Intangible Assets and Goodwill (Tables)

9 Months Ended

Mar. 31, 2023

Goodwill And Intangible Assets Disclosure [Abstract]

Components of Gross and Net Intangible Asset Balances

Intangible Assets

The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
March 31, 2023
Developed technology	3.4 years	$	169,441	$	156,541	$	12,900
Customer relationships	3.4 years		64,704		58,249		6,455
Trade names	0.0 years		10,700		10,700		—
License agreements	3.7 years		2,445		2,178		267
Total intangibles, net*		$	247,290	$	227,668	$	19,622
* Foreign intangible assets carrying amounts are affected by foreign currency translation.

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2022
Developed technology	3.3 years	$	170,600	$	146,560	$	24,040
Customer relationships	3.9 years		64,839		56,704		8,135
Trade names	0.1 years		10,700		10,680		20
License agreements	4.4 years		2,445		2,125		320
Total intangibles, net*		$	248,584	$	216,069	$	32,515
* Foreign intangible assets carrying amounts are affected by foreign currency translation.

Summary of Amortization Expense of Intangibles

The amortization expense of intangibles for the periods presented is summarized below (in thousands):

	Three Months Ended				Nine Months Ended
	March 31, 2023		March 31, 2022		March 31, 2023		March 31, 2022
Amortization of intangibles in “Total cost of revenues”	$	3,052	$	3,639	$	9,878	$	13,074
Amortization of intangibles in “Total operating expenses”		510		638		1,537		2,596
Total amortization expense	$	3,562	$	4,277	$	11,415	$	15,670

Schedule of Expected Amortization Expenses

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):

For the fiscal year ending:
2023 (the remainder of fiscal 2023)	$	3,688
2024		5,250
2025		4,485
2026		3,214
2027		1,440
Thereafter		1,545
Total	$	19,622

Summary of Goodwill

The Company had Goodwill in the amount of $394.7 million and $400.1 million as of March 31, 2023 and June 30, 2022, respectively. The change in goodwill during the nine months ended March 31, 2023 is due to foreign currency translation adjustment that is recorded as a component of accumulated other comprehensive loss.