XML 43 R34.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and Other Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
The carrying amount of goodwill
A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such carrying amounts, is as follows:
(in thousands)Metal CuttingInfrastructureTotal
Gross goodwill$441,891 $633,211 $1,075,102 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of June 30, 2022
$264,230 $— $264,230 
Activity for the three months ended September 30, 2022:
Change in gross goodwill due to translation(6,281)— (6,281)
Gross goodwill435,610 633,211 1,068,821 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of September 30, 2022
$257,949 $— $257,949 
The components of intangible assets
The components of our other intangible assets were as follows:
 Estimated
Useful Life
(in years)
September 30, 2022June 30, 2022
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Technology-based and other
4 to 20
$30,907 $(22,242)$31,592 $(22,734)
Customer-related
10 to 21
178,151 (104,948)180,263 (104,698)
Unpatented technology
10 to 30
31,564 (23,396)31,807 (22,950)
Trademarks
5 to 20
12,283 (10,471)12,403 (10,317)
TrademarksIndefinite9,725 — 10,359 — 
Total$262,630 $(161,057)$266,424 $(160,699)