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Goodwill and Other Intangible Assets
 6 Months Ended
Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
GOODWILL AND OTHER INTANGIBLE ASSETS
Widia Impairment Charge
In the December quarter of fiscal 2020, the Company experienced deteriorating market conditions, primarily in general engineering and transportation applications in India and China, in addition to overall global weakness in the manufacturing sector. In view of these declining conditions and the significant detrimental effect on cash flows and actual and projected revenue and earnings compared with our most recent annual impairment test, we determined that an impairment triggering event had occurred and performed an interim quantitative impairment test of our goodwill, indefinite-lived trademark intangible asset and other long-lived assets of our Widia reporting unit. We evaluated the recoverability of goodwill for the reporting unit by comparing the fair value with its carrying value, with the fair values determined using a combination of a discounted cash flow analysis and market multiples based upon historical and projected financial information. As a result of this test, we recorded a non-cash pre-tax impairment charge during the three months ended December 31, 2019 of $14.6 million in the Widia segment, of which $13.1 million was for goodwill and $1.5 million was for an indefinite-lived trademark intangible asset. These impairment charges are recorded in restructuring and asset impairment charges in our condensed consolidated statements of income. No impairment was recorded for the other Widia long-lived assets.
Divestiture Impact on Other Intangible Assets
During the three months ended December 31, 2019, we completed the sale of certain assets of the non-core specialty alloys and metals business within the Infrastructure segment, see Note 4. As a result of this transaction, other intangibles decreased by $12.5 million in our Infrastructure segment. This decrease was recorded in the loss on divestiture account in our condensed consolidated statements of income.

A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such carrying amounts, is as follows:
(in thousands)
Industrial
 
Widia
 
Infrastructure
 
Total
Gross goodwill
$
409,912

 
$
40,941

 
$
633,211

 
$
1,084,064

Accumulated impairment losses
(137,204
)
 
(13,638
)
 
(633,211
)
 
(784,053
)
Balance as of June 30, 2019
$
272,708

 
$
27,303

 
$
—

 
$
300,011

 
 
 
 
 
 
 
 
Activity for the six months ended December 31, 2019:
 
 
 
 
 
 
 
Change in gross goodwill due to translation
(849
)
 
(202
)
 
—

 
(1,051
)
Impairment charges
—

 
(13,134
)
 
—

 
(13,134
)
 
 
 
 
 
 
 
 
Gross goodwill
409,063

 
40,739

 
633,211

 
1,083,013

Accumulated impairment losses
(137,204
)
 
(26,772
)
 
(633,211
)
 
(797,187
)
Balance as of December 31, 2019
$
271,859

 
$
13,967

 
$
—

 
$
285,826


The components of our other intangible assets were as follows:
 
Estimated
Useful Life
(in years)
 
December 31, 2019
June 30, 2019
(in thousands)
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
 
Gross Carrying
Amount
 
Accumulated
Amortization
Contract-based
3 to 15
 
—

 
—

 
 
7,062

 
(7,062
)
Technology-based and other
4 to 20
 
32,684

 
(22,139
)
 
 
46,228

 
(31,890
)
Customer-related
10 to 21
 
181,962

 
(83,923
)
 
 
205,213

 
(94,711
)
Unpatented technology
10 to 30
 
31,649

 
(16,696
)
 
 
31,702

 
(15,492
)
Trademarks
5 to 20
 
13,074

 
(8,206
)
 
 
14,755

 
(9,352
)
Trademarks
Indefinite
 
12,993

 
—

 
 
14,545

 
—

Total
 
 
$
272,362

 
$
(130,964
)
 
 
$
319,505

 
$
(158,507
)