Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

7. Goodwill and Intangible Assets

The following table reflects the changes in the carrying amount of goodwill (in thousands):

	June 30, 2023			June 30, 2022
Balance at beginning of period	$	400,144		$	331,159
Additions due to acquisitions (see Note 4)		—			68,985
Foreign currency translation		(5,389	)		—
Balance at end of period	$	394,755		$	400,144

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

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2023
Developed technology	4.1 years	$	169,460	$	159,592	$	9,868
Customer relationships	3.4 years		64,839		58,894		5,945
Trade names	0.0 years		10,700		10,700		—
License agreements	3.4 years		2,445		2,195		250
Total intangible assets, net*		$	247,444	$	231,381	$	16,063
* The carrying amounts of foreign intangible assets 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 intangible assets, net*		$	248,584	$	216,069	$	32,515
* The carrying amount of foreign intangible assets are affected by foreign currency translation.

The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):

	Year Ended
	June 30, 2023		June 30, 2022		June 30,  2021
Amortization of intangible assets in “Total cost of revenues”	$	12,941	$	16,711	$	26,246
Amortization of intangible assets in “Total operating expenses”		2,047		3,235		6,110
Total amortization expense	$	14,988	$	19,946	$	32,356

The amortization expense that is recognized in “Total cost of revenues” primarily consists of amortization related to developed technology, license agreements and other intangibles.

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

	Amount
For the fiscal year ending June 30:
2024	$	5,293
2025		4,519
2026		3,241
2027		1,452
2028		1,289
Thereafter		269
Total	$	16,063