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Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following as of June 30, 2021 (amounts in thousands):

 

 

 

Preliminary

fair value

 

 

Accumulated amortization

 

 

Net Carrying

Amount

 

 

Weighted-

average

remaining

useful life

(in years)

Customer relationships

 

$

198,000

 

 

$

(2,062

)

 

$

195,938

 

 

9.9

Developed technology

 

 

191,000

 

 

 

(2,653

)

 

 

188,347

 

 

5.9

Trade name

 

 

34,000

 

 

 

(944

)

 

 

33,056

 

 

2.9

Total

 

$

423,000

 

 

$

(5,659

)

 

$

417,341

 

 

7.5

Schedule of Amortization of Finite-Lived Intangible Assets

 

Amortization of finite-lived intangible assets was as follows during the year ended June 30, 2021 (in thousands):

 

Cost of revenue

 

$

2,653

 

Sales and marketing

 

 

3,006

 

Total

 

$

5,659

 

Schedule of Future Amortization of Finite-Lived Intangible Assets

As of June 30, 2021, future amortization of finite-lived intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands):

 

Fiscal years ending June 30:

 

Amount

 

2022

 

$

62,552

 

2023

 

 

62,964

 

2024

 

 

62,036

 

2025

 

 

51,636

 

2026

 

 

51,636

 

Thereafter

 

 

126,517

 

Total

 

$

417,341