Goodwill and Other Intangible Assets

3 Months Ended

Sep. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Note 9.

Goodwill and Other Intangible Assets

Effective July 1, 2019, the Company has realigned its organizational structure into two reporting segments for the purpose of making operational decisions and assessing financial performance: (i) Compound Semiconductors and (ii) Photonic Solutions. All applicable information has been restated to reflect this change.

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

	Three months ended September 30, 2019
	Compound		Photonic			Unallocated
	Semiconductors		Solutions			& Other		Total
Balance-beginning of period	$	185,721	$	134,057		$	-	$	319,778
Goodwill acquired		-		-			759,239		759,239
Foreign currency translation		664		(1,112	)		-		(448	)
Balance-end of period	$	186,385	$	132,945		$	759,239	$	1,078,569

The gross carrying amount and accumulated amortization of the Company’s intangible assets other than goodwill as of September 30, 2019 and June 30, 2019 were as follows ($000):

	September 30, 2019							June 30, 2019
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
	Amount		Amortization			Value		Amount		Amortization			Value
Technology and Patents	$	92,369	$	(41,340	)	$	51,028	$	91,637	$	(39,679	)	$	51,958
Trademarks		15,672		(1,634	)		14,038		15,759		(1,601	)		14,158
Customer Lists		132,225		(61,465	)		70,760		132,872		(59,664	)		73,208
Other		829,256		(3,523	)		825,733		1,572		(1,572	)		-
Total	$	1,069,522	$	(107,962	)	$	961,560	$	241,840	$	(102,516	)	$	139,324

Other intangible assets include $828 million related to the preliminary purchase price allocation of Finisar. This includes preliminary amounts for technology of $615 million, customer list of $125 million, in process research and development of $76 million, and tradenames of $11 million.

As a result of the July 1, 2019 segment realignment, the Company reviewed the recoverability of the carrying value of goodwill at its reporting units. The Company performed a quantitative test to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill and other intangible assets. The Company did not record any impairment of goodwill or long-lived assets, as the quantitative assessment did not indicate deterioration in the fair value of its reporting units.