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GOODWILL AND INTANGIBLES | 3 Months Ended
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Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES Intangible asset balances and goodwill consisted of the following:
|  | As of September 30, 2021 |  |
($ in thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Amortization Period
Intangible assets: |  |  |  |  |  |  |  |
Brand and tradenames |  | $ | 1,705 |  |  | $ | (899) |  |  | $ | 806 |  |  | 3 - 7 years
Developed technology |  | 12,269 |  |  | (7,320) |  |  | 4,949 |  |  | 5 - 6 years
Customer relationships |  | 19,339 |  |  | (4,171) |  |  | 15,168 |  |  | 10 - 18 years
Total intangible assets |  | $ | 33,313 |  |  | $ | (12,390) |  |  | $ | 20,923 |  |  |
Goodwill |  | 66,194 |  |  | — |  |  | 66,194 |  |  | Indefinite
|  | As of June 30, 2021 |  |
($ in thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Amortization Period
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
During the three months ended September 30, 2021, The Company recognized $2.2 million in goodwill and $1.7 million in newly acquired intangible assets in association with the Yoke acquisition as referenced in Note 5 - Acquisition. For the three months ended September 30, 2021 and September 30, 2020, there was $0.8 million for each respective period in amortization expense related to intangible assets that was recognized. The Company performs an annual goodwill impairment test on April 1 and more frequently if events and circumstances indicate that the asset might be impaired. The Company has determined that there is a single reporting unit for purposes of testing goodwill for impairment. During the three months ended September 30, 2021, the Company did not recognize any impairment charges related to goodwill.

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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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