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Intangible Assets | 3 Months Ended
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Sep. 30, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets |
7. | Intangible Assets
The following tables summarize the components of gross and net intangible asset balances (dollars in thousands):
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
September 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.4 years |  | $ | 170,600 |  |  | $ | 149,990 |  |  | $ | 20,610 |
Customer relationships |  | 3.7 years |  |  | 64,839 |  |  |  | 57,186 |  |  |  | 7,653 |
Trade names |  | 0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | - |
License agreements |  | 4.2 years |  |  | 2,445 |  |  |  | 2,143 |  |  |  | 302 |
Total intangibles, net |  |  |  | $ | 248,584 |  |  | $ | 220,019 |  |  | $ | 28,565 |
|  | Weighted Average |  |  |  |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
June 30, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.3 years |  | $ | 170,600 |  |  | $ | 146,560 |  |  | $ | 24,040 |
Customer relationships |  | 3.9 years |  |  | 64,839 |  |  |  | 56,704 |  |  |  | 8,135 |
Trade names |  | 0.1 years |  |  | 10,700 |  |  |  | 10,680 |  |  |  | 20 |
License agreements |  | 4.4 years |  |  | 2,445 |  |  |  | 2,125 |  |  |  | 320 |
Total intangibles, net |  |  |  | $ | 248,584 |  |  | $ | 216,069 |  |  | $ | 32,515 |
The amortization expense of intangibles for the periods presented is summarized below (in thousands):
|  | Three Months Ended |
|  | September 30, 2022 |  |  | September 30, 2021 |
Amortization of intangibles in “Total cost of revenues” |  | $ | 3,605 |  |  | $ | 5,286 |
Amortization of intangibles in "Total operating expenses" |  |  | 523 |  |  |  | 1,154 |
Total amortization expense |  | $ | 4,128 |  |  | $ | 6,440 |
The amortization expense that is recognized in “Total cost of revenues” is comprised of amortization for most of developed technology and license agreements. 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: |  |  |  |
2023 (the remainder of fiscal 2023) |  | $ | 11,562 |
2024 |  |  | 5,571 |
2025 |  |  | 4,757 |
2026 |  |  | 3,411 |
2027 |  |  | 1,528 |
Thereafter |  |  | 1,736 |
Total |  | $ | 28,565 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -URI https://asc.fasb.org/subtopic&trid=2144471 + Details
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