Note I - Intangible Assets

9 Months Ended

Mar. 26, 2021

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

I. Intangible Assets

As of March 26, 2021, the following acquired intangible assets have definite useful lives and are subject to amortization:

	Net Book Value Rollforward								Net Book Value By Asset Type
	Gross Carrying Amount		Accumulated Amortization / Impairment			Net Book Value			Customer Relationships			Technology Know-how			Trade Name			Other
Balance at June 30, 2020	$	39,245	$	(20,272	)	$	18,973		$	11,554		$	5,784		$	1,388		$	247
Addition		2		-			2			-			-			-			2
Amortization		-		(2,516	)		(2,516	)		(1,406	)		(917	)		(137	)		(56	)
Translation adjustment		961		-			961			585			294			70			12
Balance at March 26, 2021	$	40,208	$	(22,788	)	$	17,420		$	10,733		$	5,161		$	1,321		$	205

Other intangibles consist mainly of computer software. Amortization is recorded on the basis of straight-line or accelerated, as appropriate, over the estimated useful lives of the assets.

The weighted average remaining useful life of the intangible assets included in the table above is approximately 8 years.

Intangible amortization expense was $838 and $1,148 for the quarters ended March 26, 2021, and March 27, 2020, respectively. Intangible amortization expense was $2,516 and $3,420 for the three quarters ended March 26, 2021, and March 27, 2020, respectively. Estimated intangible amortization expense for the remainder of fiscal 2021 and each of the next five fiscal years is as follows:

Fiscal Year
2021	$	821
2022		3,136
2023		2,964
2024		2,814
2025		2,626
2026		1,282