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GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 27, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Activity and Balances Related to Goodwill

The following table shows the activity and balances related to goodwill from June 29, 2013 through June 27, 2015 (in thousands):

 

 

 

Environmental

 

 

Process

 

 

 

 

 

 

 

Systems

 

 

Products

 

 

Total

 

Balance as of June 29, 2013

 

$

-

 

 

$

30,429

 

 

$

30,429

 

Goodwill acquired

 

 

5,951

 

 

 

-

 

 

 

5,951

 

Goodwill impaired

 

 

-

 

 

 

(20,304

)

 

 

(20,304

)

Balance as of June 28, 2014

 

 

5,951

 

 

 

10,125

 

 

 

16,076

 

Allocation from sale of heat exchanger product line

 

 

-

 

 

 

(277

)

 

 

(277

)

Goodwill impaired

 

 

-

 

 

 

-

 

 

 

-

 

Balance as of June 27, 2015

 

$

5,951

 

 

$

9,848

 

 

$

15,799

 

 

Acquisition-Related Intangible Assets

Acquisition-related intangible assets are as follows (in thousands):

 

 

 

Weighted

Average

Remaining

Useful Life

(Years)

 

Gross Value

at Beginning

of Year

 

 

Adjustments

 

 

Gross Value

at End

of Year

 

 

Accumulated

Amortization

at Beginning

of Year

 

 

Adjustments

 

 

Amortization

expense

 

 

Accumulated

Amortization

at End

of Year

 

 

Net

Book

Value

 

Fiscal 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Design guidelines

 

Indefinite

 

$

4,060

 

 

$

(350

)

 

$

3,710

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

3,710

 

Customer relationships

 

7

 

 

8,840

 

 

 

(325

)

 

 

8,515

 

 

 

(4,112

)

 

 

186

 

 

 

(668

)

 

 

(4,594

)

 

 

3,921

 

Trade names

 

Indefinite

 

 

3,082

 

 

 

(272

)

 

 

2,810

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

2,810

 

Licensing agreements

 

0

 

 

2,199

 

 

 

-

 

 

 

2,199

 

 

 

(2,199

)

 

 

-

 

 

 

-

 

 

 

(2,199

)

 

 

-

 

Acquired backlog

 

0

 

 

6,861

 

 

 

-

 

 

 

6,861

 

 

 

(6,861

)

 

 

-

 

 

 

 

 

 

 

(6,861

)

 

 

-

 

 

 

 

 

$

25,042

 

 

$

(947

)

 

$

24,095

 

 

$

(13,172

)

 

$

186

 

 

$

(668

)

 

$

(13,654

)

 

$

10,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Design guidelines

 

Indefinite

 

$

6,940

 

 

$

(2,880

)

 

$

4,060

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

 

$

4,060

 

Customer relationships

 

7

 

 

7,940

 

 

 

900

 

 

 

8,840

 

 

 

(3,429

)

 

 

-

 

 

 

(683

)

 

 

(4,112

)

 

 

4,728

 

Trade names

 

Indefinite

 

 

4,729

 

 

 

(1,647

)

 

 

3,082

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

-

 

 

 

3,082

 

Licensing agreements

 

0

 

 

2,199

 

 

 

-

 

 

 

2,199

 

 

 

(2,199

)

 

 

-

 

 

 

-

 

 

 

(2,199

)

 

 

-

 

Acquired backlog

 

0

 

 

6,801

 

 

 

60

 

 

 

6,861

 

 

 

(6,801

)

 

 

-

 

 

 

(60

)

 

 

(6,861

)

 

 

-

 

 

 

 

 

$

28,609

 

 

$

(3,567

)

 

$

25,042

 

 

$

(12,429

)

 

$

-

 

 

$

(743

)

 

$

(13,172

)

 

$

11,870

 

 

Estimated Aggregate Finite-Lived Intangible Asset Amortization Expense

The estimated amortization expense for each of the next five fiscal years is as follows (in thousands):

 

Fiscal Year

 

 

 

 

2016

 

$

579

 

2017

 

 

578

 

2018

 

 

573

 

2019

 

 

573

 

2020

 

 

573