Quarterly report pursuant to Section 13 or 15(d)

Intangible assets and goodwill

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Intangible assets and goodwill
3 Months Ended
Sep. 30, 2012
Intangible assets and goodwill

E. Intangible assets and goodwill:

Intangible assets consist of (in thousands):

 

     September 30,     June 30,  
     2012     2012  

Developed technology

   $ 30,112      $ 29,410   

Trade names

     18,069        17,871   

Customer relationships

     8,804        8,712   

Non-compete agreement

     400        400   
  

 

 

   

 

 

 
     57,385        56,393   

Accumulated amortization

     (11,312     (9,917
  

 

 

   

 

 

 
   $ 46,073      $ 46,476   
  

 

 

   

 

 

 

The change in the carrying amount of net intangible assets for the quarter ended September 30, 2012 resulted from amortization expense and currency translation. Amortization expense related to technologies included in cost of sales was $753,000 and $764,000, respectively, for the quarters ended September 30, 2012 and 2011. Amortization expense related to trade names, customer relationships, and the non-compete agreement included in selling, general and administrative expense was $519,000 and $521,000 for the quarters ended September 30, 2012 and 2011, respectively.

The change in the carrying amount of goodwill for the quarter ended September 30, 2012 resulted from currency translation.