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Goodwill and intangible assets
3 Months Ended
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets
Goodwill and intangible assets
The changes in the carrying amount of goodwill for the three months ended September 30, 2018 are as follows:
 
Diversified Industrial
Segment
 
Aerospace
Systems
Segment
 
Total
Balance at June 30, 2018
$
5,405,771

 
$
98,649

 
$
5,504,420

Acquisition
3,753

 

 
3,753

Foreign currency translation and other
(23,026
)
 
(3
)
 
(23,029
)
Balance at September 30, 2018
$
5,386,498

 
$
98,646

 
$
5,485,144


The acquisition line represents the original goodwill allocation during the measurement period subsequent to the applicable acquisition date.
Intangible assets are amortized on the straight-line method over their legal or estimated useful lives. The following summarizes the gross carrying value and accumulated amortization for each major category of intangible assets:
 
September 30, 2018
 
June 30, 2018
 
Gross Carrying
Amount
 
Accumulated
Amortization
 
Gross Carrying
Amount
 
Accumulated
Amortization
Patents
$
264,826

 
$
121,067

 
$
265,423

 
$
117,440

Trademarks
545,811

 
233,800

 
546,905

 
227,580

Customer lists and other
2,472,727

 
972,396

 
2,482,079

 
933,867

Total
$
3,283,364

 
$
1,327,263

 
$
3,294,407

 
$
1,278,887


Total intangible amortization expense for the three months ended September 30, 2018 was $53,489. The estimated amortization expense for the five years ending June 30, 2019 through 2023 is $196,984, $186,587, $181,969, $176,074 and $168,554, respectively.
Intangible assets are evaluated for impairment whenever events or circumstances indicate that the undiscounted net cash flows to be generated by their use over their expected useful lives and eventual disposition may be less than their net carrying value. No such events or circumstances occurred during the three months ended September 30, 2018.