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Goodwill and Intangible Assets | 12 Months Ended
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Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | 7. Goodwill and Intangible Assets The following table reflects the changes in the carrying amount of goodwill (in thousands):
|  | June 30, 2020 |  |  | June 30, 2019 |
Balance at beginning of period |  | $ | 138,577 |  |  | $ | 139,082 |
Additions due to acquisitions (see Note 4) |  |  | 192,582 |  |  |  | — |
Adjustments |  |  | — |  |  |  | (505 | )
Balance at end of period |  | $ | 331,159 |  |  | $ | 138,577 |
The following tables summarize the components of gross and net intangible asset balances (in thousands, except years):
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 2.4 years |  | $ | 156,100 |  |  | $ | 103,806 |  |  | $ | 52,294 |
Customer relationships |  | 4.8 years |  |  | 63,039 |  |  |  | 49,598 |  |  |  | 13,441 |
Backlog |  | — years |  |  | 400 |  |  |  | 400 |  |  |  | — |
Trade names |  | 1.4 years |  |  | 10,700 |  |  |  | 8,554 |  |  |  | 2,146 |
License agreements |  | 5.8 years |  |  | 2,445 |  |  |  | 1,932 |  |  |  | 513 |
Other intangibles |  | — years |  |  | 1,382 |  |  |  | 1,382 |  |  |  | — |
Total intangibles, net |  |  |  | $ | 234,066 |  |  | $ | 165,672 |  |  | $ | 68,394 |
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 2.4 years |  | $ | 117,000 |  |  | $ | 77,449 |  |  | $ | 39,551 |
Customer relationships |  | 2.0 years |  |  | 51,639 |  |  |  | 44,410 |  |  |  | 7,229 |
Trade names |  | 2.4 years |  |  | 9,100 |  |  |  | 5,647 |  |  |  | 3,453 |
License agreements |  | 5.4 years |  |  | 2,445 |  |  |  | 1,661 |  |  |  | 784 |
Other intangibles |  | 0.6 years |  |  | 1,382 |  |  |  | 1,287 |  |  |  | 95 |
Total intangibles, net |  |  |  | $ | 181,566 |  |  | $ | 130,454 |  |  | $ | 51,112 |
The following table summarizes the amortization expense of intangibles for the periods presented (in thousands):
|  | Year Ended |
|  | June 30, 2020 |  |  | June 30, 2019 |  |  | June 30, 2018 |
Amortization in “Cost of revenues: Product and Service” |  | $ | 26,793 |  |  | $ | 19,638 |  |  | $ | 16,870 |
Amortization of intangibles in "Operations" |  |  | 8,425 |  |  |  | 6,346 |  |  |  | 8,715 |
Total amortization |  | $ | 35,218 |  |  | $ | 25,984 |  |  | $ | 25,585 |
The amortization expense that is recognized in “Cost of revenues: Product and Service” is comprised of amortization for developed technology, license agreements and other intangibles. The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):
For the fiscal year ending: |  |  |  |
2021 |  | $ | 32,356 |
2022 |  |  | 17,674 |
2023 |  |  | 12,278 |
2024 |  |  | 2,515 |
2025 |  |  | 1,700 |
Thereafter |  |  | 1,871 |
Total |  | $ | 68,394 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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