Intangible Assets

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Note 11. Intangible Assets

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, 2023	2023						2022
(In thousands)		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Amortized intangible assets:
Customer relationships	3.7	$	33,003	$	(24,092)	$	8,911	$	33,003	$	(21,893)	$	11,110
Recipes	0.3	930		(885)		45		930		(752)		178
Trade name/brand name	0.4	510		(495)		15		510		(457)		53
Total amortized intangible assets		34,443		(25,472)		8,971		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	$	(25,472)	$	13,493	$	38,965	$	(23,102)	$	15,863

There were no indefinite-lived intangible asset impairment charges recorded in the fiscal years ended June 30, 2023, 2022 and 2021.

The Company also assesses the recoverability of certain finite-lived intangible assets. No impairment was recorded for the finite-lived intangibles for the years ended June 30, 2023, 2022, and 2021. Amortization expense for the years ended June 30, 2023, 2022, and 2021 were $2.4 million each year, for these assets.

At June 30, 2023, future annual amortization of finite-lived intangible assets for the fiscal years 2024 through 2028 is estimated to be (in thousands):

For the fiscal year ending:
June 30, 2024	$	2,261
June 30, 2025	2,200
June 30, 2026	2,200
June 30, 2027	1,910
June 30, 2028	400
Total	$	8,971