XML 34 R37.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2019
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 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 intangible assets
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
)