XML 48 R36.htm IDEA: XBRL DOCUMENT v3.22.2.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of carrying amount of goodwill

The changes in the carrying amount of goodwill are as follows (in thousands):

Balance at June 30, 2020

$

56,678

Goodwill from YES Acquisition (as described in Note 3)

7,230

Working capital adjustments (1)

(27

)

Balance at June 30, 2021

$

63,881

Goodwill from fiscal 2022 acquisitions (as described in Note 3)

7,134

Working capital adjustments (2)

24

Balance at June 30, 2022

$

71,039

Schedule of license, trademarks and other intangible assets

Customer-related intangibles, tradenames and other intangible assets as of June 30, 2022 and 2021 consisted of the following (dollars in thousands):

June 30,

Estimated

Useful Lives

(in years)

2022

2021

 

Customer-related intangibles

8-10

$

20,887

$

18,237

Tradenames

Indefinite

13,005

11,155

Covenants not to compete

5

566

566

License agreements

10

529

529

Trademarks and patents

10-15

176

176

35,163

30,663

Accumulated amortization

(8,929

)

(6,986

)

$

26,234

$

23,677

Schedule of estimated future amortization

Based on the carrying amount of intangible assets as of June 30, 2022, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year in the five-year period ending June 30, 2027 and thereafter is as follows (in thousands):

Fiscal years ending June 30,

 

2023

$

2,106

2024

2,106

2025

2,102

2026

2,101

2027

1,778

Thereafter

3,036

Total

$

13,229