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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Changes in Carrying Amounts of Goodwill | Changes in the carrying amounts of goodwill were as follows (in thousands):
|  | Three Months Ended September 30, |
|  | 2023 |  |  | 2022 |
Balance, beginning of period |  | $ | 278,890 |  |  | $ | 269,103 |
Purchase price adjustment |  |  | — |  |  |  | 784 |
Foreign currency translation adjustment |  |  | (289 | ) |  |  | (657 | )
Balance, end of period |  | $ | 278,601 |  |  | $ | 269,230 |
Schedule of Intangible Assets Amortized on Straight Line Basis | Intangible assets acquired through business combinations consisted of the following (in thousands):
|  | September 30, 2023 |
|  | Useful Life (In years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Client relationships |  | 9 to 15 |  | $ | 48,900 |  |  | $ | (25,515 | ) |  | $ | 23,385 |
Non-compete agreements |  | 3 to 5 |  |  | 4,907 |  |  |  | (3,546 | ) |  |  | 1,361 |
Trademarks and trade names |  | Indefinite |  |  | 4,683 |  |  |  | — |  |  |  | 4,683 |
Trademarks and trade names |  | 5 to 10 |  |  | 7,822 |  |  |  | (5,458 | ) |  |  | 2,364 |
Core technology |  | 4 to 6 |  |  | 52,519 |  |  |  | (44,330 | ) |  |  | 8,189 |
Backlog |  | 2 |  |  | 1,000 |  |  |  | (430 | ) |  |  | 570 |
Intangible assets, net |  |  |  | $ | 119,831 |  |  | $ | (79,279 | ) |  | $ | 40,552 |
|  | June 30, 2023 |
|  | Useful Life (In years) |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Carrying Amount |
Client relationships |  | 9 to 15 |  | $ | 48,900 |  |  | $ | (24,341 | ) |  | $ | 24,559 |
Non-compete agreements |  | 3 to 5 |  |  | 4,907 |  |  |  | (3,383 | ) |  |  | 1,524 |
Trademarks and trade names |  | Indefinite |  |  | 4,683 |  |  |  | — |  |  |  | 4,683 |
Trademarks and trade names |  | 5 to 10 |  |  | 7,822 |  |  |  | (5,270 | ) |  |  | 2,552 |
Core technology |  | 4 to 6 |  |  | 52,519 |  |  |  | (43,275 | ) |  |  | 9,244 |
Backlog |  | 2 |  |  | 1,000 |  |  |  | (305 | ) |  |  | 695 |
Intangible assets, net |  |  |  | $ | 119,831 |  |  | $ | (76,574 | ) |  | $ | 43,257 |
Schedule of Amortization Expense Related to Acquired Intangible Assets | Amortization expense related to acquired intangible assets was recognized as follows (in thousands):
|  | Three Months Ended September 30, |
|  | 2023 |  |  | 2022 |
Cost of SaaS and support |  | $ | 1,055 |  |  | $ | 1,496 |
Sales and marketing |  |  | 1,487 |  |  |  | 1,464 |
General and administrative |  |  | 163 |  |  |  | 121 |
Total amortization expense |  | $ | 2,705 |  |  | $ | 3,081 |
Schedule of Estimated Future Amortization Expense for Acquired Intangible Assets | As of September 30, 2023, the estimated future amortization expense for acquired intangible assets is as follows (in thousands):
Fiscal Year Ending June 30, |  | Amount |
2024 (remaining 9 months) |  | $ | 7,504 |
2025 |  |  | 7,506 |
2026 |  |  | 5,090 |
2027 |  |  | 4,925 |
2028 |  |  | 4,428 |
2029 and thereafter |  |  | 6,416 |
Total remaining amortization |  | $ | 35,869 |

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