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Intangible Assets and Goodwill (Tables) | 3 Months Ended
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Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Components of Gross and Net Intangible Asset Balances | Intangible Assets The following tables summarize the components of gross and net intangible assets (in thousands, except years):
|  | Weighted Average |  |  |  |  |  |  |  |  |
|  | Remaining Amortization |  | Gross Carrying |  |  | Accumulated |  |  | Net Carrying |
|  | Period |  | Amount |  |  | Amortization |  |  | Amount |
September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.0 years |  | $ | 169,801 |  |  | $ | 163,600 |  |  | $ | 6,201 |
Customer relationships |  | 1.7 years |  |  | 64,739 |  |  |  | 61,338 |  |  |  | 3,401 |
Trade names |  | 0.0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | — |
License agreements |  | 2.3 years |  |  | 1,282 |  |  |  | 1,122 |  |  |  | 160 |
Total intangible assets, net* |  |  |  | $ | 246,522 |  |  | $ | 236,760 |  |  | $ | 9,762 |
* The carrying amount 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, 2024 |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 3.0 years |  | $ | 169,247 |  |  | $ | 162,708 |  |  | $ | 6,539 |
Customer relationships |  | 2.0 years |  |  | 64,671 |  |  |  | 60,776 |  |  |  | 3,896 |
Trade names |  | 0.0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | — |
License agreements |  | 2.4 years |  |  | 1,282 |  |  |  | 1,104 |  |  |  | 178 |
Total intangible assets, net* |  |  |  | $ | 245,901 |  |  | $ | 235,288 |  |  | $ | 10,613 |
* The carrying amount of foreign intangible assets are affected by foreign currency translation |  |  |  |
Summary of Amortization Expense of Intangibles | The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):
|  | Three Months Ended |
|  | September 30, 2024 |  |  | September 30, 2023 |
Amortization of intangible assets in “Total cost of revenues” |  | $ | 624 |  |  | $ | 1,433 |
Amortization of intangible assets in “Total operating expenses” |  |  | 512 |  |  |  | 511 |
Total amortization expense |  | $ | 1,136 |  |  | $ | 1,944 |
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: |  |  |
2025 (the remainder of fiscal 2025) |  | $ | 3,432 |
2026 |  |  | 3,282 |
2027 |  |  | 1,470 |
2028 |  |  | 1,306 |
2029 |  |  | 272 |
Total |  | $ | 9,762 |
Summary of Goodwill | The Company had goodwill in the amount of $396.3 million and $393.7 million as of September 30, 2024 and June 30, 2024, respectively. The change in goodwill during the three months ended September 30, 2024 is due to foreign currency translation adjustments that are recorded as a component of accumulated other comprehensive loss.

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