Annual report pursuant to Section 13 and 15(d)

Goodwill and intangible assets (Tables)

 v2.3.0.11
Goodwill and intangible assets (Tables)
12 Months Ended
Jun. 30, 2011
Changes in Carrying Amount of Goodwill

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

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 in Carrying Amount of Net Intangible Assets

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   
  

 

 

   

 

 

 
Estimated Future Amortization Expense for Intangible Assets

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