,965 | | | $ | (23,102) | | | | $ | 15,863 | | | | | | | | | | | | | | | | | | | |
Aggregate amortization expense for the three months ended December 31, 2022 and 2021 was $0.6 million in each period. Aggregate amortization expense for the six months ended December 31, 2022 and 2021 was $1.2 million in each period.
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