Goodwill and Other Intangible Assets

6 Months Ended

Dec. 31, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

Note 9. Goodwill and Other Intangible Assets

Effective July 1, 2019, the Company 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):

	Six Months Ended December 31, 2019
	Compound		Photonic
	Semiconductors		Solutions		Total
Balance-beginning of period	$	185,721	$	134,057	$	319,778
Goodwill acquired		61,085		713,045		774,130
Foreign currency translation		2,482		301		2,783
Balance-end of period	$	249,288	$	847,403	$	1,096,691

The gross carrying amount and accumulated amortization of the Company’s intangible assets other than goodwill as of December 31, 2019 and June 30, 2019 were as follows ($000):

	December 31, 2019							June 30, 2019
	Gross					Net		Gross					Net
	Carrying		Accumulated			Book		Carrying		Accumulated			Book
	Amount		Amortization			Value		Amount		Amortization			Value
Technology and Patents	$	92,513	$	(43,397	)	$	49,116	$	91,637	$	(39,679	)	$	51,958
Trade Names		15,714		(1,667	)		14,047		15,759		(1,601	)		14,158
Customer Lists		133,656		(64,355	)		69,301		132,872		(59,664	)		73,208
Other		830,199		(32,890	)		797,309		1,572		(1,572	)		-
Total	$	1,072,082	$	(142,309	)	$	929,773	$	241,840	$	(102,516	)	$	139,324

Other intangible assets primarily include $828.6 million related to the preliminary purchase price allocation of Finisar. This includes preliminary amounts for technology of $615.8 million, customer lists of $125.4 million, in process research and development of $76.0 million, and trade names of $11.4 million. These items will be included in other intangible assets until the purchase price allocation is finalized.

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.