Schedule of Indefinite-Lived Intangible Assets |
The carrying amounts, accumulated amortization, and net carrying value of our definite-lived intangible assets are presented in the table below (dollars in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2022 | | June 30, 2022 | | Gross Carrying Amount | | | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amount | | Impairment Charges (1) | | Accumulated Amortization | | Net Carrying Amount | Customer relationships | $ | 17,492 | | | | | $ | (7,455) | | | $ | 10,037 | | | $ | 17,492 | | | $ | — | | | $ | (6,232) | | | $ | 11,260 | | Trade name | 2,680 | | | | | (1,429) | | | 1,251 | | | 2,680 | | | — | | | (1,161) | | | 1,519 | | Proprietary software | 1,042 | | | | | (680) | | | 362 | | | 1,592 | | | (336) | | | (816) | | | 440 | | Non-compete agreements | 1,292 | | | | | (587) | | | 705 | | | 1,292 | | | — | | | (445) | | | 847 | | Vendor relationships | 20,400 | | | | | (4,344) | | | 16,056 | | | 23,700 | | | (2,811) | | | (3,700) | | | 17,189 | | Total intangible assets | $ | 42,906 | | | | | $ | (14,495) | | | $ | 28,411 | | | $ | 46,756 | | | $ | (3,147) | | | $ | (12,354) | | | $ | 31,255 | |
(1) During the year ended June 30, 2022, the Company recorded impairment charges for several of its long-lived intangible assets. Refer to the consolidated financial statements in our Annual Report on Form 10-K for additional details.
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Schedule of Future Amortization Expense |
As of December 31, 2022, expected amortization expense in future fiscal periods were as follows (in thousands):
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Trade Name | | Proprietary Software | | Non-Compete Agreements | | Vendor Relationships | | Customer relationships | | Total | Remainder fiscal 2023 | $ | 268 | | | $ | 78 | | | $ | 131 | | | $ | 1,133 | | | $ | 1,162 | | | $ | 2,772 | | 2024 | 536 | | | 156 | | | 220 | | | 2,267 | | | 2,319 | | | 5,498 | | 2025 | 447 | | | 128 | | | 220 | | | 2,267 | | | 2,316 | | | 5,378 | | 2026 | — | | | — | | | 134 | | | 2,267 | | | 2,313 | | | 4,714 | | 2027 | — | | | — | | | — | | | 2,267 | | | 1,927 | | | 4,194 | | Thereafter | — | | | — | | | — | | | 5,855 | | | — | | | 5,855 | | Total | $ | 1,251 | | | $ | 362 | | | $ | 705 | | | $ | 16,056 | | | $ | 10,037 | | | $ | 28,411 | |
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