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GOODWILL AND INTANGIBLE ASSETS (Tables) | 12 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Activity in the Company's Goodwill Balance | The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated:
(Dollars in thousands) | Total
Balance as of June 30, 2021 | $ | 71,222 |
Goodwill from acquisitions 1 | 24,452 |
Balance as of June 30, 2022 | 95,674 |
Goodwill from acquisitions | 1,999 |
Balance as of June 30, 2023 | $ | 97,673 |
1 Goodwill acquired in the AAS acquisition is allocated to the Securities Business segment. For additional information on the AAS acquisition, see Note 2 - “Acquisitions.”
Schedule of Company's Acquired Intangible Assets | The Company’s acquired intangible assets are summarized as follows as of the dates indicated:
|  | June 30, 2023 |  | June 30, 2022
(Dollars in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Covenant not to compete |  | $ | 1,380 |  |  | $ | 1,149 |  |  | $ | 231 |  |  | $ | 1,060 |  |  | $ | 1,038 |  |  | $ | 22 |
Customer relationships |  | 50,810 |  |  | 14,598 |  |  | 36,212 |  |  | 46,960 |  |  | 10,654 |  |  | 36,306 |
Customer deposit intangible |  | 13,545 |  |  | 9,235 |  |  | 4,310 |  |  | 13,545 |  |  | 7,655 |  |  | 5,890 |
Developed technologies |  | 34,650 |  |  | 21,405 |  |  | 13,245 |  |  | 34,040 |  |  | 15,905 |  |  | 18,135 |
Trademark |  | 378 |  |  | — |  |  | 378 |  |  | 378 |  |  | — |  |  | 378 |
Trade name |  | 700 |  |  | 600 |  |  | 100 |  |  | 580 |  |  | 580 |  |  | — |
Total intangible assets |  | $ | 101,463 |  |  | $ | 46,987 |  |  | $ | 54,476 |  |  | $ | 96,563 |  |  | $ | 35,832 |  |  | $ | 60,731 |
Schedule of Company's Acquired Intangible Assets | The Company’s acquired intangible assets are summarized as follows as of the dates indicated:
|  | June 30, 2023 |  | June 30, 2022
(Dollars in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Covenant not to compete |  | $ | 1,380 |  |  | $ | 1,149 |  |  | $ | 231 |  |  | $ | 1,060 |  |  | $ | 1,038 |  |  | $ | 22 |
Customer relationships |  | 50,810 |  |  | 14,598 |  |  | 36,212 |  |  | 46,960 |  |  | 10,654 |  |  | 36,306 |
Customer deposit intangible |  | 13,545 |  |  | 9,235 |  |  | 4,310 |  |  | 13,545 |  |  | 7,655 |  |  | 5,890 |
Developed technologies |  | 34,650 |  |  | 21,405 |  |  | 13,245 |  |  | 34,040 |  |  | 15,905 |  |  | 18,135 |
Trademark |  | 378 |  |  | — |  |  | 378 |  |  | 378 |  |  | — |  |  | 378 |
Trade name |  | 700 |  |  | 600 |  |  | 100 |  |  | 580 |  |  | 580 |  |  | — |
Total intangible assets |  | $ | 101,463 |  |  | $ | 46,987 |  |  | $ | 54,476 |  |  | $ | 96,563 |  |  | $ | 35,832 |  |  | $ | 60,731 |
Schedule of Estimated Future Amortization Expense of Acquired Intangible Assets | Estimated future amortization expense related to finite-lived intangible assets at June 30, 2023 is as follows:
(Dollars in thousands) | Amortization Expense
For the fiscal year ending June 30, |
2024 | $ | 10,748 |
2025 | 6,666 |
2026 | 6,331 |
2027 | 6,067 |
2028 | 5,233 |

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