Intangible Assets

9 Months Ended

Mar. 31, 2020

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, 2020 and June 30, 2019:

	Gross Carrying Amount		Accumulated Amortization			Effect of Currency Translation			Net Carrying Amount
	(Dollars in Thousands)
March 31, 2020:
Technology	$	51,269	$	(12,080	)	$	(904	)	$	38,285
Customer relationships	9,148		(2,496		)	(726		)	5,926
Non-compete agreements	553		(553		)	—			—
Total	$	60,970	$	(15,129	)	$	(1,630	)	$	44,211
June 30, 2019:
Technology	$	37,168	$	(8,868	)	$	(118	)	$	28,182
Customer relationships	6,503		(1,039		)	(100		)	5,364
Non-compete agreements	553		(492		)	—			61
Total	$	44,224	$	(10,399	)	$	(218	)	$	33,607

Total amortization expense related to intangible assets is included in cost of license revenue and operating expenses and amounted to approximately $1.9 million and $1.2 million for the three months ended March 31, 2020 and 2019, respectively, and approximately $4.7 million and $3.4 million for the nine months ended March 31, 2020 and 2019, respectively.

Future amortization expense as of March 31, 2020 is expected to be as follows:

Year Ended June 30,	Amortization Expense
	(Dollars in Thousands)
2020	$	1,822
2021	6,786
2022	6,808
2023	6,782
2024	6,223
Thereafter	15,790
Total	$	44,211