XML 34 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2
Intangible Assets Including Goodwill (Tables)
3 Months Ended
Sep. 30, 2016
Finite-Lived Intangible Assets [Line Items]  
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)
Net balance at June 30, 2016
$
42,170

 
$
14,008

 
$
16,681

 
$
5,434

 
$
78,293

Purchase price adjustment for BTE (Note 2)

 

 
88

 

 
88

Translation adjustment (1)
(92
)
 

 
2

 
(17
)
 
(107
)
Net balance at September 30, 2016
$
42,078

 
$
14,008

 
$
16,771

 
$
5,417

 
$
78,274

(1)
The translation adjustments relate to the periodic translation of Canadian Dollar and South Korean Won denominated goodwill recorded as a part of prior acquisitions in Canada and South Korea, in which the local currency was determined to be the functional currency.
Carrying Value of Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
 
 
 
At September 30, 2016
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,291
)
 
$
1,288

Customer-based
1.5 to 15
 
28,113

 
(10,227
)
 
17,886

Non-compete agreements
4 to 5
 
1,453

 
(1,138
)
 
315

Trade names
3 to 5
 
1,615

 
(953
)
 
662

Total amortizing intangible assets
 
 
$
33,760

 
$
(13,609
)
 
$
20,151

 
 
 
 
At June 30, 2016
 
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,246
)
 
$
1,333

Customer-based
1.5 to 15
 
28,179

 
(9,655
)
 
18,524

Non-compete agreements
4 to 5
 
1,453

 
(1,102
)
 
351

Trade names
3 to 5
 
1,615

 
(824
)
 
791

Total amortizing intangible assets
 
 
$
33,826

 
$
(12,827
)
 
$
20,999

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Period ending:
 
Remainder of Fiscal 2017
$
2,482

Fiscal 2018
2,935

Fiscal 2019
2,582

Fiscal 2020
2,572

Fiscal 2021
2,552

Fiscal 2022
1,705

Thereafter
5,323

Total estimated remaining amortization expense at September 30, 2016
$
20,151