Other Intangible Assets

12 Months Ended

Jun. 30, 2011

Other Intangible Assets [Abstract]

Other Intangible Assets

10.   Other Intangible Assets

All of our intangible assets other than goodwill are included in other assets. Assets with indefinite lives represent acquired trade names. The value of these indefinite-lived intangible assets was $4.3 million at June 30, 2011 and June 30, 2010. During fiscal 2009, we recorded an impairment charge of $16.3 million to our indefinite-lived intangible assets on lower projected future revenue and profit growth in the Industrial business unit of our Custom & Electrical segment. Intangible property assets with finite lives primarily represent customer relationships and rights acquired under technology licenses and are amortized over the periods of benefit.

The components of finite-lived intangible assets at June 30 are summarized as follows (in thousands):

	2011							2010
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer-related	$	32,555	$	(7,731	)	$	24,824	$	31,191	$	(6,193	)	$	24,998
Technology-based		26,795		(15,697	)		11,098		23,510		(13,039	)		10,471
License fees		8,491		(6,597	)		1,894		8,485		(5,517	)		2,968
Total	$	67,841	$	(30,025	)	$	37,816	$	63,186	$	(24,749	)	$	38,437

We estimate that we have no significant residual value related to our intangible assets.

During fiscal year 2011 and 2010, we recorded additions to intangible assets of $4.0 million and $2.9 million, respectively. The components of intangible assets acquired during fiscal 2011 and 2010 were as follows (in thousands):

	2011				2010
	Gross		Weighted		Gross		Weighted
	Carrying		Average		Carrying		Average
	Amount		Life		Amount		Life
Customer-related	$	900		7.0 years	$	—		n/a
Technology-based		3,114		9.0 years		2,107		8.6 years
License fees		—		n/a		825		3.2 years
Total	$	4,014			$	2,932

Acquired intangibles are generally amortized on a straight-line basis over weighted average lives. Intangible assets amortization expense was $5.3 million for fiscal year 2011 and $6.3 million for fiscal year 2010 and 2009. The estimated future amortization expense related to intangible assets as of June 30, 2011 is as follows (in thousands):

	Amount
2012	$	5,800
2013		4,439
2014		3,756
2015		3,609
2016 and thereafter		20,212
Total	$	37,816