8. GOODWILL AND INTANGIBLE ASSETS

SunLink’s Pharmacy segment has goodwill and intangible assets related to its Carmichael acquisition, which consists of:


Goodwill:
	June 30,
	2018			2017
Pharmacy segment	$	0		$	0


Intangible assets :	June 30,
	2018			2017
Pharmacy segment
Trade Name	$	1,180		$	1,180
Customer Relationships		1,089			1,089
Medicare License		623			623

		2,892			2,892
Accumulated Amortization		(1,422	)		(1,305	)

Total	$	1,470		$	1,587

Impairment testing—During the fourth quarter of fiscal 2018, we completed our annual impairment test of certain intangible assets and no impairment was indicated. During the fourth quarter of fiscal 2017, we completed our annual impairment testing of goodwill and certain intangible assets. The analysis resulted in a goodwill impairment charge of $461 related to the Pharmacy segment for fiscal 2017. Additionally, the Company recognized an $820 impairment charge to the trade name and a $146 impairment charge to the Medicare license for the fiscal year ended June 30, 2017 for the Pharmacy segment. The decline in fair value of our Pharmacy segment below its book value was primarily the result of lower than expected revenue, gross profit margin and customer growth relative to the assumptions made at the acquisition date.

The Trade Name intangible asset under the Pharmacy segment is a non-amortizing intangible asset. Customer Relationships intangible asset are being amortized over 12 years and Medicare License intangible asset are being amortized over 15 years. Amortization expense was $117 for the fiscal year ended June 30, 2018 and $142 for the fiscal year ended June 30, 2017.

Annual amortization of amortizing intangibles for the next five years is as follows:


2019	$	117
2020		100
2021		26
2022		26
2023		21

Total	$	290