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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Carrying value of goodwill by segment
The changes in the carrying amount of goodwill by segment are as follows:
 
 
Electrical
Infrastructure
 
Oil Gas &
Chemical
 
Storage
Solutions
 
Industrial
 
Total
 
 
(In thousands)
Net balance at June 30, 2014
 
$
43,243

 
$
10,943

 
$
10,027

 
$
5,624

 
$
69,837

Acquisition related adjustments
 
175

 

 

 
44

 
219

Purchase of HDB (Note 2)
 

 
3,065

 

 

 
3,065

Translation adjustment (1)
 
(1,044
)
 

 
(363
)
 
(196
)
 
(1,603
)
Net balance at June 30, 2015
 
42,374

 
14,008

 
9,664

 
5,472

 
71,518

Purchase of BTE (Note 2)
 

 

 
6,942

 

 
6,942

Translation adjustment (1)
 
(204
)
 

 
75

 
(38
)
 
(167
)
Net balance at June 30, 2016
 
42,170

 
14,008

 
16,681

 
5,434

 
78,293

Purchase of Houston Interests (Note 2)
 

 
19,596

 

 
15,550

 
35,146

Acquisition related adjustments
 

 

 
88

 

 
88

Translation adjustment (1)
 
(18
)
 

 
(5
)
 
(3
)
 
(26
)
Net balance at June 30, 2017
 
$
42,152

 
$
33,604

 
$
16,764

 
$
20,981

 
$
113,501

Carrying value of other intangible assets
Information on the carrying value of other intangible assets is as follows: 
 
 
 
 
At June 30, 2017
 
 
Useful Life
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
 
(Years)
 
(In thousands)
Intellectual property
 
9 to 15
 
$
2,579

 
$
(1,425
)
 
$
1,154

Customer based
 
1 to 15
 
38,207

 
(13,543
)
 
24,664

Non-compete Agreements
 
4 to 5
 
1,453

 
(1,298
)
 
155

Trade names
 
1 to 3
 
1,630

 
(1,307
)
 
323

Total other intangible assets
 
 
 
$
43,869

 
$
(17,573
)
 
$
26,296

 
 
 
 
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 name
 
3 to 5
 
1,615

 
(824
)
 
791

Total other intangible assets
 
 
 
$
33,826

 
$
(12,827
)
 
$
20,999

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Amortization expense totaled $4.9 million, $3.6 million, and $5.0 million in fiscal 2017, 2016, and 2015, respectively. The Company recognized $1.6 million of amortization expense during the year ended June 30, 2017 for intangible assets recorded as part of the Houston Interests acquisition. We estimate that future amortization of other intangible assets will be as follows (in thousands):
For year ending:
 
June 30, 2018
$
4,742

June 30, 2019
3,501

June 30, 2020
3,491

June 30, 2021
3,472

June 30, 2022
2,618

Thereafter
8,472

Total estimated amortization expense
$
26,296