Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

v2.4.0.8
Intangible Assets and Goodwill (Tables)
 12 Months Ended
Jun. 30, 2013
Intangible Assets

Intangible assets and goodwill consist of (in thousands):

 

            June 30,        
     Useful Life      2013     2012  

Developed technology

      8-12 years       $ 28,656      $ 29,410   

Trade names

      12-15 years         17,659        17,871   

Customer relationships

      8-14 years         8,613        8,712   

Non-compete agreement

      5 years         400        400   
     

 

 

    

 

 

  
        55,328        56,393   

Accumulated amortization

         (14,776 )      (9,917 ) 
     

 

 

    

 

 

  
      $ 40,552      $ 46,476   
     

 

 

    

 

 

  

Goodwill

       $ 84,336      $ 85,682   
     

 

 

    

 

 

  
Changes in Carrying Amount of Goodwill

Changes to the carrying amount of net intangible assets consists of (in thousands)

 

     Year Ended June 30,  
     2013     2012  

Beginning balance

    $ 46,476      $ 52,282   

Amortization expense

      (5,061 )      (5,094 ) 

Currency translation

      (863 )      (712 ) 
  

 

 

    

 

 

  

Ending balance

    $ 40,552      $ 46,476   
  

 

 

    

 

 

  
Estimated Future Amortization Expense for Intangible Assets

The estimated future amortization expense for intangible assets as of June 30, 2013 is as follows (in thousands):

 

Year Ending June 30:

       

2014

    $ 4,289   

2015

      4,289   

2016

      4,269   

2017

      4,209   

2018

      4,209   

Thereafter

      19,287   
  

 

 

  
   $ 40,552