Goodwill And Other Intangible Assets, Net

12 Months Ended

Jun. 30, 2014

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, 2014 and June 30, 2013 (in thousands):


	2014		2013
Balance at the beginning of the period	$	274,829	$	256,209
Business acquisition (note 22)		3,227		13,876
Foreign currency translation adjustments		11,256		4,744
Balance at the end of the period	$	289,312	$	274,829

As at June 30, 2014 we have not recorded any accumulated goodwill impairments.

Other Intangible Assets

Other intangibles, net are comprised of the following as of June 30, 2014 and June 30, 2013:


	2014		2013
Developed/core product technology	$	76,015	$	72,698
Accumulated amortization		(54,073)		(45,492)
Developed/core product technology, net		21,942		27,206
Trade names		2,784		2,662
Accumulated amortization		(2,697)		(2,491)
Trade names, net		87		171
Non-compete agreements		2,135		2,068
Accumulated amortization		(1,768)		(1,265)
Non-compete agreements, net		367		803
Customer relationships		24,593		22,291
Accumulated amortization		(20,877)		(17,095)
Customer relationships, net		3,716		5,196
Patents		70,734		59,962
Accumulated amortization		(51,648)		(43,699)
Patents, net		19,086		16,263
Total other intangibles, net	$	45,198	$	49,639

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 details of acquisitions made during the year.

Amortization expense related to identifiable intangible assets, including patents, for the year ended June 30, 2014 was $15.9 million. Estimated annual amortization expense for the years ending June 30, 2015 through June 30, 2019, is shown below (in thousands):


Fiscal Year	Amortization expense
2015	$	14,691
2016		12,908
2017		9,084
2018		5,278
2019		3,120

- 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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