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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill

The following table reflects the changes in the carrying amount of goodwill (in thousands):

 

 

June 30,

2022

 

 

June 30,

2021

 

Balance at beginning of period

 

 

331,159

 

 

$

331,159

 

Additions due to acquisitions (see Note 4)

 

 

68,985

 

 

 

 

        Balance at end of period

 

$

400,144

 

 

$

331,159

 

Components of Gross and Net Intangible Asset Balances

The following tables summarize the components of gross and net intangible asset balances (in thousands, except years):

 

 

Weighted Average

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining Amortization

 

Gross Carrying

 

 

Accumulated

 

 

Net Carrying

 

 

 

Period

 

Amount

 

 

Amortization

 

 

Amount

 

June 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.3 years

 

$

170,600

 

 

$

146,560

 

 

$

24,040

 

Customer relationships

 

3.9 years

 

 

64,839

 

 

 

56,704

 

 

 

8,135

 

Trade names

 

0.1 years

 

 

10,700

 

 

 

10,680

 

 

 

20

 

License agreements

 

4.4 years

 

 

2,445

 

 

 

2,125

 

 

 

320

 

Total intangibles, net

 

 

 

$

248,584

 

 

$

216,069

 

 

$

32,515

 

 

 

 

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 following table summarizes the amortization expense of intangibles for the periods presented (in thousands):

 

Year Ended

 

 

June 30,

2022

 

 

June 30,

2021

 

 

June 30,

2020

 

Amortization of intangibles in “Total cost of revenues”

$

16,711

 

 

$

26,246

 

 

$

26,793

 

Amortization of intangibles in "Operations"

 

3,235

 

 

 

6,110

 

 

 

8,425

 

Total amortization expense

$

19,946

 

 

$

32,356

 

 

$

35,218

 

Schedule of Expected Amortization Expenses

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):

For the fiscal year ending:

 

 

 

 

2023

 

$

15,513

 

2024

 

 

5,571

 

2025

 

 

4,757

 

2026

 

 

3,411

 

2027

 

 

1,528

 

Thereafter

 

 

1,735

 

Total

 

$

32,515