XML 253 R20.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets
12 Months Ended
Jun. 30, 2013
Text Block [Abstract]  
Intangible Assets

12.            INTANGIBLE ASSETS

On March 22, 2006, the Company entered into an agreement with TD Ameritrade Holding Corporation, ("Ameritrade") to transfer Ameritrade’s correspondent clearing clients to the Company.  This transaction closed in July 2006.  As a result of this transaction, the Company recorded a customer relationship intangible of $5,060,000.  The intangible asset was amortized over a five year period at a rate based on the estimated future economic benefit of the customer relationships.  This intangible asset was fully amortized in July 2011 and SWS recognized approximately $6,000 and $785,000 of amortization expense in fiscal years 2012 and 2011, respectively.