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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
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, 2022
$95,674 
Goodwill from acquisitions1,999 
Balance as of June 30, 2023
97,673 
Goodwill from acquisitions— 
Balance as of June 30, 2024
$97,673 
There was no goodwill impairment identified for the fiscal years ended June 30, 2024 and June 30, 2023.
The Company’s acquired intangible assets are summarized as follows as of the dates indicated:
June 30, 2024
June 30, 2023
(Dollars in thousands)Gross Carrying AmountAccumulated AmortizationNet Carrying AmountGross Carrying AmountAccumulated AmortizationNet Carrying Amount
Covenant not to compete$1,387 $1,258 $129 $1,380 $1,149 $231 
Customer relationships50,810 18,453 32,357 50,810 14,598 36,212 
Customer deposit intangible13,545 10,569 2,976 13,545 9,235 4,310 
Developed technologies34,650 26,833 7,817 34,650 21,405 13,245 
Trademark378 — 378 378 — 378 
Trade name950 637 313 700 600 100 
Workforce
206 79 127 — — — 
Total intangible assets$101,926 $57,829 $44,097 $101,463 $46,987 $54,476 
The amortization expense for intangible assets that are subject to amortization was $10.8 million and $11.2 million for the fiscal years ended June 30, 2024 and 2023, respectively. Each intangible asset subject to amortization is amortized using the straight-line method over the estimated useful life of the asset. Trademark is an indefinite life intangible.
Estimated future amortization expense related to finite-lived intangible assets at June 30, 2024 is as follows:
(Dollars in thousands)Amortization Expense
For the fiscal year ending June 30,
2025$7,408 
20266,364 
20276,027 
20284,935 
20293,306