Intangible Assets and Goodwill (Tables)

3 Months Ended

Sep. 30, 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 assets (in thousands, except years):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
September 30, 2023
Developed technology	4.9 years	$	169,089	$	160,875	$	8,214
Customer relationships	3.7 years		64,652		59,240		5,412
Trade names	0 years		10,700		10,700		—
License agreements	3.2 years		2,445		2,214		231
Total intangible assets, net*		$	246,886	$	233,029	$	13,857
* The carrying amount 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, 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 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 amount of foreign intangible assets are affected by foreign currency translation

Summary of Amortization Expense of Intangibles

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

	Three Months Ended
	September 30, 2023		September 30, 2022
Amortization of intangible assets in “Total cost of revenues”	$	1,433	$	3,605
Amortization of intangible assets in “Total operating expenses”		511		523
Total amortization expense	$	1,944	$	4,128

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):

	Amount
For the fiscal year ending June 30:
2024 (the remainder of fiscal 2024)	$	3,733
2025		4,248
2026		3,046
2027		1,365
2028		1,212
Thereafter		253
Total	$	13,857

Summary of Goodwill

The Company had Goodwill in the amount of $393.0 million and $394.8 million as of September 30, 2023 and June 30, 2023, respectively. The change in goodwill during the three months ended September 30, 2023 is due to foreign currency translation adjustment that is recorded as a component of accumulated other comprehensive loss.