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Intangible Assets
9 Months Ended
Mar. 31, 2022
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, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.3 years

 

$

170,600

 

 

$

142,957

 

 

$

27,643

 

Customer relationships

 

4.2 years

 

 

64,839

 

 

 

56,211

 

 

 

8,628

 

Backlog

 

— years

 

 

400

 

 

 

400

 

 

 

 

Trade names

 

0.3 years

 

 

10,700

 

 

 

10,620

 

 

 

80

 

License agreements

 

4.7 years

 

 

2,445

 

 

 

2,107

 

 

 

338

 

Total intangibles, net

 

 

 

$

248,984

 

 

$

212,295

 

 

$

36,689

 

 

 

 

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

 

Nine Months Ended

 

 

 

March 31,

2022

 

 

March 31,

2021

 

March 31,

2022

 

 

March 31,

2021

 

Amortization of intangibles in “Total cost of revenues”

 

$

3,639

 

 

$

6,449

 

$

13,074

 

 

$

19,797

 

Amortization of intangibles in "Operations"

 

 

638

 

 

 

1,406

 

 

2,596

 

 

 

4,704

 

Total amortization expense

 

$

4,277

 

 

$

7,855

 

$

15,670

 

 

$

24,501

 

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