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Intangibles
12 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangibles

5.Intangibles

Our intangible assets as of June 30, 2018 and 2017 are as follows (in thousands):

 

 

 

June 30, 2018

 

 

June 30, 2017

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amount

 

 

Amortization

 

 

Amount

 

Customer/Distributor Relationships

 

$

3,329

 

 

$

(2,219

)

 

$

1,110

 

 

$

3,263

 

 

$

(1,524

)

 

$

1,739

 

Trade Name

 

 

2,586

 

 

 

(862

)

 

 

1,724

 

 

 

2,533

 

 

 

(591

)

 

 

1,942

 

Software

 

 

1,490

 

 

 

(504

)

 

 

986

 

 

 

677

 

 

 

(312

)

 

 

365

 

Other

 

 

124

 

 

 

(124

)

 

 

 

 

 

121

 

 

 

(94

)

 

 

27

 

Total

 

$

7,529

 

 

$

(3,709

)

 

$

3,820

 

 

$

6,594

 

 

$

(2,521

)

 

$

4,073

 

Amortization expense for the fiscal years ended June 30, 2018, 2017 and 2016 was $1,168,000, $1,073,000 and $1,121,000, respectively.

The estimated amortization of the remaining intangible assets by year is as follows (in thousands):

 

Years Ending June 30,

 

Amount

 

2019

 

 

1,229

 

2020

 

 

865

 

2021

 

 

421

 

2022

 

 

421

 

2023

 

 

377

 

after 2023

 

 

507

 

 

 

$

3,820

 

Collectively, the weighted average amortization period of intangible assets subject to amortization is approximately 3.1 years.  The intangible assets are amortized over the period of economic benefit or on a straight line basis.