XML 36 R29.htm IDEA: XBRL DOCUMENT v3.25.1
Intangible Assets and Goodwill (Tables)
 9 Months Ended
Mar. 31, 2025
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

 

March 31, 2025

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

2.8 years

 

$

169,389

 

 

$

164,571

 

 

$

4,818

 

Customer relationships

 

1.3 years

 

 

64,688

 

 

 

62,318

 

 

 

2,370

 

Trade names

 

0.0 years

 

 

10,700

 

 

 

10,700

 

 

 

—

 

License agreements

 

1.7 years

 

 

1,282

 

 

 

1,158

 

 

 

124

 

Total intangible assets, net*

 

 

 

$

246,059

 

 

$

238,747

 

 

$

7,312

 

* 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

 

 

Nine Months Ended

 

 

 

March 31,
2025

 

 

March 31,
2024

 

 

March 31,
2025

 

 

March 31,
2024

 

Amortization of intangible assets in “Total cost of revenues”

 

$

598

 

 

$

616

 

 

$

1,828

 

 

$

2,661

 

Amortization of intangible assets in “Total operating expenses”

 

 

507

 

 

 

511

 

 

 

1,528

 

 

 

1,531

 

Total amortization expense

 

$

1,105

 

 

$

1,127

 

 

$

3,356

 

 

$

4,192

 
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)

 

$

1,120

 

2026

 

 

3,211

 

2027

 

 

1,438

 

2028

 

 

1,277

 

2029

 

 

266

 

Total

 

$

7,312

 
Summary of Goodwill

The Company had goodwill in the amount of $394.4 million and $393.7 million as of March 31, 2025 and June 30, 2024, respectively. The change in goodwill during the nine months ended March 31, 2025 is due to foreign currency translation adjustments that are recorded as a component of accumulated other comprehensive loss.