XML 33 R24.htm IDEA: XBRL DOCUMENT v3.22.0.1
Goodwill and Other Intangible Assets
 6 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
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)Metal CuttingInfrastructureTotal
Gross goodwill$455,276 $633,211 $1,088,487 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of June 30, 2021$277,615 $— $277,615 
Activity for the six months ended December 31, 2021:
Change in gross goodwill due to translation(4,296)— (4,296)
Gross goodwill450,980 633,211 1,084,191 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of December 31, 2021$273,319 $— $273,319 
The components of our other intangible assets were as follows:
 Estimated
Useful Life
(in years)		December 31, 2021June 30, 2021
(in thousands)Gross Carrying
Amount		Accumulated
Amortization		Gross Carrying
Amount		Accumulated
Amortization
Technology-based and other
4 to 20
$33,180 $(24,360)$33,632 $(24,413)
Customer-related
10 to 21
182,559 (102,425)183,338 (98,901)
Unpatented technology
10 to 30
32,013 (21,851)31,957 (20,575)
Trademarks
5 to 20
13,163 (10,527)13,268 (10,083)
TrademarksIndefinite11,257 — 11,818 — 
Total$272,172 $(159,163)$274,013 $(153,972)