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Goodwill And Other Intangible Assets
6 Months Ended
Dec. 31, 2022
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 December 31, 2022 and June 30, 2022.
The following table summarizes our identifiable other intangible assets:
December 31,
2022
June 30,
2022
Tradenames (20 to 30-year life)
Gross carrying value$37,100 $37,100 
Accumulated amortization(9,052)(8,385)
Net carrying value$28,048 $28,715 
Customer Relationships (10 to 15-year life)
Gross carrying value$5,287 $14,207 
Accumulated amortization(4,076)(12,727)
Net carrying value$1,211 $1,480 
Technology / Know-how (10-year life)
Gross carrying value$6,350 $6,350 
Accumulated amortization(4,543)(4,222)
Net carrying value$1,807 $2,128 
Total net carrying value$31,066 $32,323 
In the three months ended December 31, 2021, we recorded an impairment charge of $0.9 million related to Bantam’s Retail customer relationships intangible asset, which reflected lower projected cash flows for Bantam’s Retail business. The impairment charge represented the excess of the carrying value over the fair value of estimated discounted cash flows for the remaining useful life of the intangible asset. As this fair value measurement was based on significant inputs not observable in the market, it represented a Level 3 measurement within the fair value hierarchy. The impairment charge was reflected in Restructuring and Impairment Charges and was recorded in our Retail segment.
Amortization expense for our other intangible assets, which is reflected in Selling, General and Administrative Expenses, was as follows:
Three Months Ended 
December 31,
Six Months Ended 
December 31,
 2022202120222021
Amortization expense$628 $1,260 $1,257 $2,401 
Total annual amortization expense for each of the next five years is estimated to be as follows:
2024$2,514 
2025$2,212 
2026$1,610 
2027$1,426 
2028$1,334