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Intangible Assets
6 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

7.

Intangible Assets

 

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, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.1 years

 

$

156,100

 

 

$

117,034

 

 

$

39,066

 

Customer relationships

 

4.8 years

 

 

63,039

 

 

 

52,077

 

 

 

10,962

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

1.0 years

 

 

10,700

 

 

 

9,407

 

 

 

1,293

 

License agreements

 

5.9 years

 

 

2,445

 

 

 

2,018

 

 

 

427

 

Other intangibles

 

— years

 

 

1,382

 

 

 

1,382

 

 

 

 

Total intangibles, net

 

 

 

$

234,066

 

 

$

182,318

 

 

$

51,748

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

June 30, 2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.4 years

 

$

156,100

 

 

$

103,806

 

 

$

52,294

 

Customer relationships

 

4.8 years

 

 

63,039

 

 

 

49,598

 

 

 

13,441

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

1.4 years

 

 

10,700

 

 

 

8,554

 

 

 

2,146

 

License agreements

 

5.8 years

 

 

2,445

 

 

 

1,932

 

 

 

513

 

Other intangibles

 

— years

 

 

1,382

 

 

 

1,382

 

 

 

 

Total intangibles, net

 

 

 

$

234,066

 

 

$

165,672

 

 

$

68,394

 

 

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

 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

December 31,

2020

 

 

December 31,

2019

 

 

December 31,

2020

 

 

December 31,

2019

 

Amortization in “Cost of revenues: Product and Service and subscription”

 

$

6,649

 

 

$

6,970

 

 

$

13,348

 

 

$

13,465

 

Amortization of intangibles in "Operations"

 

 

1,506

 

 

 

2,377

 

 

 

3,298

 

 

 

4,307

 

Total amortization expense

 

$

8,155

 

 

$

9,347

 

 

$

16,646

 

 

$

17,772

 

The amortization expense that is recognized in “Cost of revenues: Product and Service and subscription” is comprised of amortization for developed technology, license agreements and other intangibles.