Acquired Intangible Assets

6 Months Ended

Dec. 31, 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
DECEMBER 31, 2012
Customer relationships	$	43,770	$	(11,444	)	$	32,326		6.5 years
Licensing agreements and patents		4,095		(2,678	)		1,417		5.4 years
Completed technologies		5,570		(1,546	)		4,024		5.3 years
Trademarks		990		(190	)		800		6.0 years
Backlog		2,300		(1,385	)		915		1.3 years
Non-compete agreements		500		(417	)		83		5.0 years
	$	57,225	$	(17,660	)	$	39,565
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 December 31, 2012 is as follows:

	Year Ending June 30,
2013	$	4,699
2014		7,797
2015		7,503
2016		7,018
2017		5,537
Thereafter		7,011
Total future amortization expense	$	39,565

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 December 31, 2012.

	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Weighted Average Useful Life
Customer relationships	$	17,000	$	(1,127	)	$	15,873		6.0 years
Backlog		1,500		(597	)		903		1.0 years
Total	$	18,500	$	(1,724	)	$	16,776