Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets

v2.4.0.6
Goodwill and Intangible Assets
9 Months Ended
Mar. 30, 2013
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
Goodwill and Intangible Assets
Components of intangible assets consist of the following (in thousands):
 
March 30, 2013
 
June 30, 2012
 
 
 
Cost
Accumulated Amortization
Net Value
 
Cost
Accumulated Amortization
Net Value
 
Economic Life
 
 
 
 
 
 
 
 
 
 
Goodwill
$
16,812

$

$
16,812

 
$
16,812

$

$
16,812

 
N/A
 
 
 
 
 
 
 
 
 
 
Intangibles:
 
 
 
 
 
 
 
 
 
Tradename/trademarks
$
1,530

$
(583
)
$
947

 
$
1,530

$
(526
)
$
1,004

 
20 yrs
Customer relationships
7,220

(2,757
)
4,463

 
7,220

(2,486
)
4,734

 
20 yrs
Technology
1,220

(398
)
822

 
1,220

(307
)
913

 
10 yrs
Non-compete agreements
517

(407
)
110

 
517

(371
)
146

 
4 – 8.5 yrs
Total intangibles
$
10,487

$
(4,145
)
$
6,342

 
$
10,487

$
(3,690
)
$
6,797

 
 


Amortization expense for intangible assets was $0.2 million and $0.5 million for the three months and nine months ended March 30, 2013, respectively, and $0.6 million for the fiscal year ended June 30, 2012. Amortization expense is estimated to be approximately $0.6 million each for fiscal years 2013, 2014, 2015, 2016 and 2017.