XML 67 R10.htm IDEA: XBRL DOCUMENT v2.4.0.6
Acquired Intangible Assets
3 Months Ended
Sep. 30, 2012
Acquired Intangible Assets

E. Acquired Intangible Assets

Acquired intangible assets consisted of the following:

 

     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Weighted
Average
Useful
Life
 

SEPTEMBER 30, 2012

          

Customer relationships

   $ 43,770       $ (10,186   $ 33,584         6.5 years   

Licensing agreements and patents

     4,095         (2,521     1,574         5.4 years   

Completed technologies

     5,570         (1,277     4,293         5.3 years   

Trademarks

     990         (142     848         6.0 years   

Backlog

     2,300         (910     1,390         1.2 years   

Non-compete agreements

     500         (394     106         5.0 years   
  

 

 

    

 

 

   

 

 

    
   $ 57,225       $ (15,430   $ 41,795      
  

 

 

    

 

 

   

 

 

    

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 September 30, 2012 is as follows:

 

     Year Ending
June 30,
 

2013

   $ 6,929   

2014

     7,797   

2015

     7,503   

2016

     7,018   

2017

     5,537   

Thereafter

     7,011   
  

 

 

 

Total future amortization expense

   $ 41,795   
  

 

 

 

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 September 30, 2012.

 

     Gross
Carrying
Amount
     Accumulated
Amortization
    Net
Carrying
Amount
     Weighted
Average
Useful
Life
 

Customer relationships

   $ 17,000       $ (419   $ 16,581         6.0 years   

Backlog

     1,500         (222     1,278         1.0 years   
  

 

 

    

 

 

   

 

 

    

Total

   $ 18,500       $ (641   $ 17,859