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Intangible Assets
9 Months Ended
Mar. 31, 2021
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

 

March 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

1.9 years

 

$

156,100

 

 

$

123,448

 

 

$

32,652

 

Customer relationships

 

4.7 years

 

 

63,039

 

 

 

53,141

 

 

 

9,898

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

0.8 years

 

 

10,700

 

 

 

9,767

 

 

 

933

 

License agreements

 

5.7 years

 

 

2,445

 

 

 

2,035

 

 

 

410

 

Other intangibles

 

— years

 

 

1,382

 

 

 

1,382

 

 

 

 

Total intangibles, net

 

 

 

$

234,066

 

 

$

190,173

 

 

$

43,893

 

 

 

 

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

 

 

Nine Months Ended

 

 

 

March 31,

2021

 

 

March 31,

2020

 

 

March 31,

2021

 

 

March 31,

2020

 

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

 

$

6,449

 

 

$

6,629

 

 

$

19,797

 

 

$

20,094

 

Amortization of intangibles in "Operations"

 

 

1,406

 

 

 

2,059

 

 

 

4,704

 

 

 

6,366

 

Total amortization expense

 

$

7,855

 

 

$

8,688

 

 

$

24,501

 

 

$

26,460

 

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.