GOODWILL AND INTANGIBLES

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES

The Company's acquisition of Bytewise in 2011 and a private software company in 2017 resulted in the recognition of goodwill totaling $4.7 million. In fiscal year 2020 the Company recorded an impairment charge of $3.7 million. The balance of goodwill on the Consolidated Balance Sheets as of June 30, 2022 is $1.0 million.

Identifiable intangible assets consist of the following (in thousands):

	6/30/2022		06/30/2021
Trademarks and trade names	$	2,070	$	2,070
Completed technology	—		2,010
Customer relationships	630		630
Software development	11,269		10,244
Other intangible assets	—		—
Gross intangible assets	13,969		14,954
Accumulated amortization and impairment	(9,329)		(10,066)
Net intangible assets	$	4,640	$	4,888

Identifiable intangible assets are being amortized on a straight-line basis over the period of expected economic benefit. Amortization expense was $1.3 million, $1.2 million and $1.9 million for the year ended June 30, 2022, 2021 and 2020, respectively. The estimated aggregate amortization expense for each of the next five years, and thereafter, is as follows:

Fiscal Year	(In thousands)
2023	$	1,358
2024	1,088
2025	928
2026	717
2027	389
Thereafter	160
	$	4,640