Goodwill and Intangible Assets Goodwill and Intangible Assets (Notes)

12 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

GOODWILL AND INTANGIBLE ASSETS

Goodwill

The changes in the carrying amount of goodwill for Fiscal Years 2017 and 2016 were as follows:



(dollars in millions)	CRS			PC			PI			Consolidated
Goodwill - June 30, 2015	$	143.8		$	20.6		$	190.5		$	354.9
Effect of changes in business segments	3.9			(3.9		)	—			—
Goodwill arising from Health Advances acquisition	—			52.5			—			52.5
Effect of changes in exchange rates used for translation	(5.9		)	(2.1		)	(10.2		)	(18.2		)
Goodwill - June 30, 2016	$	141.8		$	67.1		$	180.3		$	389.2
Goodwill arising from ExecuPharm acquisition	58.6			—			—			58.6
Goodwill arising from TMAC acquisition	25.8			—			—			25.8
Effect of changes in exchange rates used for translation	1.6			2.9			(1.8		)	2.7
Goodwill - June 30, 2017	$	227.8		$	70.0		$	178.5		$	476.3

Long-lived Assets and Other Intangible Assets

As of June 30, 2017, intangible assets consisted of the following:



(dollars in millions)	Weighted Average Useful Life (Years)	Cost		Accumulated Amortization/ Effect of Exchange Rate Changes			Net
Intangible Asset	Weighted Average Useful Life (Years)	Cost		Accumulated Amortization/ Effect of Exchange Rate Changes			Net
Customer relationships and backlog	12.5	$	271.0	$	(97.2	)	$	173.8
Technology and other intangibles	8.0	39.5		(34.9		)	4.6
Definite-life tradename	5.4	9.2		(4.1		)	5.1
Indefinite-life tradename *	indefinite	22.2		(5.9		)	16.3
Total intangible assets		$	341.9	$	(142.1	)	$	199.8
* The tradename acquired in the ClinPhone acquisition has an indefinite useful life.

As of June 30, 2016, intangible assets consisted of the following:



(dollars in millions)	Weighted Average Useful Life (Years)	Cost		Accumulated Amortization/ Effect of Exchange Rate Changes			Net
Intangible Asset	Weighted Average Useful Life (Years)	Cost		Accumulated Amortization/ Effect of Exchange Rate Changes			Net
Customer relationships and backlog	11.6	$	176.1	$	(74.5	)	$	101.6
Technology and other intangibles	8.0	39.5		(31.4		)	8.1
Definite-life tradename	6.6	6.9		(2.4		)	4.5
Indefinite-life tradename *	indefinite	22.1		(5.6		)	16.5
Total intangible assets		$	244.6	$	(113.9	)	$	130.7
* The tradename acquired in the ClinPhone acquisition has an indefinite useful life.

The changes in the carrying amounts of other intangible assets for Fiscal Years 2017 and 2016 were as follows:



(dollars in millions)	Fiscal Year 2017			Fiscal Year 2016
Beginning balance	$	130.7		$	142.1
Intangibles assets acquired from Health Advances acquisition	—			15.0
Intangibles assets acquired from ExecuPharm acquisition	87.1			—
Intangibles assets acquired from TMAC acquisition	10.2			—
Amortization	(27.7		)	(22.3		)
Effect of changes in exchange rates used for translation	(0.5		)	(4.1		)
Ending balance	$	199.8		$	130.7

Estimated amortization expense for the next five fiscal years is as follows:



(dollars in millions)
2018	2019	2020	2021	2022
$29.5	$26.7	$25.5	$21.9	$17.7

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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