Intangible Assets (Policies)

6 Months Ended

Dec. 31, 2021

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 December 31, 2021 and June 30, 2021:

	Gross Carrying Amount		Accumulated Amortization		Effect of Currency Translation		Net Carrying Amount
	(Dollars in Thousands)
December 31, 2021:
Technology	$	55,288	$	(22,618)	$	385	$	33,055
Customer relationships	12,038		(5,532)		41		6,547
Non-compete agreements	553		(553)		—		—
Total	$	67,879	$	(28,703)	$	426	$	39,602
June 30, 2021:
Technology	$	55,288	$	(19,378)	$	911	$	36,821
Customer relationships	12,038		(4,713)		181		7,506
Non-compete agreements	553		(553)		—		—
Total	$	67,879	$	(24,644)	$	1,092	$	44,327

Total amortization expense related to intangible assets is included in cost of license revenue (for technology) and general and administrative expense (for customer relationships and non-compete agreements) and amounted to approximately $2.1 million and $1.9 million during the three months ended December 31, 2021 and 2020, respectively, and $4.1 million and $3.6 million during the six months ended December 31, 2021 and 2020, respectively.

Future amortization expense as of December 31, 2021 is expected to be as follows:

Year Ending June 30,	Amortization Expense
	(Dollars in Thousands)
2022	$	4,036
2023	8,053
2024	7,507
2025	7,420
2026	5,227
Thereafter	7,359
Total	$	39,602