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Goodwill and Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

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

 

 

 

March 31,

2020

 

Balance as of June 30, 2019

 

$

138,577

 

Additions due to acquisition (see Note 4)

 

 

192,507

 

Balance at end of period

 

$

331,084

 

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

 

March 31, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.6 years

 

$

156,100

 

 

$

97,193

 

 

$

58,907

 

Customer relationships

 

4.8 years

 

 

63,039

 

 

 

48,281

 

 

 

14,758

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

1.5 years

 

 

10,700

 

 

 

7,794

 

 

 

2,906

 

License agreements

 

5.6 years

 

 

2,445

 

 

 

1,864

 

 

 

581

 

Other intangibles

 

— years

 

 

1,382

 

 

 

1,382

 

 

 

 

Total intangibles, net

 

 

 

$

234,066

 

 

$

156,914

 

 

$

77,152

 

 

 

 

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

 

 

Nine Months Ended

 

 

 

March 31,

2020

 

 

March 31,

2019

 

 

March 31,

2020

 

 

March 31,

2019

 

Amortization in “Cost of revenues: Product and Service”

 

$

6,629

 

 

$

4,890

 

 

$

20,094

 

 

$

14,726

 

Amortization of intangibles in "Operations"

 

 

2,059

 

 

 

1,292

 

 

 

6,366

 

 

 

5,008

 

Total amortization

 

$

8,688

 

 

$

6,182

 

 

$

26,460

 

 

$

19,734