Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.19.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows (in thousands):

 

 

Balance at June 30, 2017   $ 24,753  
    Goodwill from TRS Acquisition     4,974  
    Goodwill from AA Acquisition     7,334  
Balance at June 30, 2018     37,061  
    Goodwill from SEI Acquisition     6,350  
    Goodwill from PAC Acquisition     6,660  
    Goodwill from other acquisitions (as described in Note 3)     4,430  
Balance at June 30, 2019   $ 54,501
Schedule of License, Trademarks and Other Intangible Assets

Customer-related intangibles, tradenames and other intangible assets as of June 30, 2019 and 2018 consisted of the following (dollars in thousands):

June 30,  

Estimated

Useful Lives

(in years)

  2019   2018
             
Customer-related intangibles     8-10     $ 15,340     $ 10,380  
Tradenames     Indefinite       9,145       6,055  
Covenants not to compete     5       566       566  
License agreements     10       529       529  
Trademarks and patents     10-15       176       176  
              25,756       17,706  
Accumulated amortization             (3,405 )     (1,931 )
            $ 22,351     $ 15,775
Schedule of Estimated Future Amortization

Based on the carrying amount of intangible assets as of June 30, 2019, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year in the five-year period ending June 30, 2024 and thereafter is as follows (in thousands):  

Fiscal years ending June 30,    
     
     
2020   $ 1,665  
2021     1,659  
2022     1,593  
2023     1,550  
2024     1,550  
Thereafter     5,189  
  Total   $ 13,206