XML 45 R35.htm IDEA: XBRL DOCUMENT v3.7.0.1
Goodwill and Other Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
The carrying amount of goodwill
A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:
(in thousands)
Industrial
 
Widia
 
Infrastructure
 
Total
Gross goodwill
$
408,705

 
$
40,624

 
$
633,211

 
$
1,082,540

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2016
$
271,501

 
$
26,986

 
$

 
$
298,487

 
 
 
 
 
 
 
 
Activity for the nine months ended March 31, 2017:
 
 
 
 
 
 
 
Change in gross goodwill due to translation
(4,459
)
 
287

 

 
(4,172
)
 
 
 
 
 
 
 
 
Gross goodwill
404,246

 
40,911

 
633,211

 
1,078,368

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of March 31, 2017
$
267,042

 
$
27,273

 
$

 
$
294,315

The components of intangible assets
The components of our other intangible assets were as follows:
 
Estimated
Useful Life
(in years)
 
March 31, 2017
June 30, 2016
(in thousands)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
Contract-based
3 to 15
 
$
7,059

 
$
(7,002
)
 
 
$
7,152

 
$
(6,886
)
Technology-based and other
4 to 20
 
45,753

 
(27,822
)
 
 
47,323

 
(27,011
)
Customer-related
10 to 21
 
204,088

 
(70,983
)
 
 
205,471

 
(66,938
)
Unpatented technology
10 to 30
 
31,691

 
(9,967
)
 
 
31,837

 
(4,614
)
Trademarks
5 to 20
 
12,259

 
(8,389
)
 
 
12,668

 
(8,644
)
Trademarks
Indefinite
 
16,382

 

 
 
16,850

 

Total
 
 
$
317,232

 
$
(124,163
)
 
 
$
321,301

 
$
(114,093
)