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Goodwill and Other Intangible Assets
 12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
Goodwill represents the excess of the cost over the net tangible and identifiable intangible assets of acquired businesses. Identifiable intangible assets acquired in business combinations are recorded based upon fair value at the date of acquisition.
Changes in the carrying amount of goodwill were as follows ($000):
Year Ended June 30, 2022Year Ended June 30, 2021
Photonic
Solutions		Compound
Semiconductors		TotalPhotonic
Solutions		Compound
Semiconductors		Total
Balance-beginning of period$1,053,028 $243,699 $1,296,727 $1,052,494 $186,515 $1,239,009 
Goodwill acquired— — — — 54,634 54,634 
Finisar measurement period adjustments— — — (4,901)— (4,901)
Foreign currency translation(4,285)(6,683)(10,968)5,435 2,550 7,985 
Balance-end of period$1,048,743 $237,016 $1,285,759 $1,053,028 $243,699 $1,296,727 
The gross carrying amount and accumulated amortization of the Company’s intangible assets other than goodwill as of June 30, 2022 and 2021 were as follows ($000):
June 30, 2022June 30, 2021
Gross
Carrying
Amount		Accumulated
Amortization		Net
Book
Value		Gross
Carrying
Amount		Accumulated
Amortization		Net
Book
Value
Technology$473,845 $(144,409)$329,436 $476,200 $(106,802)$369,398 
Trade Names22,536 (7,454)15,082 22,660 (6,233)16,427 
Customer Lists464,880 (173,994)290,886 469,154 (136,519)332,635 
Other1,563 (1,563)— 1,576 (1,576)— 
Total$962,824 $(327,420)$635,404 $969,590 $(251,130)$718,460 
Amortization expense recorded on the intangible assets for the fiscal years ended June 30, 2022, 2021 and 2020 was $80 million, $82 million, and $64 million, respectively. The technology intangible assets are being amortized over a range of 60 to 240 months with a weighted-average remaining life of approximately 153 months and the amortization is recorded in cost of goods sold in our Consolidated Statements of Earnings (Loss). The customer lists are being amortized over 60 to 240 months with a weighted-average remaining life of approximately 135 months and the amortization is recorded in SG&A in our Consolidated Statements of Earnings (Loss).
In connection with past acquisitions, the Company acquired trade names with indefinite lives. The carrying amount of these trade names of $14 million as of June 30, 2022 is not amortized but tested annually for impairment. The Company completed its impairment test of these trade names with indefinite lives in the fourth quarter of fiscal years 2022 and 2021. Based on the results of these tests, the trade names were not impaired.
The estimated amortization expense for existing intangible assets for each of the five succeeding years is as follows ($000):
Year Ending June 30,
2023$77,480 
202475,607 
202574,119 
202672,265 
202770,495