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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 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):

 

 

 

September 30,

2019

 

Balance as of June 30, 2019

 

$

138,577

 

Additions due to acquisition

 

 

194,264

 

Balance at end of period

 

$

332,841

 

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

 

September 30, 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.0 years

 

$

157,000

 

 

$

83,823

 

 

$

73,177

 

Customer relationships

 

3.7 years

 

 

63,039

 

 

 

45,544

 

 

 

17,495

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

1.6 years

 

 

10,700

 

 

 

6,061

 

 

 

4,639

 

License agreements

 

5.4 years

 

 

2,445

 

 

 

1,729

 

 

 

716

 

Other intangibles

 

0.3 years

 

 

1,382

 

 

 

1,322

 

 

 

60

 

Total intangibles, net

 

 

 

$

234,966

 

 

$

138,879

 

 

$

96,087

 

 

 

 

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

 

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

 

 

 

$

181,566

 

 

$

130,454

 

 

$

51,112

 

 

Summary of Amortization Expense of Intangibles

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

 

 

 

Three Months Ended

 

 

 

 

September 30, 2019

 

 

September 30,

2018

 

 

Amortization in “Cost of revenues: Product”

 

$

6,495

 

 

$

4,932

 

 

Amortization of intangibles in "Operations"

 

 

1,930

 

 

 

2,141

 

 

Total amortization

 

$

8,425

 

 

$

7,073