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Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2022
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

 

September 30, 2022

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

3.4 years

 

$

170,600

 

 

$

149,990

 

 

$

20,610

 

Customer relationships

 

3.7 years

 

 

64,839

 

 

 

57,186

 

 

 

7,653

 

Trade names

 

0 years

 

 

10,700

 

 

 

10,700

 

 

 

-

 

License agreements

 

4.2 years

 

 

2,445

 

 

 

2,143

 

 

 

302

 

Total intangibles, net

 

 

 

$

248,584

 

 

$

220,019

 

 

$

28,565

 

 

 

 

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

 

 

Summary of Amortization Expense of Intangibles

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

 

 

 

Three Months Ended

 

 

 

September 30,

2022

 

 

September 30,

2021

 

Amortization of intangibles in “Total cost of revenues”

 

$

3,605

 

 

$

5,286

 

Amortization of intangibles in "Total operating expenses"

 

 

523

 

 

 

1,154

 

Total amortization expense

 

$

4,128

 

 

$

6,440

 

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 (the remainder of fiscal 2023)

 

$

11,562

 

2024

 

 

5,571

 

2025

 

 

4,757

 

2026

 

 

3,411

 

2027

 

 

1,528

 

Thereafter

 

 

1,736

 

Total

 

$

28,565