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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Summary of Goodwill | The following table reflects the changes in the carrying amount of goodwill (in thousands):
|  | June 30, 2023 |  |  | June 30, 2022 |
Balance at beginning of period |  | $ | 400,144 |  |  | $ | 331,159 |
Additions due to acquisitions (see Note 4) |  |  | — |  |  |  | 68,985 |
Foreign currency translation |  |  | (5,389 | ) |  |  | — |
Balance at end of period |  | $ | 394,755 |  |  | $ | 400,144 |
Components of Gross and Net Intangible Asset Balances | 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, 2023 |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 4.1 years |  | $ | 169,460 |  |  | $ | 159,592 |  |  | $ | 9,868 |
Customer relationships |  | 3.4 years |  |  | 64,839 |  |  |  | 58,894 |  |  |  | 5,945 |
Trade names |  | 0.0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | — |
License agreements |  | 3.4 years |  |  | 2,445 |  |  |  | 2,195 |  |  |  | 250 |
Total intangible assets, net* |  |  |  | $ | 247,444 |  |  | $ | 231,381 |  |  | $ | 16,063 |
* The carrying amounts of foreign intangible assets are affected by foreign currency translation. |  |  |  |
|  | 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 intangible assets, net* |  |  |  | $ | 248,584 |  |  | $ | 216,069 |  |  | $ | 32,515 |
* The carrying amount of foreign intangible assets are affected by foreign currency translation. |  |  |  |
Summary of Amortization Expense of Intangible Assets | The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):
|  | Year Ended |
|  | June 30, 2023 |  |  | June 30, 2022 |  |  | June 30, 2021 |
Amortization of intangible assets in “Total cost of revenues” |  | $ | 12,941 |  |  | $ | 16,711 |  |  | $ | 26,246 |
Amortization of intangible assets in “Total operating expenses” |  |  | 2,047 |  |  |  | 3,235 |  |  |  | 6,110 |
Total amortization expense |  | $ | 14,988 |  |  | $ | 19,946 |  |  | $ | 32,356 |
Schedule of Expected Amortization Expenses | The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):
|  | Amount |
For the fiscal year ending June 30: |  |  |
2024 |  | $ | 5,293 |
2025 |  |  | 4,519 |
2026 |  |  | 3,241 |
2027 |  |  | 1,452 |
2028 |  |  | 1,289 |
Thereafter |  |  | 269 |
Total |  | $ | 16,063 |

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