GOODWILL AND INTANGIBLES

12 Months Ended

Jun. 30, 2023

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, 2023 is $1.0 million.

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

	6/30/2023		06/30/2022
Trademarks and trade names	$	2,070	$	2,070
Customer relationships	630		630
Software development	11,149		11,269
Other intangible assets	105		—
Gross intangible assets	13,954		13,969
Accumulated amortization and impairment	(9,282)		(9,329)
Net intangible assets	$	4,672	$	4,640

Identifiable intangible assets are being amortized on a straight-line basis over the period of expected economic benefit. Amortization expense was $1.2 million and $1.3 million for the years ended June 30, 2023, and 2022, respectively. The estimated aggregate amortization expense for each of the next five years, and thereafter, is as follows:

Fiscal Year	(In thousands)
2024	$	1,324
2025	1,165
2026	954
2027	635
2028	407
Thereafter	187
	$	4,672