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Intangible Assets and Goodwill | 6 Months Ended
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Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill |
7. | Intangible Assets and Goodwill
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 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.0 years |  | $ | 169,203 |  |  | $ | 153,441 |  |  | $ | 15,762 |
Customer relationships |  | 3.4 years |  |  | 64,665 |  |  |  | 57,728 |  |  |  | 6,937 |
Trade names |  | 0.0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | — |
License agreements |  | 3.9 years |  |  | 2,445 |  |  |  | 2,160 |  |  |  | 285 |
Total intangibles, net* |  |  |  | $ | 247,013 |  |  | $ | 224,029 |  |  | $ | 22,984 |
* Foreign intangible assets carrying amounts 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 intangibles, net* |  |  |  | $ | 248,584 |  |  | $ | 216,069 |  |  | $ | 32,515 |
* Foreign intangible assets carrying amounts are affected by foreign currency translation.
The amortization expense of intangibles for the periods presented is summarized below (in thousands):
|  | Three Months Ended |  |  | Six Months Ended |  |
|  | December 31, 2022 |  |  | December 31, 2021 |  |  | December 31, 2022 |  |  | December 31, 2021 |  |
Amortization of intangibles in “Total cost of revenues” |  | $ | 3,220 |  |  | $ | 4,149 |  |  | $ | 6,825 |  |  | $ | 9,435 |  |
Amortization of intangibles in “Total operating expenses” |  |  | 504 |  |  |  | 804 |  |  |  | 1,027 |  |  |  | 1,958 |  |
Total amortization expense |  | $ | 3,724 |  |  | $ | 4,953 |  |  | $ | 7,852 |  |  | $ | 11,393 |  |
The amortization expense that is recognized in “Total cost of revenues” is comprised of amortization for most of the 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) |  | $ | 7,166 |
2024 |  |  | 5,212 |
2025 |  |  | 4,450 |
2026 |  |  | 3,191 |
2027 |  |  | 1,430 |
Thereafter |  |  | 1,535 |
Total |  | $ | 22,984 |
Goodwill The Company had Goodwill in the amount of $393.5 million and $400.1 million as of December 31, 2022 and June 30, 2022, respectively. The change in goodwill during the six months ended December 31, 2022 is due to foreign currency translation adjustment that is recorded as a component of accumulated other comprehensive loss.

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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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