Quarterly report pursuant to Section 13 or 15(d)

Goodwill

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Goodwill
9 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

Note (12) – Goodwill: The changes in the carrying amount of goodwill are as follows (in thousands):

 

Balance at June 30, 2019   $ 54,501  
Goodwill from acquisitions1     1,990  
Other     83  
Balance at March 31, 2020   $ 56,574  

1 Relates to the acquisitions consummated during the nine months ended March 31, 2020, as described in Note 3, “Acquisitions.”

 

The Company performed an impairment assessment of its goodwill and other intangible assets due to its conclusion that the impact of the current COVID-19 pandemic on the Company’s operations and financial results is an indicator that impairment may exist. Based on these impairment assessments, the Company determined that there was no impairment of the Company’s goodwill or other intangible assets as of March 31, 2020.