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Goodwill and Other Intangible Assets
 12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible AssetsGoodwill 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, 2023
NetworkingMaterialsLasersTotal
Balance at beginning of period$1,013,277 $272,482 $— $1,285,759 
Goodwill acquired— — 3,174,984 3,174,984 
Foreign currency translation22,927 (24,787)53,817 51,957 
Balance-end of period$1,036,204 $247,695 $3,228,801 $4,512,700 
Year Ended June 30, 2022
NetworkingMaterialsLasersTotal
Balance-beginning of period$1,053,028 $243,699 $— $1,296,727 
Transfer between segments(1)
(35,466)35,466 — — 
Foreign currency translation(4,285)(6,683)— (10,968)
Balance-end of period$1,013,277 $272,482 $— $1,285,759 
(1) Refer to Note 14. Segment Reporting for information regarding the segment transfer of goodwill between segments.
The gross carrying amount and accumulated amortization of our intangible assets other than goodwill as of June 30, 2023 and 2022 were as follows ($000):
June 30, 2023June 30, 2022
Gross
Carrying
Amount		Accumulated
Amortization		Net
Book Value		Gross
Carrying
Amount		Accumulated
Amortization		Net
Book Value
Technology$1,661,263 $(270,786)$1,390,477 $473,845 $(144,409)$329,436 
Trade Names438,470 (8,279)430,191 22,536 (7,454)15,082 
Customer Lists2,333,360 (339,344)1,994,016 464,880 (173,994)290,886 
Backlog and Other88,834 (88,834)— 1,563 (1,563)— 
Total$4,521,927 $(707,243)$3,814,684 $962,824 $(327,420)$635,404 

Refer to Note 3. Coherent Acquisition for further information on intangibles acquired in the year ended June 30, 2023.
Amortization expense recorded on the intangible assets for the fiscal years ended June 30, 2023, 2022 and 2021 was $414 million, $80 million, and $82 million, respectively. The technology intangible assets are being amortized over a range of 72 to 228 months with a weighted-average remaining life of approximately 142 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 72 to 180 months with a weighted-average remaining life of approximately 157 months, and the amortization is recorded in SG&A in our Consolidated Statements of Earnings (Loss).
Amortization expense in the fiscal year ended June 30, 2023 includes a total of $39 million of impairment charges, with $33 million in the Materials segment and $7 million in the Networking segment. $25 million of the impairment charges related to the abandonment of certain purchased technology and customer lists, with $8 million recorded in cost of goods sold and $18 million recorded in SG&A in our Consolidated Statements of Earnings (Loss). $14 million of impairment charges, recorded in SG&A, related to the abandonment of indefinite-lived trade names.
In connection with past acquisitions, the Company acquired trade names with indefinite lives. In conjunction with our annual impairment test for indefinite-lived intangibles in the fourth quarter of fiscal year 2023, we recognized impairment charges related to trade names for older acquisitions of $14 million, primarily due to the fiscal 2023 rebranding of the Company as Coherent Corp. We concluded that the $430 million indefinite-lived Coherent trade name acquired in the Merger was not impaired. In the fourth quarter of fiscal year 2022, we had completed our impairment test of these trade names with indefinite lives with no resulting impairment.
The estimated amortization expense for existing intangible assets for each of the five succeeding years is as follows ($000):
Year Ending June 30,
2024$287,493 
2025285,667 
2026284,089 
2027283,376 
2028281,688