Annual report pursuant to Section 13 and 15(d)

Goodwill and intangible assets

Goodwill and intangible assets

12 Months Ended

Jun. 30, 2011

F. Goodwill and intangible assets:

Changes to the carrying amount of goodwill consists of (in thousands)


	Year Ended June 30,
	2011			2010
Beginning balance	$	25,068		$	25,068
Acquisitions		62,865			0
Currency translation		(1,300	)		0

Ending balance	$	86,633		$	25,068

Intangible assets consist of (in thousands):


		June 30,
	Useful Life	2011			2010
Developed technology	8-12 years		29,943			3,483
Trade names	12-15 years		18,021			0
Customer relationships	8-14 years	$	8,781		$	1,966
Non-compete agreement	5 years		400			0

			57,145			5,449
Accumulated amortization			(4,863	)		(3,405	)

		$	52,282		$	2,044

Changes to the carrying amount of net intangible assets consists of (in thousands)


	Year Ended June 30,
	2011			2010
Beginning balance	$	2,044		$	3,004
Acquisitions		52,725			0
Amortization expense		(1,464	)		(960	)
Currency translation		(1,023	)		0

Ending balance	$	52,282		$	2,044

Amortization expense related to technologies included in cost of sales was $890,000, $435,000 and $435,000 in fiscal 2011, 2010 and 2009, respectively. Amortization expense related to trade names, customer relationships, and the non-compete agreement included in selling, general and administrative expense was $574,000, $525,000 and $525,000 in fiscal 2011, 2010 and 2009, respectively.

The estimated future amortization expense for intangible assets as of June 30, 2011 is as follows (in thousands):


Year Ending June 30:
2012	$	5,135
2013		5,135
2014		4,454
2015		4,453
2016		4,434
Thereafter		28,671

	$	52,282

- 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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