Selected Balance Sheet Data
|9 Months Ended|
Mar. 31, 2023
|Notes to Financial Statements|
|Selected Balance Sheet Data||
Note 3. Selected Balance Sheet Data:
Inventories consist of (in thousands):
(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):
Intangible assets consist of (in thousands):
Changes to the carrying amount of net intangible assets for the period ended March 31, 2023 consist of (in thousands):
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.
The estimated future amortization expense for intangible assets as of March 31, 2023 is as follows (in thousands):
Changes to the carrying amount of goodwill for the period ended March 31, 2023 consist of (in thousands):
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.
Other assets consist of (in thousands):
No definition available.
The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity.
Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef