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Note 2 - Intangible Assets
12 Months Ended
Jun. 30, 2013
Disclosure Text Block [Abstract]  
Intangible Assets Disclosure [Text Block]

(2) Intangible Assets


The major components of intangible assets are as follows:


   

June 30, 2013

   

June 30, 2012

 

(amounts in thousands)

 

Gross

Carrying

Amount

   

Net

Carrying

Amount

   

Gross

Carrying

Amount

   

Net

Carrying

Amount

 

Amortizable intangible assets:

                               

Customer relationships (10 years)

  $ 7,530     $ 3,840     $ 7,530     $ 4,593  

Developed technology (5 years)

    780       13       780       169  

Non-competition agreements (4 years)

    1,130       -       1,130       28  

Total

  $ 9,440       3,853     $ 9,440       4,790  
                                 
                                 

Nonamortizable intangible assets:

                               

Tradenames

            2,980               2,980  

Total

            2,980               2,980  

Total intangible assets

          $ 6,833             $ 7,770  

Intangible asset amortization expense for the years ended June 30, 2013, 2012 and 2011 aggregated $0.9 million, $1.2 million, and $1.2 million, respectively. Amortization expense related to developed technology is recorded in cost of sales, and amortization expense for non-compete agreements and customer relationships is recorded in general and administrative expense.


The following table represents the amortization expense for each of the five succeeding fiscal years and thereafter is as follows:


(amounts in thousands)

       

2014

  $ 766  

2015

    753  

2016

    753  

2017

    753  

2018

    753  

Thereafter

    75  
    $ 3,853  

The changes in the carrying amount of goodwill for the years ended June 30, 2013 and 2012, are as follows:


(amounts in thousands)

       
         

Balance, July 1, 2011

  $ 42,389  
         

Tax adjustment resulting from acquisition

    (46

)

         

Balance, June 30, 2012

    42,343  
         

Tax adjustment resulting from acquisition

    (46

)

         

Balance, June 30, 2013

  $ 42,297