Note I - Intangible Assets

3 Months Ended

Sep. 24, 2021

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

I. Intangible Assets

As of September 24, 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, 2021	$	41,142		$	(23,662	)	$	17,480		$	10,321		$	4,883		$	1,282		$	994
Amortization		-			(826	)		(826	)		(419	)		(304	)		(46	)		(57	)
Translation adjustment		(186	)		-			(186	)		(116	)		(54	)		(14	)		(2	)
Balance at September 24, 2021	$	40,956		$	(24,488	)	$	16,468		$	9,786		$	4,525		$	1,222		$	935

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 7 years.

Intangible amortization expense was $826 and $835 for the quarters ended September 24, 2021, and September 25, 2020, respectively. Estimated intangible amortization expense for the remainder of fiscal 2022 and each of the next five fiscal years is as follows:

Fiscal Year
2022	$	2,494
2023		3,110
2024		2,955
2025		2,789
2026		1,413
Thereafter		3,707