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Intangible Assets Including Goodwill (Tables)
3 Months Ended
Sep. 30, 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

 
$
8,088

 
$
10,985

 
$
7,097

 
$
55,836

Cumulative impairment loss (A)
(17,653
)
 
(3,000
)
 
(922
)
 
(3,425
)
 
(25,000
)
Net balance at June 30, 2013
12,013

 
5,088

 
10,063

 
3,672

 
30,836

Translation adjustment (B)

 

 
51

 

 
51

Net balance at September 30, 2013
$
12,013

 
$
5,088

 
$
10,114

 
$
3,672

 
$
30,887

 
(A)
A $25.0 million impairment charge was recorded in February 2005 as a result of the Company’s operating performance in fiscal 2005.
(B)
The translation adjustment relates to the periodic translation of Canadian Dollar denominated goodwill recorded as a part of a prior Canadian acquisition.
Carrying Value of Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
 
At September 30, 2013
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(795
)
 
$
1,665

Customer based
1 to 15
 
4,250

 
(626
)
 
3,624

Non-compete agreements
3 to 5
 
808

 
(326
)
 
482

Trade Name
5
 
165

 
(8
)
 
157

Total amortizing intangibles
 
 
7,683

 
(1,755
)
 
5,928

Trade name
Indefinite     
 
1,450

 

 
1,450

Total intangible assets
 
 
$
9,133

 
$
(1,755
)
 
$
7,378

 
 
 
 
At June 30, 2013
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
6 to 15
 
$
2,460

 
$
(753
)
 
$
1,707

Customer based
1 to 15
 
4,250

 
(542
)
 
3,708

Non-compete agreements
3 to 5
 
808

 
(287
)
 
521

Trade Name
5
 
165

 

 
165

Total amortizing intangibles
 
 
7,683

 
(1,582
)
 
6,101

Trade name
Indefinite     
 
1,450

 

 
1,450

Total intangible assets
 
 
$
9,133

 
$
(1,582
)
 
$
7,551