Goodwill and Other Intangibles (Tables)

3 Months Ended

Sep. 27, 2013

Goodwill and Other Intangibles [Abstract]

Changes in Carrying Amount of Goodwill

 

The changes in the carrying amount of goodwill, all of which is allocated to the manufacturing segment, for the three months ended September 27, 2013 were as follows (in thousands):

Balance at June 30, 2013		13,232
Translation adjustment		87
Balance at September 27, 2013	$	13,319

Acquired Intangible Assets with Finite Lives

 

The gross carrying amount and accumulated amortization of the Company’s intangible assets that have defined useful lives and are subject to amortization as of September 27, 2013 and June 30, 2013 were as follows (in thousands):

	September 27,			June 30,
	2013			2013
Intangible assets with finite lives:
Licensing agreements	$	3,015		$	3,015
Non-compete agreements		2,050			2,050
Trade name		2,596			-
Other		5,991			5,991
		13,652			11,056
Accumulated amortization		(9,417	)		(9,301	)
Impairment charge		(1,277	)		(1,277	)
Foreign currency translation		(94	)		546
Total	$	2,864		$	1,024

Estimated Intangible Amortization Expense

 

Intangible amortization expense was $116,000 for the three months ended September 27, 2013, and $188,000 for the three months ended September 28, 2012, respectively. Estimated intangible amortization expense for the remainder of fiscal 2014 and each of the next five fiscal years is as follows (in thousands):

Fiscal Year
2014	$	374
2015		244
2016		163
2017		157
2018		157
2019		157