XML 33 R21.htm IDEA: XBRL DOCUMENT v3.8.0.1
Intangible Assets Including Goodwill (Tables)
6 Months Ended
Dec. 31, 2017
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, 2017
$
42,152

 
$
33,604

 
$
16,764

 
$
20,981

 
$
113,501

Translation adjustment (1)
184

 

 
126

 
34

 
344

Net balance at December 31, 2017
$
42,336

 
$
33,604

 
$
16,890

 
$
21,015

 
$
113,845

(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 December 31, 2017
  
Useful Life
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
(Years)
 
(In thousands)
Intellectual property
9 to 15
 
$
2,579

 
$
(1,514
)
 
$
1,065

Customer-based
6 to 15
 
40,339

 
(16,092
)
 
24,247

Non-compete agreements
4
 
1,453

 
(1,401
)
 
52

Trade names
 
1,630

 
(1,630
)
 

Total amortizing intangible assets
 
 
$
46,001

 
$
(20,637
)
 
$
25,364

 
 
 
 
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 amortizing intangible assets
 
 
$
43,869

 
$
(17,573
)
 
$
26,296

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]
Period ending:
 
Remainder of Fiscal 2018
$
1,932

Fiscal 2019
3,851

Fiscal 2020
3,834

Fiscal 2021
3,822

Fiscal 2022
2,954

Fiscal 2023
2,418

Thereafter
6,553

Total estimated remaining amortization expense at December 31, 2017
$
25,364