Changes in carrying amount of goodwill |
The changes in the carrying amount of goodwill for the three months ended September 30, 2023 are as follows: | | | | | | | | | | | | | | | | | | | Diversified Industrial Segment | | Aerospace Systems Segment | | Total | Balance at June 30, 2023 | $ | 7,682,755 | | | $ | 2,945,839 | | | $ | 10,628,594 | | Acquisition | 1,113 | | | 9,778 | | | 10,891 | | Divestiture | (10,520) | | | — | | | (10,520) | | | | | | | | | | | | | | Foreign currency translation | (83,232) | | | (22,604) | | | (105,836) | | Balance at September 30, 2023 | $ | 7,590,116 | | | $ | 2,933,013 | | | $ | 10,523,129 | |
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Intangible assets by major category |
The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets: | | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2023 | | June 30, 2023 | | Gross Carrying Amount | | Accumulated Amortization | | Gross Carrying Amount | | Accumulated Amortization | Patents and technology | $ | 2,104,195 | | | $ | 374,104 | | | $ | 2,128,847 | | | $ | 352,040 | | Trade names | 1,036,723 | | | 399,105 | | | 1,047,678 | | | 390,737 | | Customer relationships and other | 8,015,606 | | | 2,191,357 | | | 8,109,063 | | | 2,092,197 | | Total | $ | 11,156,524 | | | $ | 2,964,566 | | | $ | 11,285,588 | | | $ | 2,834,974 | |
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