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Intangible Assets (Tables)
3 Months Ended
Sep. 27, 2015
Intangible Assets  
Summary of intangible assets

 

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

 

 

 

As of September 27, 2015

 

As of June 30, 2015

 

 

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net Carrying
Amount

 

Gross
Carrying
Amount

 

Accumulated
Amortization

 

Net Carrying
Amount

 

Intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

Patents and tradenames

 

$

3,773

 

$

(587

)

$

3,186

 

$

3,773

 

$

(527

)

$

3,246

 

Customer relationships

 

24,077

 

(4,215

)

19,862

 

24,077

 

(3,613

)

20,464

 

Non-compete agreements and other

 

3,642

 

(1,093

)

2,549

 

3,642

 

(911

)

2,731

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

 

$

31,492

 

$

(5,895

)

$

25,597

 

$

31,492

 

$

(5,051

)

$

26,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated future amortization expense of intangible assets

Estimated future amortization expense for the next five years as of September 27, 2015, is as follows (in thousands):

 

Fiscal Years

 

Amount

 

2016 (1)

 

$

2,531 

 

2017

 

3,375 

 

2018

 

3,375 

 

2019

 

3,191 

 

2020

 

2,643 

 

Thereafter

 

10,482 

 

 

 

 

 

Total

 

$

25,597 

 

 

 

 

 

 

 

(1)

Represents estimated amortization for the nine month period ended June 30, 2016.