GOODWILL AND INTANGIBLES

3 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:

	As of September 30, 2023
($ in thousands)	Gross		Accumulated Amortization		Net		Amortization Period
Intangible assets:
Brand and tradenames	$	2,161	$	(1,517)	$	644	1 - 7 years
Developed technology	20,188		(11,989)		8,199		5 - 6 years
Customer relationships	24,714		(7,321)		17,393		5 - 18 years
Total intangible assets	$	47,063	$	(20,827)	$	26,236
Goodwill	92,380		—		92,380		Indefinite

	As of June 30, 2023
($ in thousands)	Gross		Accumulated Amortization		Net		Amortization Period
Intangible assets:
Brand and tradenames	2,161		(1,414)		747		1 - 7 years
Developed technology	20,188		(11,066)		9,122		5 - 6 years
Customer relationships	24,714		(6,771)		17,943		5 - 18 years
Total intangible assets	$	47,063	$	(19,251)	$	27,812
Goodwill	92,005		—		92,005		Indefinite

During the three months ended September 30, 2023 and September 30, 2022, the Company recognized $1.6 million and $0.8 million, respectively, in amortization expense related to intangible assets. The Company performs an annual goodwill impairment test on April 1 and more frequently if events and circumstances indicate that the asset might be impaired. The Company has determined that there is one single reporting unit for purposes of testing goodwill for impairment. During the three months ended September 30, 2023 and September 30, 2022, the Company did not recognize any impairment charges related to goodwill.