Goodwill and Intangible Assets (Tables)

12 Months Ended

Jun. 30, 2017

The following table summarizes the activity in the Company's goodwill account by segment during the years ended 2017 and 2016 (in thousands):




	Precision Components Group		3DMT Group		Flanges and Fittings Group		Consolidated
Balance, June 30, 2015	$	10,285	$	2,804	$	1,712	$	14,801
Held for sale		(3,374)		—		(1,712)		(5,086)
Balance, June 30, 2016		6,911		2,804		—		9,715
Adjustments (1)		2,804		(2,804)		—		—
Impairments (2)		(3,303)		—		—		(3,303)
Balance, June 30, 2017	$	6,412	$	—	$	—	$	6,412

(1)

During the fiscal fourth quarter of 2017, the Company revised its business segments, which resulted in transferring the goodwill related to its ATC subsidiary from the 3DMT Group to the Precision Components Group.

(2)

The Company reviewed its future projections during the fourth quarter of 2017. By utilization of a discounted cash flow analysis, which takes into account projected revenues and expenses, the Company determined that the goodwill of ATC and Kecy were impaired, resulting in a charge of $3.3 million.

Summary of intangible assets

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


	As of June 30, 2017						As of June 30, 2016
	Gross						Gross
	Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
Intangible assets:	Amount		Amortization		Amount		Amount		Amortization		Amount
Patents and tradenames	$	3,418		(717)	$	2,701	$	3,773	$	(766)	$	3,007
Customer relationships		24,077		(8,429)		15,648		24,077		(6,021)		18,056
Non-compete agreements		3,642		(2,367)		1,275		3,642		(1,639)		2,003
Total	$	31,137	$	(11,513)	$	19,624	$	31,492	$	(8,426)	$	23,066

Schedule of estimated future amortization expense of intangible assets

Estimated future amortization expense for the next five years as of June 30, 2017, is as follows (in thousands):


Fiscal Years	Amount
2018	$	3,364
2019		3,182
2020		2,636
2021		2,636
2022		2,636
Thereafter		5,170
Total	$	19,624