Goodwill And Other Intangible Assets, Net

12 Months Ended

Jun. 30, 2020

Goodwill And Other Intangible Assets, Net [Abstract]

Goodwill And Other Intangible Assets, Net

(5)  Goodwill and Other Intangible Assets, net

Goodwill

For each of the years ended June 30, 2020 and June 30, 2019, we have not recorded any goodwill impairments. Changes in the carrying amount of goodwill is comprised of the following for the year ended June 30, 2020 (in thousands):

	2020
	Sleep and ‎Respiratory Care		SaaS		Total
Balance at the beginning of the period	$	616,965	$	1,239,484	$	1,856,449
Business acquisitions		266		20,109		20,375
Adjustment to fair values of preliminary purchase price allocations		526		16,283		16,809
Foreign currency translation adjustments		(3,309)		-		(3,309)
Balance at the end of the period	$	614,448	$	1,275,876	$	1,890,324

Other Intangible Assets

Other intangibles, net are comprised of the following as of June 30, 2020 and June 30, 2019 (in thousands):

	2020		2019
Developed/core product technology	$	382,806	$	401,842
Accumulated amortization		(197,670)		(157,651)
Developed/core product technology, net		185,136		244,191
Customer relationships		279,370		273,114
Accumulated amortization		(80,922)		(68,630)
Customer relationships, net		198,448		204,484
Other intangibles		177,091		176,351
Accumulated amortization		(112,507)		(103,076)
Other intangibles, net		64,584		73,275
Total other intangibles, net	$	448,168	$	521,950

Intangible assets consist of developed/core product technology, trade names, non-compete agreements, customer relationships, and patents, and we amortize them over the estimated useful life of the assets, generally between two years and fifteen years. There are no expected residual values related to these intangible assets.

Refer to note 18 of the consolidated financial statements for details of acquisitions.

Amortization expense related to identified intangible assets for the years ended June 30, 2020 and June 30, 2019 was $79.7 million and $74.9 million, respectively. Amortization expense related to patents for the years ended June 30, 2020 and June 30, 2019 was $8.3 million and $8.1 million, respectively. Total estimated annual amortization expense for the years ending June 30, 2021 through June 30, 2025, is shown below (in thousands):

	Fiscal Years Ending June 30
	2021		2022		2023		2024		2025
Estimated amortization expense	$	80,636	$	72,219	$	55,015	$	50,628	$	45,298