Goodwill, Intangibles and Other Long-lived Assets (Tables)

3 Months Ended

Sep. 28, 2014

Goodwill, Intangibles and Other Long-lived Assets

Schedule of goodwill

The following table summarizes the activity in the Company’s goodwill account during the three month periods ended as follows (in thousands):

	Amount
Balance, June 30, 2014	$	16,357
Purchase accounting adjustment	(668		)
Balance, September 28, 2014	$	15,689

Schedule of intangible assets

The following table summarizes the Company’s intangible assets as follows (in thousands):

	As of September 28, 2014							As of June 30, 2014
Intangible assets:	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Patents and tradenames	$	3,773	$	(349	)	$	3,424	$	3,773	$	(290	)	$	3,483
Customer relationships	24,077		(1,807		)	22,270		24,077		(1,205		)	22,872
Non-compete agreements and other	4,652		(389		)	4,263		4,652		(182		)	4,470
Total	$	32,502	$	(2,545	)	$	29,957	$	32,502	$	(1,677	)	$	30,825

Schedule of estimated future amortization expense of intangible assets

Estimated future amortization expense for the next five years as of September 28, 2014, is as follows (in thousands):

Fiscal Years	Amount
2015 (1)	$	2,603
2016	3,471
2017	3,471
2018	3,470
2019	3,285
Thereafter	13,657
Total	$	29,957

(1) Represents estimated amortization for the nine month period ended June 30, 2015.