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Goodwill and Intangible Assets (Tables)
3 Months Ended
Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill are as follows:

(In thousands)

 

 

 

 

Balance as of June 30, 2024

 

 

$

93,043

 

Acquisition

 

 

 

5,237

 

Foreign currency translation gain

 

 

 

225

 

 

 

 

 

 

Balance as of September 30, 2024

 

 

$

98,505

 

Schedule of Intangible Assets

Intangible assets consist of the following:

 

September 30, 2024

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

9.0 years

 

$

135,225

 

 

$

(98,062

)

 

$

37,163

 

Trade names and trademarks

6.4 years

 

 

15,440

 

 

 

(13,011

)

 

 

2,429

 

Developed technology

2.2 years

 

 

4,091

 

 

 

(2,318

)

 

 

1,773

 

Licenses

2.5 years

 

 

769

 

 

 

(577

)

 

 

192

 

Covenants not to compete

0.3 years

 

 

889

 

 

 

(853

)

 

 

36

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

156,414

 

 

$

(114,821

)

 

$

41,593

 

 

 

June 30, 2024

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

8.5 years

 

$

125,552

 

 

$

(95,383

)

 

$

30,169

 

Trade names and trademarks

6.6 years

 

 

15,382

 

 

 

(12,857

)

 

 

2,525

 

Developed technology

2.4 years

 

 

4,091

 

 

 

(2,114

)

 

 

1,977

 

Licenses

2.7 years

 

 

760

 

 

 

(551

)

 

 

209

 

Covenants not to compete

0.6 years

 

 

1,433

 

 

 

(1,370

)

 

 

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

147,218

 

 

$

(112,275

)

 

$

34,943

 

A
Schedule of Future Amortization Expense Future amortization expense for each of the next five fiscal years ending June 30 are as follows:

(In thousands)

 

 

 

 

2025 (remaining)

 

 

$

7,056

 

2026

 

 

 

5,277

 

2027

 

 

 

4,701

 

2028

 

 

 

4,078

 

2029

 

 

 

3,494