5.Intangibles

The Company has acquired intangible assets in addition to goodwill in connection with the acquisition of Coord3 and NMS. These assets are susceptible to shortened estimated useful lives and changes in fair value due to changes in their use, market or economic changes, or other events or circumstances. The Company evaluates the potential impairment of these intangible assets whenever events or circumstances indicate their carrying value may not be recoverable. Factors that could trigger an impairment review include historical or projected results that are less than the assumptions used in the original valuation of an intangible asset, a change in the Company’s business strategy or its use of an intangible asset, or negative economic or industry trends.

If an event or circumstance indicates that the carrying value of an intangible asset may not be recoverable, the Company assesses the recoverability of the asset by comparing the carrying value of the asset to the sum of the undiscounted future cash flows that the asset is expected to generate over its remaining economic life. If the carrying value exceeds the sum of the undiscounted future cash flows, the Company compares the fair value of the intangible asset to the carrying value and records an impairment loss for the difference. The Company generally estimates the fair value of its intangible assets using the income approach based upon a discounted cash flow model. The income approach requires the use of many assumptions and estimates including future revenues and expenses, discount factors, income tax rates, the identification of groups of assets with highly independent cash flows, and assets’ economic lives. Volatility in the global economy makes these assumptions and estimates more judgmental. Actual future operating results and the remaining economic lives of our other intangible assets could differ from those used in assessing the recoverability of these assets and could result in an impairment of other intangible assets in future periods. The change in intangible assets is shown below (in thousands):



		December 31,			December 31,		June 30,			June 30,
		2015			2015		2015			2015
		Gross			Net		Gross			Net
		Carrying	Accumulated		Carrying		Carrying	Accumulated		Carrying
		Amount	Amortization		Amount		Amount	Amortization		Amount
Customer/Distributor Relationships	$	3,123	(520)	$	2,603	$	3,172	(211)	$	2,961
Trade Name		2,426	(202)		2,224		2,463	(82)		2,381
Software		1,378	(127)		1,251		1,249	(12)		1,237
Other		118	(34)		84		120	(14)		106
Total	$	7,045	(883)	$	6,162	$	7,004	(319)	$	6,685

Amortization expense for the three month periods ended December 31, 2015 and 2014 was $321,000 and $0, respectively. Amortization expense for the six month periods ended December 31, 2015 and 2014 was $585,000 and $0, respectively.

The estimated amortization by year is as follows (in thousands):



Years Ending June 30,		Amount
2016 (excluding the six months ended December 31, 2015)		535
2017		1,339
2018		1,183
2019		1,206
2020		994
after 2020		905
	$	6,162