Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets and Goodwill

v2.4.0.8
Intangible Assets and Goodwill
3 Months Ended
Sep. 30, 2013
Intangible Assets and Goodwill

F. Intangible Assets and Goodwill:

Intangible assets and goodwill consist of (in thousands):

 

     September 30,     June 30,  
     2013     2013  

Developed technology

   $ 44,546      $ 28,656   

Trade names

     20,779        17,659   

Customer relationships

     49,808        8,613   

Non-compete agreement

     2,800        400   
  

 

 

   

 

 

 
     117,933        55,328   

Accumulated amortization

     (17,410     (14,776
  

 

 

   

 

 

 
   $ 100,523      $ 40,552   
  

 

 

   

 

 

 

Goodwill

   $ 143,800      $ 84,336   
  

 

 

   

 

 

 

Changes to the carrying amount of net intangible assets for the quarter ended September 30, 2013 consists of (in thousands):

 

Beginning balance

   $ 40,552   

Acquisition

     60,500   

Amortization expense

     (2,188

Currency translation

     1,659   
  

 

 

 

Ending balance

   $ 100,523   
  

 

 

 

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

 

Period Ending June 30:

      

2014

   $ 7,761   

2015

     10,348   

2016

     10,328   

2017

     9,519   

2018

     9,468   

Thereafter

     53,099   
  

 

 

 
   $ 100,523   
  

 

 

 

The change in the carrying amount of goodwill for the quarter ended September 30, 2013 resulted from the Bionostics acquisition and currency translation.