GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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, 2023	$	97,673
Goodwill from acquisitions	—
Balance as of June 30, 2024	97,673
Goodwill from acquisitions	—
Balance as of June 30, 2025	$	97,673

There was no goodwill impairment identified for the fiscal years ended June 30, 2025 and June 30, 2024.

The Company’s acquired intangible assets are summarized as follows as of the dates indicated:


	June 30, 2025						June 30, 2024
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Covenant not to compete	$	1,387	$	1,369	$	18	$	1,387	$	1,258	$	129
Customer relationships	50,810		21,913		28,897		50,810		18,453		32,357
Customer deposit intangible	13,545		11,657		1,888		13,545		10,569		2,976
Developed technologies	34,650		29,414		5,236		34,650		26,833		7,817
Trademark	518		—		518		378		—		378
Trade name	950		710		240		950		637		313
Workforce	206		174		32		206		79		127
Total intangible assets	$	102,066	$	65,237	$	36,829	$	101,926	$	57,829	$	44,097

The amortization expense for intangible assets that are subject to amortization was $7.4 million and $10.8 million for the fiscal years ended June 30, 2025 and 2024, 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, 2025 is as follows:


(Dollars in thousands)	Amortization Expense
For the fiscal year ending June 30,
2026	$	6,117
2027	5,821
2028	5,283
2029	3,408
2030	2,915