XML 34 R17.htm IDEA: XBRL DOCUMENT
v3.20.2

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible asset balances consisted of the following:
| As of June 30, 2020 |  | Amortization Period
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Non-compete agreements | $ | 2 |  |  | $ | (2 | ) |  | $ | — |  |  | 2 years
Brand and tradenames | 1,695 |  |  | (699 | ) |  | 996 |  |  | 3 - 7 years
Developed technology | 10,939 |  |  | (5,110 | ) |  | 5,829 |  |  | 5 - 6 years
Customer relationships | 19,049 |  |  | (2,841 | ) |  | 16,208 |  |  | 10 - 18 years
Total intangible assets | $ | 31,685 |  |  | $ | (8,652 | ) |  | $ | 23,033 |  |  |
Goodwill | 63,945 |  |  | — |  |  | 63,945 |  |  | Indefinite
Total intangible assets and goodwill | $ | 95,630 |  |  | $ | (8,652 | ) |  | $ | 86,978 |  |  |
| As of June 30, 2019 |  | Amortization Period
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Non-compete agreements | $ | 2 |  |  | $ | (2 | ) |  | $ | — |  |  | 2 years
Brand and tradenames | 1,695 |  |  | (470 | ) |  | 1,225 |  |  | 3 - 7 years
Developed technology | 10,939 |  |  | (3,266 | ) |  | 7,673 |  |  | 5 - 6 years
Customer relationships | 19,049 |  |  | (1,776 | ) |  | 17,273 |  |  | 10 - 18 years
Total intangible assets | $ | 31,685 |  |  | $ | (5,514 | ) |  | $ | 26,171 |  |  |
Goodwill | 63,945 |  |  | — |  |  | 63,945 |  |  | Indefinite
Total intangible assets and goodwill | $ | 95,630 |  |  | $ | (5,514 | ) |  | $ | 90,116 |  |  |
For the years ended June 30, 2020, 2019 and 2018, amortization expense related to intangible assets was $3.1 million, $3.2 million and $2.1 million, respectively. The weighted-average remaining useful life of the finite-lived intangible assets was 11.8 years as of June 30, 2020, of which the weighted-average remaining useful life for the brand and tradenames was 4.3 years, for the developed technology was 3.3 years, and for the customer relationships was 15.3 years. Estimated annual amortization expense for intangible assets is as follows (in thousands):
2021 | $ | 3,074 |
2022 | 3,010 |
2023 | 3,010 |
2024 | 1,909 |
2025 | 1,147 |
Thereafter | 10,883 |
| $ | 23,033 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration