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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

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

 

 

June 30,

2019

 

Balance as of June 30, 2018

 

$

139,082

 

Changes due to additional property and equipment acquired (See Note 11)

 

 

(505

)

Balance at end of period

 

$

138,577

 

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

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

June 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.4 years

 

$

117,000

 

 

$

77,449

 

 

$

39,551

 

Customer relationships

 

2.0 years

 

 

51,639

 

 

 

44,410

 

 

 

7,229

 

Maintenance contracts

 

— years

 

 

17,000

 

 

 

17,000

 

 

 

 

Trade names

 

2.4 years

 

 

9,100

 

 

 

5,647

 

 

 

3,453

 

License agreements

 

5.4 years

 

 

2,445

 

 

 

1,661

 

 

 

784

 

Other intangibles

 

0.6 years

 

 

1,382

 

 

 

1,287

 

 

 

95

 

Total intangibles, net

 

 

 

$

198,566

 

 

$

147,454

 

 

$

51,112

 

 

 

 

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

 

 

Year Ended

 

 

 

June 30,

2019

 

 

June 30,

2018

 

 

June 30,

2017

 

Amortization in “Cost of revenues: Product”

 

$

19,638

 

 

$

16,870

 

 

$

7,020

 

Amortization of intangibles in "Operations"

 

 

6,346

 

 

 

8,715

 

 

 

8,702

 

Total amortization

 

$

25,984

 

 

$

25,585

 

 

$

15,722

 

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:

 

 

 

 

2020

 

$

22,898

 

2021

 

 

20,819

 

2022

 

 

6,271

 

2023

 

 

875

 

2024

 

 

71

 

Thereafter,

 

 

178

 

Total

 

$

51,112