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Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
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

 

December 31, 2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.3 years

 

$

170,600

 

 

$

139,284

 

 

$

31,316

 

Customer relationships

 

4.4 years

 

 

64,839

 

 

 

55,706

 

 

 

9,133

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

0.6 years

 

 

10,700

 

 

 

10,560

 

 

 

140

 

License agreements

 

4.9 years

 

 

2,445

 

 

 

2,089

 

 

 

356

 

Total intangibles, net

 

 

 

$

248,984

 

 

$

208,039

 

 

$

40,945

 

 

 

 

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

 

 

Summary of Amortization Expense of Intangibles

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

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

December 31,

2021

 

 

December 31,

2020

 

December 31,

2021

 

 

December 31,

2020

 

Amortization of intangibles in “Total cost of revenues”

 

$

4,149

 

 

$

6,649

 

$

9,435

 

 

$

13,348

 

Amortization of intangibles in “Operations”

 

 

804

 

 

 

1,506

 

 

1,958

 

 

 

3,298

 

Total amortization expense

 

$

4,953

 

 

$

8,155

 

$

11,393

 

 

$

16,646