FARMER BROTHERS CO Goodwill & Intangibles Disclosure
| As of June 30, | ||||||||||||||||||||||||||||||||||||||||||||
| Weighted Average Amortization Period as of June 30, 2025 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||||||||||
| (In thousands) | Gross Carrying Amount | Accumulated Amortization | Net | Gross Carrying Amount | Accumulated Amortization | Net | ||||||||||||||||||||||||||||||||||||||
| Amortized intangible assets: | ||||||||||||||||||||||||||||||||||||||||||||
| Customer relationships | 2.1 | $ | 33,003 | $ | (28,492) | $ | 4,511 | $ | 33,003 | $ | (26,292) | $ | 6,711 | |||||||||||||||||||||||||||||||
| Total amortized intangible assets | 33,003 | (28,492) | 4,511 | 33,003 | (26,292) | 6,711 | ||||||||||||||||||||||||||||||||||||||
| Unamortized intangible assets: | ||||||||||||||||||||||||||||||||||||||||||||
| Trademarks, trade names and brand name with indefinite lives | 4,522 | — | 4,522 | 4,522 | — | 4,522 | ||||||||||||||||||||||||||||||||||||||
| Total unamortized intangible assets | 4,522 | — | 4,522 | 4,522 | — | 4,522 | ||||||||||||||||||||||||||||||||||||||
| Total intangible assets | $ | 37,525 | $ | (28,492) | $ | 9,033 | $ | 37,525 | $ | (26,292) | $ | 11,233 | ||||||||||||||||||||||||||||||||
| For the fiscal year ending: | ||||||||
| June 30, 2026 | $ | 2,200 | ||||||
| June 30, 2027 | 1,910 | |||||||
| June 30, 2028 | 401 | |||||||
| Total | $ | 4,511 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 11, 2025 | Showing above |
| 2024 | Sep 12, 2024 | |
| 2023 | Sep 12, 2023 | |
| 2022 | Sep 2, 2022 | |
| 2021 | Sep 10, 2021 | |
| 2020 | Sep 11, 2020 | |
| 2019 | Sep 11, 2019 | |
| 2018 | Sep 13, 2018 | |
| 2017 | Sep 28, 2017 | |
| 2016 | Sep 14, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.