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GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Activity in the Company's Goodwill Balance
The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated:
(Dollars in thousands)
Total
Balance at July 1, 2019
$
71,222

Goodwill incident to acquisitions

Balance at June 30, 2020
$
71,222


Schedule of Company's Acquired Intangible Assets
The Company’s acquired intangible assets are summarized as follows as of the dates indicated:
 
 
June 30, 2020
 
June 30, 2019
(Dollars in thousands)
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net Carrying Amount
Covenant not to compete
 
$
930

 
$
523

 
$
407

 
$
930

 
$
291

 
$
639

Customer relationships
 
31,310

 
4,498

 
26,812

 
31,310

 
1,886

 
29,424

Customer deposit intangible
 
13,545

 
3,756

 
9,789

 
13,545

 
1,436

 
12,109

Developed technologies
 
23,050

 
5,963

 
17,087

 
23,050

 
1,720

 
21,330

Trade name
 
290

 
218

 
72

 
290

 
121

 
169

Total intangible assets
 
$
69,125

 
$
14,958

 
$
54,167

 
$
69,125

 
$
5,454

 
$
63,671


Schedule of Weighted Average Useful Life of Acquired Intangible Assets
The weighted-average useful lives of intangible assets at the time of acquisition were as follows:

 
Weighted-Average
Useful Lives (Years)
Covenant not to compete
4
Customer relationships
12
Customer deposit intangible
10
Developed technologies
5
Trade name
3

Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets Estimated future amortization expense related to finite-lived intangible assets at June 30, 2020 is as follows:
(Dollars in thousands)
Amortization Expense
For the fiscal year ending June 30,
 
2021
$
9,795

2022
8,441

2023
8,020

2024
7,551

2025
4,062

Thereafter
16,298

Total
$
54,167