Property and Equipment (Tables)

12 Months Ended

Jun. 30, 2021

Property, Plant and Equipment [Abstract]

Property, equipment and leasehold improvements

Property, equipment and leasehold improvements in the accompanying consolidated balance sheets consist of the following:

	Year Ended June 30,
	2021		2020
	(Dollars in Thousands)
Property, equipment and leasehold improvements, at cost:
Computer equipment	$	6,250	$	6,958
Purchased software	22,711		22,534
Furniture & fixtures	6,592		6,971
Leasehold improvements	12,982		12,424
Property, equipment and leasehold improvements, at cost	48,535		48,887
Accumulated depreciation	(42,925)		(42,924)
Property, equipment and leasehold improvements, net	$	5,610	$	5,963

Property and equipment are stated at cost. We record depreciation using the straight-line method over their estimated useful lives, as follows:

Asset Classification	Estimated Useful Life
Computer equipment	3 years
Purchased software	3 - 5 years
Furniture and fixtures	3 - 10 years
Leasehold improvements	Life of lease or asset, whichever is shorter