| Schedule of Intangible assets |
Intangible assets are comprised of the following:
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Weighted Average Amortization Period |
|
Gross Carrying Amount |
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Accumulated Amortization |
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|
Net Carrying Amount |
|
At June 30, 2024 |
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Intangibles subject to amortization: |
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Customer relationships |
8 - 20 years |
|
$ |
16,200 |
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|
$ |
2,186 |
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|
$ |
14,014 |
|
Technology and technical know-how |
10 - 20 years |
|
|
12,600 |
|
|
|
1,724 |
|
|
|
10,876 |
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Backlog |
4 years |
|
|
3,900 |
|
|
|
3,733 |
|
|
|
167 |
|
Tradename |
3 years |
|
|
300 |
|
|
|
66 |
|
|
|
234 |
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|
|
|
$ |
33,000 |
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|
$ |
7,709 |
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|
$ |
25,291 |
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|
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|
Intangibles not subject to amortization: |
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Tradename |
Indefinite |
|
$ |
6,700 |
|
|
$ |
— |
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|
$ |
6,700 |
|
|
|
|
$ |
6,700 |
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|
$ |
— |
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|
$ |
6,700 |
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|
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|
|
|
Weighted Average Amortization Period |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
At June 30, 2023 |
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|
|
|
|
|
|
|
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Intangibles subject to amortization: |
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|
|
|
|
|
|
|
|
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Customer relationships |
20 years |
|
$ |
11,800 |
|
|
$ |
1,229 |
|
|
$ |
10,571 |
|
Technology and technical know-how |
20 years |
|
|
10,100 |
|
|
|
1,052 |
|
|
|
9,048 |
|
Backlog |
4 years |
|
|
3,900 |
|
|
|
3,162 |
|
|
|
738 |
|
|
|
|
$ |
25,800 |
|
|
$ |
5,443 |
|
|
$ |
20,357 |
|
|
|
|
|
|
|
|
|
|
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|
Intangibles not subject to amortization: |
|
|
|
|
|
|
|
|
|
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Tradename |
Indefinite |
|
$ |
6,700 |
|
|
$ |
— |
|
|
$ |
6,700 |
|
|
|
|
$ |
6,700 |
|
|
$ |
— |
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|
$ |
6,700 |
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| Schedule of Estimated Annual Amortization Expense |
The estimated annual amortization expense by fiscal year is as follows:
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Annual Amortization |
|
Remainder of 2025 |
|
$ |
1,664 |
|
2026 |
|
|
1,995 |
|
2027 |
|
|
1,953 |
|
2028 |
|
|
1,895 |
|
2029 |
|
|
1,895 |
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2030 and thereafter |
|
|
15,889 |
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Total intangible amortization |
|
$ |
25,291 |
|
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|