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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2021
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, 2021 |  | Amortization Period
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Brand and tradenames | $ | 1,640 |  |  | $ | (840) |  |  | $ | 800 |  |  | 3 - 7 years
Developed technology | 10,939 |  |  | (6,890) |  |  | 4,049 |  |  | 5 - 6 years
Customer relationships | 19,049 |  |  | (3,906) |  |  | 15,143 |  |  | 10 - 18 years
Total intangible assets | $ | 31,628 |  |  | $ | (11,636) |  |  | $ | 19,992 |  |  |
Goodwill | $ | 63,945 |  |  | $ | — |  |  | $ | 63,945 |  |  | Indefinite
| As of June 30, 2020 |  | Amortization Period
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
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 | $ | 31,683 |  |  | $ | (8,650) |  |  | $ | 23,033 |  |  |
Goodwill | $ | 63,945 |  |  | $ | — |  |  | $ | 63,945 |  |  | Indefinite
For the years ended June 30, 2021, 2020 and 2019, amortization expense related to intangible assets was $3.1 million, $3.1 million and $3.2 million, respectively. The weighted-average remaining useful life of the finite-lived intangible assets was 11.43 years as of June 30, 2021, of which the weighted-average remaining useful life for the brand and tradenames was 3.4 years, for the developed technology was 2.3 years, and for the customer relationships was 14.3 years. Estimated annual amortization expense for intangible assets is as follows (in thousands):
2022 | $ | 3,018 |
2023 | 3,018 |
2024 | 1,917 |
2025 | 1,155 |
2026 | 1,058 |
Thereafter | 9,826 |
| $ | 19,992 |

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- 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
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