Goodwill and Intangible Assets, Net

9 Months Ended

Mar. 31, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

8. Goodwill and Intangible Assets, Net

Goodwill

The changes in the carrying amount of goodwill for the nine months ended March 31, 2022 were as follows (in thousands):

	Goodwill
Balance as of June 30, 2021	$	117,833
Goodwill acquired ⁽¹⁾		1,756
Balance as of March 31, 2022	$	119,589

⁽¹⁾	Represents goodwill acquired associated with an immaterial acquisition completed in the second quarter of fiscal year 2022.

There were no impairments to goodwill during the nine months ended March 31, 2022.

Intangible Assets, Net

Intangible assets, net, consisted of the following (in thousands):

	March 31, 2022							June 30, 2021
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	90,830	$	(50,269	)	$	40,561	$	90,830	$	(43,485	)	$	47,345
Content		43,056		(43,056	)		—		43,056		(42,790	)		266
Website/trade/domain names		25,102		(18,713	)		6,389		25,102		(18,303	)		6,799
Acquired technology and others		34,934		(30,381	)		4,553		33,834		(29,067	)		4,767
Total	$	193,922	$	(142,419	)	$	51,503	$	192,822	$	(133,645	)	$	59,177

Amortization of intangible assets was $2.8 million and $8.8 million for the three and nine months ended March 31, 2022, and $2.8 million and $8.8 million for the three and nine months ended March 31, 2021.

Future amortization expense for the Company’s intangible assets as of March 31, 2022 was as follows (in thousands):

Fiscal Year Ending June 30,	Amortization
2022 (remaining three months)	$	2,787
2023		10,882
2024		9,945
2025		7,805
2026		5,197
Thereafter		14,887
Total	$	51,503