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Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill

The table below reflects the changes in the carrying amount of goodwill for the six months ended December 31, 2020:

 

(In thousands)

Total

 

Balance as of June 30, 2020

$

72,199

 

Foreign currency translation loss

 

(193

)

 

 

 

 

Balance as of December 31, 2020

$

72,006

 

Schedule of Intangible Assets

Intangible assets consisted of the following as of December 31, 2020 and June 30, 2020, respectively:

 

December 31, 2020

 

(In thousands)

Weighted

Average

Amortization

Period

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer related

4.6 years

 

$

101,969

 

 

$

(65,581

)

 

$

36,388

 

Trade names and trademarks

9.1 years

 

 

14,948

 

 

 

(5,767

)

 

 

9,181

 

Covenants not to compete

3.9 years

 

 

1,433

 

 

 

(954

)

 

 

479

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

118,350

 

 

$

(72,302

)

 

$

46,048

 

 

 

June 30, 2020

 

(In thousands)

Weighted

Average

Amortization

Period

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Carrying

Amount

 

Customer related

5.1 years

 

$

102,153

 

 

$

(61,227

)

 

$

40,926

 

Trade names and trademarks

9.6 years

 

 

14,977

 

 

 

(5,268

)

 

 

9,709

 

Covenants not to compete

4.3 years

 

 

1,433

 

 

 

(876

)

 

 

557

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

118,563

 

 

$

(67,371

)

 

$

51,192

 

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

 

(In thousands)

 

 

 

 

 

2021 (remaining)

 

 

$

5,045

 

2022

 

 

 

9,555

 

2023

 

 

 

9,077

 

2024

 

 

 

8,701

 

2025

 

 

 

6,710