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Recent Accounting Pronouncements and Supplemental Information
 3 Months Ended
Sep. 30, 2021
Recent Accounting Pronouncements and Supplemental Information [Abstract]  
Recent Accounting Pronouncements and Supplemental Information Recent Accounting Pronouncements and Supplemental Information
Recently Adopted Accounting Pronouncements:
We evaluate all Accounting Standard Updates (“ASU”) issued by the Financial Accounting Standards Board for consideration of their applicability to us. We have assessed all ASUs issued but not yet adopted and concluded that those not disclosed are either not applicable to us or are not expected to have a material impact on us.
Goodwill and Other Intangible Assets:
Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Goodwill is assigned to and the fair value is tested at the reporting unit level. Annually, or if conditions indicate an earlier review is necessary, we may assess qualitative factors to determine if it is more likely than not that the fair value is less than its carrying amount. We also have the option to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test which compares the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. Under the quantitative assessment, if the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. The fair value is established primarily using a discounted cash flow analysis and secondarily a market approach utilizing current industry information. The calculation of the fair value of the reporting unit considers current market conditions existing at the assessment date. In connection with our annual impairment test, we assessed goodwill at the reporting unit level for impairment during our second quarter of fiscal year 2021, and no goodwill impairment was recognized. As of both September 30, 2021 and June 30, 2021 our goodwill totaled $82.0 million. See Note 3 - Acquisition of Notes to Condensed Consolidated Financial Statements for more information on this acquisition.
Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, customer relationships, trade names, acquired technology, patents and trademarks, and non-compete agreements. Intangible assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of the assets. A summary of intangible assets subject to amortization is as follows:
 September 30, 2021June 30, 2021
(Amounts in Thousands)CostAccumulated
Amortization		Net ValueCostAccumulated
Amortization		Net Value
Capitalized Software$44,079 $34,594 $9,485 $43,200 $34,058 $9,142 
Customer Relationships19,050 4,629 14,421 19,050 3,936 15,114 
Trade Names36,570 4,068 32,502 36,570 3,154 33,416 
Acquired Technology7,000 810 6,190 7,000 559 6,441 
Patents and Trademarks354 24 330 354 16 338 
Non-Compete Agreements100 78 22 100 73 27 
Other Intangible Assets$107,153 $44,203 $62,950 $106,274 $41,796 $64,478 
Amortization expense related to intangible assets was, in thousands, $2,439 during the quarter ended September 30, 2021, and was, in thousands, $653 during the quarter ended September 30, 2020. Amortization expense in future periods is expected to be, in thousands, $7,115 for the remainder of fiscal year 2022, and $8,724, $8,119, $7,886, and $7,535 in the four years ending June 30, 2026, and $23,571 thereafter. The estimated useful life of capitalized software ranges from 2 to 10 years. The estimated useful life of acquired technology is 7 years. The amortization period for customer relationship intangible assets ranges from 10 to 20 years. The estimated useful life of trade names is 10 years. The estimated useful life of non-compete agreements is 5 years. The estimated useful life of patents is 14 years and the estimated useful life of trademarks is 15 years.
Capitalized software is stated at cost less accumulated amortization and is amortized using the straight-line method. During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project. Upgrades and enhancements are capitalized if they result in added functionality which enable the software to perform tasks it was previously incapable of performing. Software maintenance, training, data conversion, and business process re-engineering costs are expensed in the period in which they are incurred. 
Trade names, non-compete agreements, acquired technology, patents and trademarks are amortized on a straight-line basis over their estimated useful lives. Customer relationships are amortized based on estimated attrition rates of customers. We have no intangible assets with indefinite useful lives which are not subject to amortization.
Non-operating Income (Expense), net:
Non-operating income and expense include the impact of such items as fair value adjustments on Supplemental Employee Retirement Plan (“SERP”) investments, amortization of actuarial income, foreign currency rate movements, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain or loss on SERP investments is offset by a change in the SERP liability that is recognized in selling and administrative expenses.
Components of the Non-operating income (expense), net line, were:
 Three Months Ended
 September 30
(Amounts in Thousands)20212020
Gain (Loss) on SERP Investments$(93)$758 
Other(93)(15)
Non-operating income (expense), net$(186)$743