XML 55 R39.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill [Table Text Block]
A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, 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 year ended June 30, 2022:
Change in gross goodwill due to translation(13,385)— (13,385)
Gross goodwill441,891 633,211 1,075,102 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of June 30, 2022$264,230 $— $264,230 
Activity for the year ended June 30, 2023:
Change in gross goodwill due to translation5,321 — 5,321 
Gross goodwill447,212 633,211 1,080,423 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of June 30, 2023$269,551 $— $269,551 
Components of Other Intangible Assets [Table Text Block]
The components of our other intangible assets were as follows: 
 Estimated
Useful Life
(in years)
June 30, 2023June 30, 2022
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Technology-based and other
4 to 20
$31,872 $(23,838)$31,592 $(22,734)
Customer-related
10 to 21
179,889 (112,890)180,263 (104,698)
Unpatented technology
10 to 30
31,487 (25,177)31,807 (22,950)
Trademarks
5 to 20
12,426 (11,441)12,403 (10,317)
TrademarksIndefinite10,836 — 10,359 — 
Total$266,510 $(173,346)$266,424 $(160,699)