Note 3. Selected Balance Sheet Data:

Inventories:

Inventories consist of (in thousands):

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⁽¹⁾ Finished goods inventory of $5,580 and $5,111 included within other long-term assets in the respective March 31, 2023 and June 30, 2022, consolidated balance sheet. The inventory is included in long-term assets as it is forecasted to be sold after the 12 months subsequent to the consolidated balance sheet date.

Property and Equipment:

Property and equipment consist of (in thousands):

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Intangible Assets:

Intangible assets consist of (in thousands):

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Changes to the carrying amount of net intangible assets for the period ended March 31, 2023 consist of (in thousands):

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¹⁾ Includes the purchase of a $4.6 million intangible asset from Wilson Wolf, an equity method investee of the Company, during the quarter ended March 31, 2023. This asset will be amortized over a life of 10 years.

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The estimated future amortization expense for intangible assets as of March 31, 2023 is as follows (in thousands):

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Goodwill:

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Changes to the carrying amount of goodwill for the period ended March 31, 2023 consist of (in thousands):

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We evaluate the carrying value of goodwill in the fourth 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 goodwill impairment assessment for all of its reporting units during the fourth quarter of fiscal 2022. No indicators of impairment were identified as part of our assessment.

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Other Assets:

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Other assets consist of (in thousands):

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