Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v2.4.0.8
Intangible Assets and Goodwill
6 Months Ended
Dec. 31, 2013
Intangible Assets and Goodwill

F. Intangible Assets and Goodwill:

Intangible assets and goodwill consist of (in thousands):

 

     December 31,
2013
    June 30,
2013
 

Developed technology

   $ 45,115      $ 28,656   

Trade names

     20,939        17,659   

Customer relationships

     49,883        8,613   

Non-compete agreement

     2,800        400   
  

 

 

   

 

 

 
     118,737        55,328   

Accumulated amortization

     (20,191     (14,776
  

 

 

   

 

 

 
   $ 98,546      $ 40,552   
  

 

 

   

 

 

 

Goodwill

   $ 144,361      $ 84,336   
  

 

 

   

 

 

 

Changes to the carrying amount of net intangible assets for the six months ended December 31, 2013 consists of (in thousands):

 

Beginning balance

   $ 40,552   

Acquisition

     60,500   

Amortization expense

     (4,775

Currency translation

     2,269   
  

 

 

 

Ending balance

   $ 98,546   
  

 

 

 

The estimated future amortization expense for intangible assets as of December 31, 2013 is as follows (in thousands):

 

Period Ending June 30:

  

2014

   $ 5,211   

2015

     10,421   

2016

     10,401   

2017

     9,591   

2018

     9,542   

Thereafter

     53,380   
  

 

 

 
   $ 98,546   
  

 

 

 

The change in the carrying amount of goodwill for the six months ended December 31, 2013 resulted from the Bionostics acquisition and currency translation.