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Intangible Assets Including Goodwill (Notes)
9 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Including Goodwill Intangible Assets Including Goodwill
Goodwill
The changes in the carrying value of goodwill by segment are as follows:
Utility and Power InfrastructureProcess and Industrial FacilitiesStorage and Terminal SolutionsTotal
 (In thousands)
Net balance at June 30, 2020$6,905 $26,846 $26,618 $60,369 
Translation adjustment(1)
70 27 139 236 
Net balance at March 31, 2021$6,975 $26,873 $26,757 $60,605 
(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.
The Company tests its goodwill for impairment annually as of May 31st. While there continues to be uncertainty around the near-term level of spending by some of our customers due to the impacts of the COVID-19 pandemic and the timing of the economic recovery in certain energy markets, the Company concluded, that based on the totality of both positive and negative factors, no impairment indicators existed at March 31, 2021. However, if customer spending levels do not improve or if the outlook in certain key markets deteriorates, the Company may need to recognize an impairment in conjunction with the annual test in the fourth quarter.
Other Intangible Assets
Information on the carrying value of other intangible assets is as follows:
  At March 31, 2021
  
Useful LifeGross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (Years)(In thousands)
Intellectual property10 to 15$2,483 $(1,989)$494 
Customer-based6 to 1517,300 (10,613)6,687 
Total amortizing intangible assets$19,783 $(12,602)$7,181 
 
  At June 30, 2020
 Useful LifeGross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
 (Years)(In thousands)
Intellectual property10 to 15$2,579 $(1,956)$623 
Customer-based6 to 1521,840 (13,626)8,214 
Total amortizing intangible assets$24,419 $(15,582)$8,837 
Amortization expense totaled $0.6 million and $1.7 million during the three and nine months ended March 31, 2021 and $0.8 million and $2.7 million during the three and nine months ended March 31, 2020, respectively.

We estimate that the remaining amortization expense related to March 31, 2021 amortizing intangible assets will be as follows (in thousands):

Period ending:
Remainder of Fiscal 2021$568 
Fiscal 20221,817 
Fiscal 20231,729 
Fiscal 20241,416 
Fiscal 20251,126 
Fiscal 2026167 
Thereafter358 
Total estimated remaining amortization expense at March 31, 2021$7,181