Note 7 - Goodwill and Intangibles

12 Months Ended

Jun. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

7. GOODWILL AND INTANGIBLES

The following tables present information about the Company’s intangible assets on the dates indicated (in thousands):

	June 30, 2014							June 30, 2013
	Cost		Accumulated Amortization			Net		Cost		Accumulated Amortization			Net
Goodwill	$	3,034	$	-		$	3,034	$	3,034	$	-		$	3,034
Identifiable intangible assets		10,720		(2,960	)		7,760		10,000		(1,778	)		8,222

Identifiable intangible assets consist of the following (in thousands):

	June 30, 2014			June 30, 2013
Non-compete agreements	$	600		$	600
Trademarks and trade names		1,480			1,480
Completed technology		2,358			2,010
Customer relationships		4,950			4,950
Software development		1,007			635
Other intangible assets		325			325
Total		10,720			10,000
Accumulated amortization		(2,960	)		(1,778	)
Total net balance	$	7,760		$	8,222

Identifiable intangible assets are being amortized on a straight-line basis over the period of expected economic benefit.  

The estimated aggregate amortization expense for each of the next five years, and thereafter, is as follows (in thousands):

Fiscal Year
2015	$	1,304
2016		1,304
2017		1,302
2018		1,234
2019		1,155
Thereafter		1,461

The Company performed a qualitative analysis in accordance with ASU 2011-08 for its Bytewise reporting unit for its October 1, 2013 annual assessment of goodwill (commonly referred to as “Step Zero”). From a qualitative perspective, in evaluating whether it is more likely than not that the fair value of the reporting units is not less than their respective carrying amount, relevant events and circumstances were taken into account, with greater weight assigned to events and circumstances that most affect the fair value of Bytewise or the carrying amounts of its assets. Items that were considered included, but were not limited to, the following: macroeconomic conditions, industry and market conditions, cost factors, overall financial performance, changes in management or key personnel, and other Bytewise specific events. After assessing these and other factors the Company determined that it was more likely than not that the fair value of the Bytewise reporting unit was not less than the carrying amount as of October 1, 2013. There were no triggering events identified from the annual assessment date through the fiscal year-end.