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Intangible Assets and Goodwill (Tables) | 6 Months Ended
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Dec. 31, 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 |
December 31, 2024 |  |  |  |  |  |  |  |  |  |  |
Developed technology |  | 2.8 years |  | $ | 168,884 |  |  | $ | 163,676 |  |  | $ | 5,208 |
Customer relationships |  | 1.5 years |  |  | 64,626 |  |  |  | 61,756 |  |  |  | 2,870 |
Trade names |  | 0.0 years |  |  | 10,700 |  |  |  | 10,700 |  |  |  | — |
License agreements |  | 2.0 years |  |  | 1,282 |  |  |  | 1,139 |  |  |  | 143 |
Total intangible assets, net* |  |  |  | $ | 245,492 |  |  | $ | 237,271 |  |  | $ | 8,221 |
* 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 |  |  | Six Months Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | December 31, 2024 |  |  | December 31, 2023 |
Amortization of intangible assets in “Total cost of revenues” |  | $ | 606 |  |  | $ | 611 |  |  | $ | 1,230 |  |  | $ | 2,044 |
Amortization of intangible assets in “Total operating expenses” |  |  | 509 |  |  |  | 509 |  |  |  | 1,021 |  |  |  | 1,020 |
Total amortization expense |  | $ | 1,115 |  |  | $ | 1,120 |  |  | $ | 2,251 |  |  | $ | 3,064 |
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) |  | $ | 2,183 |
2026 |  |  | 3,131 |
2027 |  |  | 1,402 |
2028 |  |  | 1,246 |
2029 |  |  | 259 |
Total |  | $ | 8,221 |
Summary of Goodwill | The Company had goodwill in the amount of $392.0 million and $393.7 million as of December 31, 2024 and June 30, 2024, respectively. The change in goodwill during the six months ended December 31, 2024 is du e to foreign currency translation adjustments that are recorded as a component of accumulated other comprehensive loss.

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