Goodwill And Other Intangible Assets, Net

12 Months Ended

Jun. 30, 2013

Goodwill And Other Intangible Assets, Net [Abstract]

Goodwill And Other Intangible Assets, Net

(7) Goodwill and Other Intangible Assets, net

Goodwill

Changes in the carrying amount of goodwill for the years ended June 30, 2013 and June 30, 2012 (in thousands):


	2013		2012
Balance at the beginning of the period	$	256,209	$	235,487
Business acquisition (note 22)		13,876		51,798
Foreign currency translation adjustments		4,744		(31,076)
Balance at the end of the period	$	274,829	$	256,209

As at June 30, 2013 we have not recorded any accumulated goodwill impairments.

(7) Goodwill and Other Intangible Assets, net, Continued

Other Intangible Assets

Other intangibles, net are comprised of the following as of June 30, 2013 and June 30, 2012:


	2013		2012
Developed/core product technology	$	72,698	$	67,263
Accumulated amortization		(45,492)		(39,036)
Developed/core product technology, net		27,206		28,227
Trade names		2,662		2,628
Accumulated amortization		(2,491)		(2,276)
Trade names, net		171		352
Non compete agreements		2,068		2,321
Accumulated amortization		(1,265)		(886)
Non compete agreements, net		803		1,435
Customer relationships		22,291		22,783
Accumulated amortization		(17,095)		(14,097)
Customer relationships, net		5,196		8,686
Patents		59,962		58,389
Accumulated amortization		(43,699)		(42,262)
Patents, net		16,263		16,127
Total other intangibles, net	$	49,639	$	54,827

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 and nine years. There are no expected residual values related to these intangible assets.

Refer to Note 22 of the consolidated financial statements for further details of acquisitions made during the year.

Amortization expense related to identifiable intangible assets, including patents, for the year ended June 30, 2013 was $17.0 million. Estimated annual amortization expense for the years ending June 30, 2014 through June 30, 2018, is shown below (in thousands):


Fiscal Year		Amortization expense
2014	$	14,944
2015		12,233
2016		10,542
2017		6,766
2018		3,183

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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