Intangible Assets and Goodwill (Tables)

9 Months Ended

Mar. 31, 2024

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
March 31, 2024
Developed technology	3.4 years	$	169,347	$	162,163	$	7,184
Customer relationships	2.2 years		64,683		60,274		4,409
Trade names	0.0 years		10,700		10,700		—
License agreements	2.8 years		2,445		2,249		196
Total intangible assets, net*		$	247,175	$	235,386	$	11,789
* 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	0.0 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				Nine Months Ended
	March 31, 2024		March 31, 2023		March 31, 2024		March 31, 2023
Amortization of intangible assets in “Total cost of revenues”	$	616	$	3,052	$	2,661	$	9,878
Amortization of intangible assets in “Total operating expenses”		511		510		1,531		1,537
Total amortization expense	$	1,127	$	3,562	$	4,192	$	11,415

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)	$	1,119
2025		4,477
2026		3,211
2027		1,439
2028		1,277
Thereafter		266
Total	$	11,789

Summary of Goodwill

The Company had Goodwill in the amount of $394.2 million and $394.8 million as of March 31, 2024 and June 30, 2023, respectively. The change in goodwill during the nine months ended March 31, 2024 is due to foreign currency translation adjustments that are recorded as a component of accumulated other comprehensive loss.