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Intangible Assets Including Goodwill (Tables)
9 Months Ended
Mar. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying Value of Goodwill by Segment
The changes in the carrying value of goodwill by segment are as follows:
 
 
Electrical
Infrastructure
 
Oil Gas &
Chemical
 
Storage
Solutions
 
Industrial
 
Total
 
(In thousands)
Goodwill
$
29,666

 
$
5,841

 
$
11,071

 
$
7,097

 
$
53,675

Cumulative impairment loss (A)
(17,653
)
 
(3,000
)
 
(922
)
 
(3,425
)
 
(25,000
)
Net balance at June 30, 2012
12,013

 
2,841

 
10,149

 
3,672

 
28,675

Purchase of Pelichem (Note 2)

 
2,237

 

 

 
2,237

Translation adjustment

 

 
(2
)
 

 
(2
)
Net balance at March 31, 2013
$
12,013

 
$
5,078

 
$
10,147

 
$
3,672

 
$
30,910

 
(A)
A $25.0 million impairment charge was recorded in February 2005 as a result of the Company’s operating performance in fiscal 2005.
Carrying Value of Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
 
At March 31, 2013
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(711
)
 
$
1,749

Customer based
1 to 15
 
4,250

 
(458
)
 
3,792

Non-compete agreements
3 to 5
 
808

 
(249
)
 
559

Total amortizing intangibles
 
 
7,518

 
(1,418
)
 
6,100

Trade name
Indefinite     
 
1,870

 

 
1,870

Total intangible assets
 
 
$
9,388

 
$
(1,418
)
 
$
7,970

 
 
 
 
At June 30, 2012
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(586
)
 
$
1,874

Customer based
1 to 15
 
2,657

 
(285
)
 
2,372

Non-compete agreements
3 to 5
 
547

 
(159
)
 
388

Total amortizing intangibles
 
 
5,664

 
(1,030
)
 
4,634

Trade name
Indefinite     
 
1,870

 

 
1,870

Total intangible assets
 
 
$
7,534

 
$
(1,030
)
 
$
6,504