Acquired Intangible Assets

12 Months Ended

Jun. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired Intangible Assets

Acquired Intangible Assets

Acquired intangible assets consisted of the following:

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
June 30, 2013
Customer relationships	$	36,570	$	(7,187	)	$	29,383	6.8 years
Licensing agreements and patents	3,596		(2,493		)	1,103		6.1 years
Completed technologies	5,570		(2,084		)	3,486		5.3 years
Trademarks	990		(285		)	705		6.0 years
Backlog	1,500		(1,347		)	153		1.0 year
Non-compete agreements	500		(464		)	36		5.0 years
	$	48,726	$	(13,860	)	$	34,866
June 30, 2012
Customer relationships	$	26,770	$	(9,217	)	$	17,553	6.9 years
Licensing agreements and patents	4,095		(2,365		)	1,730		5.4 years
Completed technologies	5,570		(1,007		)	4,563		5.3 years
Trademarks	990		(95		)	895		6.0 years
Backlog	800		(588		)	212		2.0 years
Non-compete agreements	500		(370		)	130		5.0 years
	$	38,725	$	(13,642	)	$	25,083

Estimated future amortization expense for acquired intangible assets remaining at June 30, 2013 is as follows:

	Year Ending June 30,
2014	$	7,797
2015	7,503
2016	7,018
2017	5,537
2018	4,799
Thereafter	2,212
Total future amortization expense	$	34,866

The following table summarizes the preliminary estimated fair value of acquired intangible assets arising as a result of the Micronetics acquisition. These assets are included in the Company’s gross and net carrying amounts as of June 30, 2013.

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	17,000	$	(2,544	)	$	14,456	6.0 years
Backlog	1,500		(1,347		)	153		1.0 year
Total	$	18,500	$	(3,891	)	$	14,609	5.6 years