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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill were as follows ($000):

 

 

 

Year Ended June 30, 2015

 

 

 

II-VI Laser

 

 

II-VI

 

 

II- VI Performance

 

 

 

 

 

 

 

Solutions

 

 

Photonics

 

 

Products

 

 

Total

 

Balance-beginning of period

 

$

44,041

 

 

$

99,214

 

 

$

52,890

 

 

$

196,145

 

Foreign currency translation

 

 

(463

)

 

 

212

 

 

 

-

 

 

 

(251

)

Balance-end of period

 

$

43,578

 

 

$

99,426

 

 

$

52,890

 

 

$

195,894

 

 

 

 

 

Year Ended June 30, 2014

 

 

 

II-VI Laser

 

 

II-VI

 

 

II- VI Performance

 

 

 

 

 

 

 

Solutions

 

 

Photonics

 

 

Products

 

 

Total

 

Balance-beginning of period

 

$

13,233

 

 

$

56,713

 

 

$

53,406

 

 

$

123,352

 

Goodwill acquired

 

 

30,718

 

 

 

42,375

 

 

 

-

 

 

 

73,093

 

Goodwill adjustment

 

 

-

 

 

 

-

 

 

 

(516

)

 

 

(516

)

Foreign currency translation

 

 

90

 

 

 

126

 

 

 

-

 

 

 

216

 

Balance-end of period

 

$

44,041

 

 

$

99,214

 

 

$

52,890

 

 

$

196,145

 

 

Gross Carrying Amount and Accumulated Amortization

The gross carrying amount and accumulated amortization of the Company’s intangible assets other than goodwill as of June 30, 2015 and 2014 were as follows ($000):

 

 

 

June 30, 2015

 

 

June 30, 2014

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Book

 

 

Carrying

 

 

Accumulated

 

 

Book

 

 

 

Amount

 

 

Amortization

 

 

Value

 

 

Amount

 

 

Amortization

 

 

Value

 

Technology and Patents

 

$

50,520

 

 

$

(18,838

)

 

$

31,682

 

 

$

50,505

 

 

$

(14,474

)

 

$

36,031

 

Trade names

 

 

15,869

 

 

 

(1,111

)

 

 

14,758

 

 

 

17,870

 

 

 

(1,037

)

 

 

16,833

 

Customer Lists

 

 

102,489

 

 

 

(26,583

)

 

 

75,906

 

 

 

102,839

 

 

 

(19,448

)

 

 

83,391

 

Other

 

 

1,572

 

 

 

(1,456

)

 

 

116

 

 

 

1,586

 

 

 

(1,437

)

 

 

149

 

Total

 

$

170,450

 

 

$

(47,988

)

 

$

122,462

 

 

$

172,800

 

 

$

(36,396

)

 

$

136,404

 

 

Estimated Amortization Expense for Existing Intangible Assets for Each of Five Succeeding Years

The estimated amortization expense for existing intangible assets for each of the five succeeding years is as follows ($000):

 

Year Ending June 30,

 

 

 

 

 

 

2016

 

 

 

$

11,619

 

2017

 

 

 

 

11,607

 

2018

 

 

 

 

11,139

 

2019

 

 

 

 

10,706

 

2020

 

 

 

 

10,593