v3.22.4
Goodwill and Other Intangible Assets
6 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such carrying amounts, is as follows:
(in thousands)Metal CuttingInfrastructureTotal
Gross goodwill$441,891 $633,211 $1,075,102 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of June 30, 2022
$264,230 $— $264,230 
Activity for the six months ended December 31, 2022:
Change in gross goodwill due to translation2,403 — 2,403 
Gross goodwill444,294 633,211 1,077,505 
Accumulated impairment losses(177,661)(633,211)(810,872)
Balance as of December 31, 2022
$266,633 $— $266,633 
The components of our other intangible assets were as follows:
 Estimated
Useful Life
(in years)
December 31, 2022June 30, 2022
(in thousands)Gross Carrying
Amount
Accumulated
Amortization
Gross Carrying
Amount
Accumulated
Amortization
Technology-based and other
4 to 20
$31,792 $(23,324)$31,592 $(22,734)
Customer-related
10 to 21
180,105 (108,815)180,263 (104,698)
Unpatented technology
10 to 30
31,687 (24,098)31,807 (22,950)
Trademarks
5 to 20
12,418 (10,883)12,403 (10,317)
TrademarksIndefinite10,614 — 10,359 — 
Total$266,616 $(167,120)$266,424 $(160,699)