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Goodwill And Other Intangible Assets
12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill And Other Intangible Assets
Goodwill and Other Intangible Assets
Goodwill attributable to the Retail and Foodservice segments was $157.4 million and $51.0 million, respectively, at June 30, 2019 compared to $119.3 million and $48.7 million, respectively, at June 30, 2018. The increase in goodwill is the result of the acquisitions of Bantam in October 2018 and Omni in November 2018. See further discussion in Note 2.
The following table is a rollforward of goodwill by reportable segment from June 30, 2018 to June 30, 2019:
 
Retail
 
Foodservice
 
Total
Goodwill at beginning of year
$
119,301

 
$
48,729

 
$
168,030

Goodwill acquired during the year - Bantam
18,431

 
2,246

 
20,677

Goodwill acquired during the year - Omni
19,664

 

 
19,664

Goodwill at end of year
$
157,396

 
$
50,975

 
$
208,371


The following table summarizes our identifiable other intangible assets at June 30. The intangible asset values and lives related to the acquisition of Bantam are included in the table below. See further discussion in Note 2.
 
2019
 
2018
Tradenames (20 to 30-year life)
 
 
 
Gross carrying value
$
63,121

 
$
50,321

Accumulated amortization
(7,335
)
 
(5,071
)
Net carrying value
$
55,786

 
$
45,250

Customer Relationships (10 to 15-year life)
 
 
 
Gross carrying value
$
17,507

 
$
14,207

Accumulated amortization
(9,641
)
 
(8,283
)
Net carrying value
$
7,866

 
$
5,924

Technology / Know-how (10-year life)
 
 
 
Gross carrying value
$
8,950

 
$
6,350

Accumulated amortization
(2,501
)
 
(1,682
)
Net carrying value
$
6,449

 
$
4,668

Non-compete Agreements (5-year life)
 
 
 
Gross carrying value
$
791

 
$
791

Accumulated amortization
(615
)
 
(457
)
Net carrying value
$
176

 
$
334

Total net carrying value
$
70,277

 
$
56,176


Amortization expense for our other intangible assets, which is reflected in Selling, General and Administrative Expenses, was as follows in each of the years ended June 30:
 
2019
 
2018
 
2017
Amortization expense
$
4,599

 
$
3,986

 
$
3,453


Total annual amortization expense for each of the next five years is estimated to be as follows:
 
 
2020
$
5,061

2021
$
4,976

2022
$
4,902

2023
$
4,343

2024
$
4,343