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Goodwill and Intangibles Assets (Tables)
9 Months Ended
Mar. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment

The following table summarizes the changes in the carrying amount of goodwill by segment:

(in thousands)

 

Wholesale

 

 

Direct-to-Consumer

 

 

Business-to-Business

 

 

Total

 

Balance at June 30, 2021

 

$

88,808

 

 

$

20,342

 

 

$

745

 

 

$

109,895

 

Goodwill acquired in Vinesse business combination

 

 

 

 

$

10,800

 

 

 

 

 

$

10,800

 

Goodwill acquired in ACE Cider business acquisition

 

 

27,516

 

 

 

 

 

 

-

 

 

 

27,516

 

Goodwill acquired in Meier's business acquisition

 

 

 

 

 

 

 

 

9,974

 

 

 

9,974

 

Balance at March 31, 2022

 

$

116,324

 

 

$

31,142

 

 

$

10,719

 

 

$

158,185

 

Schedule of Components of Finite-Lived Intangible Assets, Accumulated Amortization, and Indefinite-Lived Assets

The following tables summarize other intangible assets by class:

 

 

March 31, 2022

(in thousands)

 

Gross
Intangible

 

 

Accumulated
Amortization

 

 

Net Intangible

 

 

Weighted Average Remaining Amortization Period (in years)

Indefinite-life intangibles

 

 

 

 

 

 

 

 

 

 

 

Trade names and trademarks

 

$

29,829

 

 

$

-

 

 

$

29,829

 

 

N/A

Winery use permits

 

 

6,750

 

 

 

-

 

 

 

6,750

 

 

N/A

Total Indefinite-life intangibles

 

 

36,579

 

 

 

-

 

 

 

36,579

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite-life intangibles

 

 

 

 

 

 

 

 

 

 

 

Customer and Sommelier relationships

 

 

29,900

 

 

 

(3,320

)

 

 

26,580

 

 

4.7

Trade names and trademarks

 

 

1,800

 

 

 

(150

)

 

 

1,650

 

 

3.8

Total definite-life intangibles

 

 

31,700

 

 

 

(3,470

)

 

 

28,230

 

 

 

Total other intangible assets

 

$

68,279

 

 

$

(3,470

)

 

$

64,809

 

 

 

 

 

 

June 30, 2021

(in thousands)

 

Gross
Intangible

 

 

Accumulated
Amortization

 

 

Net Intangible

 

 

Weighted Average Remaining Amortization Period (in years)

Indefinite-life intangibles

 

 

 

 

 

 

 

 

 

 

 

Trade names and trademarks

 

$

23,229

 

 

$

-

 

 

$

23,229

 

 

N/A

Winery use permits

 

 

6,750

 

 

 

-

 

 

 

6,750

 

 

N/A

Total Indefinite-life intangibles

 

 

29,979

 

 

 

-

 

 

 

29,979

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Definite-life intangibles

 

 

 

 

 

 

 

 

 

 

 

Customer and Sommelier relationships

 

 

6,300

 

 

 

(200

)

 

 

6,100

 

 

4.7

Total definite-life intangibles

 

 

6,300

 

 

 

(200

)

 

 

6,100

 

 

 

Total other intangible assets

 

$

36,279

 

 

$

(200

)

 

$

36,079

 

 

 

 

Estimated Future Amortization Expense for Finite-Lived Intangible Assets

As of March 31, 2022, estimated future amortization expense for definite-lived assets is as follows:

2022 remaining

 

 

 

$

1,659

 

2023

 

 

 

 

6,637

 

2024

 

 

 

 

6,626

 

2025

 

 

 

 

5,106

 

Thereafter

 

 

 

 

8,202

 

Total estimated amortization expense

 

 

 

$

28,230