Rendering

Component: (Network and Table)
Network
30503 - Disclosure - Goodwill and Intangible Assets (Tables)
(http://www.arcgroupworldwide.com/role/DisclosureGoodwillAndIntangibleAssetsTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000826326 (http://www.sec.gov/CIK)
Goodwill and Intangible AssetsPeriod [Axis]
2015-07-01 - 2016-06-30
Goodwill and Intangible Assets
 
Summary of goodwill activity

The following table summarizes the activity in the Company's goodwill account by segment during the years ended 2016 and 2015 (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Precision Components Group

 

3DMT Group

 

Flanges and Fittings Group

 

Consolidated

 

Balance, June 30, 2014

 

$
11,210

 

$
3,435

 

$
1,712

 

$
16,357

 

Purchase accounting adjustments

 

 
(925)

 

 
(631)

 

 

 —

 

 
(1,556)

 

Balance, June 30, 2015

 

 
10,285

 

 
2,804

 

 
1,712

 

 
14,801

 

Adjustments

 

 

 —

 

 

 —

 

 

 —

 

 

 —

 

Balance, June 30, 2016

 

$
10,285

 

$
2,804

 

$
1,712

 

$
14,801

 

 

  
Summary of intangible assets

The following table summarizes the Company's intangible assets as follows (in thousands):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

As of June 30, 2016

 

As of June 30, 2015

 

 

 

Gross

 

 

 

 

 

 

 

Gross

 

 

 

 

 

 

 

 

 

Carrying

 

Accumulated

 

Net Carrying

 

Carrying

 

Accumulated

 

Net Carrying

 

Intangible assets:

    

Amount

    

Amortization

    

Amount

     

Amount

    

Amortization

    

Amount

 

Patents and tradenames

 

$
3,773

 

$
(766)

 

$
3,007

 

$
3,773

 

$
(527)

 

$
3,246

 

Customer relationships

 

 
24,077

 

 
(6,021)

 

 
18,056

 

 
24,077

 

 
(3,613)

 

 
20,464

 

Non-compete agreements

 

 
3,642

 

 
(1,639)

 

 
2,003

 

 
3,642

 

 
(911)

 

 
2,731

 

Total

 

$
31,492

 

$
(8,426)

 

$
23,066

 

$
31,492

 

$
(5,051)

 

$
26,441

 

 

  
Schedule of estimated future amortization expense of intangible assets

Estimated future amortization expense for the next five years as of June 30, 2016, is as follows (in thousands):

 

 

 

 

 

 

Fiscal Years

    

Amount

 

2017

 

$
3,375

 

2018

 

 
3,375

 

2019

 

 
3,191

 

2020

 

 
2,643

 

2021

 

 
2,643

 

Thereafter

 

 
7,839

 

Total

 

$
23,066