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Intangible Assets
3 Months Ended
Sep. 30, 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

 

September 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.4 years

 

$

170,600

 

 

$

135,112

 

 

$

35,488

 

Customer relationships

 

4.6 years

 

 

64,839

 

 

 

55,074

 

 

 

9,765

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

0.6 years

 

 

10,700

 

 

 

10,429

 

 

 

271

 

License agreements

 

5.2 years

 

 

2,445

 

 

 

2,071

 

 

 

374

 

Total intangibles, net

 

 

 

$

248,984

 

 

$

203,086

 

 

$

45,898

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

June 30, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

1.8 years

 

$

156,100

 

 

$

129,861

 

 

$

26,239

 

Customer relationships

 

4.8 years

 

 

63,039

 

 

 

54,204

 

 

 

8,835

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

0.7 years

 

 

10,700

 

 

 

10,128

 

 

 

572

 

License agreements

 

5.4 years

 

 

2,445

 

 

 

2,053

 

 

 

392

 

Total intangibles, net

 

 

 

$

232,684

 

 

$

196,646

 

 

$

36,038

 

 

 

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

 

 

 

Three Months Ended

 

 

 

September 30,

2021

 

 

September 30,

2020

 

Amortization of intangibles in “Total cost of revenues”

 

$

5,286

 

 

$

6,699

 

Amortization of intangibles in "Operations"

 

 

1,154

 

 

 

1,792

 

Total amortization expense

 

$

6,440

 

 

$

8,491

 

The amortization expense that is recognized in “Total cost of revenues” is comprised of amortization for developed technology, license agreements and other intangibles.