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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

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

 

 

Year Ended

 

 

 

June 30,

2018

 

 

June 30,

2017

 

Balance at beginning of period

 

$

80,216

 

 

$

70,877

 

Additions due to acquisitions

 

 

58,866

 

 

 

9,339

 

Balance at end of period

 

$

139,082

 

 

$

80,216

 

 

Components of Gross and Net Intangible Asset Balances

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

 

June 30, 2018

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

Developed technology

 

3.3 years

 

$

117,000

 

 

$

58,299

 

 

$

58,701

 

Customer relationships

 

3.0 years

 

 

51,639

 

 

 

40,634

 

 

 

11,005

 

Maintenance contracts

 

0.3 years

 

 

17,000

 

 

 

15,866

 

 

 

1,134

 

Trade names

 

3.4 years

 

 

9,100

 

 

 

4,141

 

 

 

4,959

 

Backlogs

 

— years

 

 

1,800

 

 

 

1,800

 

 

 

 

License agreements

 

5.8 years

 

 

2,445

 

 

 

1,390

 

 

 

1,055

 

Other intangibles

 

1.6 years

 

 

1,382

 

 

 

1,144

 

 

 

238

 

Total intangibles, net

 

 

 

$

200,366

 

 

$

123,274

 

 

$

77,092

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

June 30, 2017

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

Developed technology

 

5.3 years

 

$

55,400

 

 

$

42,689

 

 

$

12,711

 

Customer relationships

 

3.3 years

 

 

40,300

 

 

 

37,567

 

 

 

2,733

 

Maintenance contracts

 

1.3 years

 

 

17,000

 

 

 

12,467

 

 

 

4,533

 

Trade names

 

4.3 years

 

 

5,100

 

 

 

2,846

 

 

 

2,254

 

License agreements

 

6.4 years

 

 

2,445

 

 

 

1,120

 

 

 

1,325

 

Other intangibles

 

2.7 years

 

 

1,382

 

 

 

1,001

 

 

 

381

 

Total intangibles, net with finite lives

 

 

 

 

121,627

 

 

 

97,690

 

 

 

23,937

 

In-process research and development, with indefinite life

 

 

 

 

1,400

 

 

 

 

 

 

1,400

 

Total intangibles, net

 

 

 

$

123,027

 

 

$

97,690

 

 

$

25,337

 

 

Summary of Amortization Expense of Intangibles

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

 

 

Year Ended

 

 

 

June 30,

2018

 

 

June 30,

2017

 

 

June 30,

2016

 

Amortization in “Cost of revenues: Product”

 

$

16,870

 

 

$

7,020

 

 

$

15,369

 

Amortization of intangibles

 

 

8,715

 

 

 

8,702

 

 

 

17,001

 

Total amortization

 

$

25,585

 

 

$

15,722

 

 

$

32,370

 

 

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:

 

 

 

 

2019

 

$

25,867

 

2020

 

 

22,973

 

2021

 

 

20,851

 

2022

 

 

6,277

 

2023

 

 

875

 

Thereafter

 

 

249

 

Total

 

$

77,092