Goodwill and Other Intangible Assets

6 Months Ended

Dec. 31, 2024

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, is as follows:

(in thousands)	Metal Cutting		Infrastructure		Total
Gross goodwill	$	449,228	$	633,211	$	1,082,439
Accumulated impairment losses	(177,661)		(633,211)		(810,872)
Balance as of June 30, 2024	$	271,567	$	—	$	271,567
Activity for the six months ended December 31, 2024:
Change in gross goodwill due to translation	(2,771)		—		(2,771)
Gross goodwill	446,457		633,211		1,079,668
Accumulated impairment losses	(177,661)		(633,211)		(810,872)
Balance as of December 31, 2024	$	268,796	$	—	$	268,796

The components of our other intangible assets were as follows:

	Estimated Useful Life (in years)	December 31, 2024				June 30, 2024
(in thousands)		Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Technology-based and other	4 to 20	$	31,492	$	(24,626)		$	31,715	$	(24,476)
Customer-related	10 to 21	178,883		(123,088)			179,529		(120,091)
Unpatented technology	10 to 30	31,467		(27,968)			31,485		(27,130)
Trademarks	5 to 20	22,677		(13,122)			23,044		(12,655)
Total		$	264,519	$	(188,804)		$	265,773	$	(184,352)