XML 69 R45.htm IDEA: XBRL DOCUMENT v3.23.2
GOODWILL AND INTANGIBLE ASSETS (Tables)
 12 Months Ended
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 acquisitions1
24,452 
Balance as of June 30, 202295,674 
Goodwill from acquisitions1,999 
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, 2023June 30, 2022
(Dollars in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Covenant not to compete$1,380 $1,149 $231 $1,060 $1,038 $22 
Customer relationships50,810 14,598 36,212 46,960 10,654 36,306 
Customer deposit intangible13,545 9,235 4,310 13,545 7,655 5,890 
Developed technologies34,650 21,405 13,245 34,040 15,905 18,135 
Trademark378 — 378 378 — 378 
Trade name700 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, 2023June 30, 2022
(Dollars in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Covenant not to compete$1,380 $1,149 $231 $1,060 $1,038 $22 
Customer relationships50,810 14,598 36,212 46,960 10,654 36,306 
Customer deposit intangible13,545 9,235 4,310 13,545 7,655 5,890 
Developed technologies34,650 21,405 13,245 34,040 15,905 18,135 
Trademark378 — 378 378 — 378 
Trade name700 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 
20256,666 
20266,331 
20276,067 
20285,233