XML 42 R17.htm IDEA: XBRL DOCUMENT
v3.22.2.2

GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
--- | ---
Jun. 30, 2022
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, 2022 |  | Amortization Period
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Brand and tradenames | $ | 1,705 |  |  | $ | (1,133) |  |  | $ | 572 |  |  | 1 - 7 years
Developed technology | 11,819 |  |  | (8,761) |  |  | 3,058 |  |  | 5 - 6 years
Customer relationships | 19,339 |  |  | (5,022) |  |  | 14,317 |  |  | 5 - 18 years
Total intangible assets | $ | 32,863 |  |  | $ | (14,916) |  |  | $ | 17,947 |  |  |
Goodwill | $ | 66,656 |  |  | $ | — |  |  | $ | 66,656 |  |  | Indefinite
| 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
For the years ended June 30, 2022, 2021 and 2020, amortization expense related to intangible assets was $3.3 million, $3.1 million and $3.1 million, respectively. The weighted-average remaining useful life of the finite-lived intangible assets was 10.5 years as of June 30, 2022, of which the weighted-average remaining useful life for the brand and tradenames was 2.3 years, for the developed technology was 2 years, and for the customer relationships was 13.0 years. Estimated annual amortization expense for intangible assets is as follows (in thousands):
2023 | $ | 3,270 |
2024 | 2,151 |
2025 | 1,389 |
2026 | 1,292 |
2027 | 1,069 |
Thereafter | 8,776 |
| $ | 17,947 |

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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration