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Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
The following is a summary of changes in the carrying value of goodwill (in thousands):
Balance at June 30, 2017
 
$
10,996

Final Purchase Price Allocation Adjustment (West Coast Coffee)
 
(167
)
Additions (Boyd Coffee)
 
25,395

Balance at June 30, 2018
 
$
36,224

Additions
 

Balance at June 30, 2019
 
$
36,224


There was no impairment of goodwill recorded during the years ended June 30, 20192018 and 2017.
The following is a summary of the Company’s amortized and unamortized intangible assets other than goodwill:
 
 
 
 
 
As of June 30,
 
 
Weighted
Average
Amortization
Period as of
June 30, 2019
 
2019
 
2018
(In thousands)
 
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Amortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Customer relationships
 
7.7
 
$
33,003

 
$
(15,291
)
 
$
17,712

 
$
33,003

 
$
(12,903
)
 
$
20,100

Non-compete agreements
 
2.7
 
220

 
(122
)
 
98

 
220

 
(81
)
 
139

Recipes
 
4.3
 
930

 
(354
)
 
576

 
930

 
(221
)
 
709

Trade name/brand name
 
5.3
 
510

 
(346
)
 
164

 
510

 
(271
)
 
239

Total amortized intangible assets
 
 
 
$
34,663

 
$
(16,113
)
 
$
18,550

 
$
34,663

 
$
(13,476
)
 
$
21,187

Unamortized intangible assets:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Trademarks, trade names and brand name with indefinite lives
 
 
 
$
10,328

 
$

 
$
10,328

 
$
10,328

 
$

 
$
10,328

Total unamortized intangible assets
 
 
 
$
10,328

 
$

 
$
10,328

 
$
10,328

 
$

 
$
10,328

     Total intangible assets
 
 
 
$
44,991

 
$
(16,113
)
 
$
28,878

 
$
44,991

 
$
(13,476
)
 
$
31,515



In fiscal 2018, the Company recorded an impairment charge related to indefinite-lived intangible assets and other intangible assets of $3.5 million and $0.3 million, respectively. There were no indefinite-lived intangible asset and other intangible assets impairment charges recorded in the fiscal years ended June 30, 2019 or 2017.
Amortization expense for the years ended June 30, 2019, 2018, and 2017 were $2.6 million, $2.4 million, and $0.7 million, respectively.
At June 30, 2019, future annual amortization of finite-lived intangible assets for the years 2020 through 2024 and thereafter is estimated to be (in thousands):
For the fiscal year ending:
 
 
    June 30, 2020
 
$
2,390

    June 30, 2021
 
2,390

    June 30, 2022
 
2,376

    June 30, 2023
 
2,356

    June 30, 2024
 
2,268

Thereafter
 
6,770

Total
 
$
18,550