Intangible Assets (Policies)

9 Months Ended

Mar. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets

Intangible Assets

We include in our amortizable intangible assets those intangible assets acquired in our business and asset acquisitions. We amortize acquired intangible assets with finite lives over their estimated economic lives, generally using the straight-line method. Each period, we evaluate the estimated remaining useful lives of acquired intangible assets to determine whether events or changes in circumstances warrant a revision to the remaining period of amortization. Acquired intangibles are removed from the accounts when fully amortized and no longer in use.

Intangible assets consisted of the following as of March 31, 2019 and June 30, 2018:

	Gross Carrying Amount		Accumulated Amortization			Effect of Currency Translation			Net Carrying Amount
	(Dollars in Thousands)
March 31, 2019:
Technology	$	35,644	$	(7,936	)	$	(94	)	$	27,614
Customer relationships	4,979		(865		)	(80		)	4,034
Non-compete agreements	553		(445		)	—			108
Total	$	41,176	$	(9,246	)	$	(174	)	$	31,756
June 30, 2018:
Technology	$	35,898	$	(5,182	)	$	(254	)	$	30,462
Customer relationships	5,181		(377		)	(202		)	4,602
Non-compete agreements	553		(307		)	—			246
Total	$	41,632	$	(5,866	)	$	(456	)	$	35,310

Total amortization expense related to intangible assets is included in cost of license revenue and operating expenses and amounted to approximately $1.2 million and $3.4 million for the three and nine months ended March 31, 2019, respectively, and approximately $0.5 million and $1.6 million for the three and nine months ended March 31, 2018, respectively.

Future amortization expense as of March 31, 2019 is expected to be as follows:

Year Ended June 30,	Amortization Expense
	(Dollars in Thousands)
2019	$	1,155
2020	4,692
2021	4,736
2022	4,675
2023	4,591
Thereafter	11,907
Total	$	31,756