Intangible Assets and Goodwill (Tables)

6 Months Ended

Dec. 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 assets (in thousands, except years):

	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
December 31, 2023
Developed technology	4.1 years	$	169,646	$	161,690	$	7,956
Customer relationships	2.9 years		64,721		59,787		4,934
Trade names	0 years		10,700		10,700		—
License agreements	2.9 years		2,445		2,231		214
Total intangible assets, net*		$	247,512	$	234,408	$	13,104
* 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				Six Months Ended
	December 31, 2023		December 31, 2022		December 31, 2023		December 31, 2022
Amortization of intangible assets in “Total cost of revenues”	$	611	$	3,220	$	2,044	$	6,825
Amortization of intangible assets in “Total operating expenses”		509		504		1,020		1,027
Total amortization expense	$	1,120	$	3,724	$	3,064	$	7,852

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)	$	2,585
2025		4,414
2026		3,165
2027		1,418
2028		1,259
Thereafter		263
Total	$	13,104

Summary of Goodwill

The Company had Goodwill in the amount of $395.6 million and $394.8 million as of December 31, 2023 and June 30, 2023, respectively. The change in goodwill during the six months ended December 31, 2023 is due to foreign currency translation adjustment that is recorded as a component of accumulated other comprehensive loss.