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Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

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

 

 

 

December 31,

2018

 

Balance as of June 30, 2018

 

$

139,082

 

Changes due to additional property and equipment acquired (See Note 4)

 

 

(1,283

)

Balance at end of period

 

$

137,799

 

Components of Gross and Net Intangible Asset Balances

 

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

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

December 31, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.8 years

 

$

117,000

 

 

$

67,888

 

 

$

49,112

 

Customer relationships

 

2.5 years

 

 

51,639

 

 

 

42,522

 

 

 

9,117

 

Maintenance contracts

 

0.1 years

 

 

17,000

 

 

 

17,000

 

 

 

-

 

Trade names

 

2.9 years

 

 

9,100

 

 

 

4,871

 

 

 

4,229

 

License agreements

 

5.6 years

 

 

2,232

 

 

 

1,313

 

 

 

919

 

Other intangibles

 

1.1 years

 

 

1,382

 

 

 

1,215

 

 

 

167

 

Total intangibles, net

 

 

 

$

198,353

 

 

$

134,809

 

 

$

63,544

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

June 30, 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

Summary of Amortization Expense of Intangibles

The amortization expense of intangibles for the periods presented is summarized below (in thousands):

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

2018

 

 

December 31,

2017

 

 

December 31,

2018

 

 

December 31,

2017

 

Amortization in “Cost of revenues: Product”

 

$

4,904

 

 

$

3,866

 

 

$

9,836

 

 

$

6,663

 

Amortization of intangibles in "Operations"

 

 

1,575

 

 

 

2,746

 

 

 

3,716

 

 

 

4,360

 

Total amortization

 

$

6,479

 

 

$

6,612

 

 

$

13,552

 

 

$

11,023