Annual report pursuant to Section 13 and 15(d)

Intangible Assets, Net

v3.7.0.1
Intangible Assets, Net
12 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets, Net
9.  Intangible Assets, 
     Net  
Customer-related intangibles, tradenames and other intangible assets consist of the following (in thousands):

 

June 30,  

Estimated

Useful Lives

(in years)

  2017   2016
             
Customer-related intangibles     10     $ 4,180     $  
Tradenames     Indefinite       2,755      
Covenants not to compete     5       543        
License agreements     10       529       529  
Trademarks and patents     10-15       226       226  
              8,233       755  
Accumulated amortization             (1,073 )     (728 )
            $ 7,160     $ 27  

 

 

Amortization expense was approximately $345,000 in fiscal 2017 and $6,800 in fiscal 2016.

Based on the carrying amount of intangible assets as of June 30, 2017, and assuming no future impairment of the underlying assets, the estimated future amortization at the end of each fiscal year is as follows (in thousands):

 

Fiscal years ending June 30,    
     
     
2018   $ 533  
2019     533  
2020     532  
2021     526  
2022     460  
Thereafter     1,821  
    Total   $ 4,405