Note I - Intangible Assets

9 Months Ended

Mar. 31, 2023

Notes to Financial Statements

Goodwill and Intangible Assets Disclosure [Text Block]

I. Intangible Assets

As of March 31, 2023, 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, 2022	$	39,845		$	(26,835	)	$	13,010		$	7,636		$	3,238		$	972		$	1,164
Addition		53			-			53			-			-			-			53
Reduction		(10,506	)		10,506			-
Amortization		-			(2,140	)		(2,140	)		(993	)		(880	)		(39	)		(228	)
Translation adjustment		316			-			316			214			365			(265	)		2
Balance at March 31, 2023	$	29,708		$	(18,469	)	$	11,239		$	6,857		$	2,723		$	668		$	991

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 $738 and $785 for the quarters ended March 31, 2023, and March 25, 2022, respectively. Intangible amortization expense was $2,140 and $2,415 for the three quarters ended March 31, 2023, and March 25, 2022, respectively. Estimated intangible amortization expense for the remainder of fiscal 2023 and each of the next five fiscal years and thereafter is as follows:

Fiscal Year
2023	$	742
2024		2,838
2025		2,681
2026		1,757
2027		1,096
2028		1,066
Thereafter		1,059