Goodwill and Purchased Intangible Assets
|9 Months Ended
Mar. 31, 2013
|Goodwill and Intangible Assets Disclosure [Abstract]
|Goodwill and Purchased Intangible Assets
GOODWILL AND PURCHASED INTANGIBLE ASSETS
The following table presents goodwill balances as of the dates indicated below:
The changes in the gross goodwill balance since June 30, 2012 resulted from foreign currency translation adjustments.
Goodwill represents the excess of the purchase price over the fair value of the net tangible and identifiable intangible assets acquired in each business combination. In September 2011, the FASB amended its guidance to simplify testing goodwill for impairment, allowing an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test.
The Company performed a qualitative assessment of the goodwill by reporting unit as of November 30, 2012 during the three months ended December 31, 2012 and concluded that it was more likely than not that the fair value of each of the reporting units exceeded its carrying amount. As of December 31, 2012, the Company's assessment indicated that goodwill in the reporting units was not impaired. There have been no significant events or circumstances affecting the valuation of goodwill subsequent to the qualitative assessment performed in the second quarter of the fiscal year ended June 30, 2013. The next annual assessment of the goodwill by reporting unit will be performed in the second quarter of the fiscal year ending June 30, 2014.
Purchased Intangible Assets
The components of purchased intangible assets as of the dates indicated below were as follows:
Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset or asset group may not be recoverable.
For the three months ended March 31, 2013 and 2012, amortization expense for other intangible assets was $4.5 million and $7.3 million, respectively. For the nine months ended March 31, 2013 and 2012, amortization expense for other intangible assets was $16.3 million and $23.0 million, respectively. Based on the intangible assets recorded as of March 31, 2013, and assuming no subsequent additions to, or impairment of, the underlying assets, the remaining estimated amortization expense is expected to be as follows: