Inventories consist of (in thousands):

 

		September 30,				June 30,
		2018				2018
Raw materials		$	32,082			$	30,956
Finished goods			58,836				54,692
Inventories, net		$	90,918			$	85,648

 

 

Property and equipment consist of (in thousands):

 

		September 30,				June 30,
		2018				2018
Land		$	7,065			$	7,065
Buildings and improvements			171,580				170,110
Machinery and equipment			115,769				107,625
Property and equipment, cost			294,414				284,800
Accumulated depreciation and amortization			(147,903	)			(139,452	)
Property and equipment, net		$	146,511			$	145,348

 

 

Intangible assets consist of (in thousands):

 

		September 30,				June 30,
		2018				2018
Developed technology		$	505,131			$	305,303
Trade names			89,567				89,608
Customer relationships			212,702				212,228
Patents			1,707				1,401
Intangible assets			809,107				608,540
Accumulated amortization			(176,421	)			(162,208	)
Intangible assets, net		$	632,686			$	446,332

 

Changes to the carrying amount of net intangible assets for the quarter ended consist of (in thousands):

 

Beginning balance		$	446,332
Acquisitions			200,000
Other additions			285
Amortization expense			(14,313	)
Currency translation			382
Ending balance		$	632,686

 

 

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

 

2019 remainder		$	45,850
2020			60,475
2021			60,120
2022			58,424
2023			56,549
Thereafter			351,268
Total		$	632,686

 

 

Changes to the carrying amount of goodwill for the quarter ended consist of (in thousands):

 

		Protein Sciences				Diagnostics and Genomics				Total
Beginning balance		$	347,918				249,972			$	597,890
Acquisitions (Note 4)			9,790				96,592				106,382
Currency translation			537				(19	)			518
Ending balance		$	358,245			$	346,545			$	704,790

 

 

We evaluate the carrying value of goodwill in the quarter of each fiscal year and between annual evaluations if events occur or circumstances change that would indicate a possible impairment. The Company performed a quantitative assessment for all of its reporting units during the quarter of fiscal The quantitative assessment indicated that all of the reporting units had substantial headroom as of

 

triggering events were identified during the quarter ended There has been impairment of goodwill since the adoption of Financial Accounting Standards Board (“FASB”) ASC guidance for goodwill and other intangibles on