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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of goodwill
The changes in the carrying amount of goodwill are as follows:
 
Diversified Industrial Segment
 
Aerospace Systems Segment
 
Total
Balance June 30, 2015
$
2,844,045

 
$
98,634

 
$
2,942,679

Acquisitions
31,134

 

 
31,134

Foreign currency translation and other
(70,776
)
 

 
(70,776
)
Balance June 30, 2016
$
2,804,403

 
$
98,634

 
$
2,903,037

Acquisitions
2,677,489

 

 
2,677,489

Divestitures
(22,618
)
 

 
(22,618
)
Foreign currency translation and other
28,962

 
8

 
28,970

Balance June 30, 2017
$
5,488,236

 
$
98,642

 
$
5,586,878

Gross carrying value and accumulated amortization of intangible assets
The gross carrying value and accumulated amortization for each major category of intangible asset at June 30 are as follows:
 
2017
 
2016
 
Gross Carrying Amount
 
Accumulated Amortization
 
Gross Carrying Amount
 
Accumulated Amortization
Patents
$
254,049

 
$
100,860

 
$
150,914

 
$
95,961

Trademarks
553,691

 
200,413

 
340,805

 
179,156

Customer lists and other
2,566,983

 
765,966

 
1,362,521

 
656,552

Total
$
3,374,723

 
$
1,067,239

 
$
1,854,240

 
$
931,669

Acquired intangible assets with purchase price allocation and weighted-average life
During 2017, the Company acquired intangible assets, either individually or as part of a group of assets, with an initial purchase price allocation and weighted-average life as follows:
 
Purchase Price Allocation
 
Weighted-Average Life
Patents
$
108,810

 
13 years
Trademarks
212,060

 
17 years
Customer lists and other
1,197,573

 
11 years
Total
$
1,518,443

 
12 years