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GOODWILL AND INTANGIBLES | 9 Months Ended
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Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES Intangible asset balances and goodwill consisted of the following:
|  | As of March 31, 2022 |  |
($ in thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Amortization Period
Intangible assets: |  |  |  |  |  |  |  |
Brand and tradenames |  | $ | 1,705 |  |  | $ | (1,058) |  |  | $ | 647 |  |  | 1 - 7 years
Developed technology |  | 11,819 |  |  | (8,288) |  |  | 3,531 |  |  | 5 - 6 years
Customer relationships |  | 19,339 |  |  | (4,740) |  |  | 14,599 |  |  | 5 - 18 years
Total intangible assets |  | $ | 32,863 |  |  | $ | (14,086) |  |  | $ | 18,777 |  |  |
Goodwill |  | 66,656 |  |  | — |  |  | 66,656 |  |  | 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 and nine months ended March 31, 2022, there was $0.8 million and $2.5 million in amortization expense related to intangible assets, respectively, that was recognized. The Company recognized $2.7 million in goodwill and $1.2 million in newly acquired intangible assets in association with the Yoke acquisition as referenced in Note 5 - Acquisition. During the three and nine months ended March 31, 2021, there was $0.8 million and $2.4 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 and nine months ended March 31, 2022 and March 31, 2021, the Company did not recognize any impairment charges related to goodwill.

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- References No definition available. + Details
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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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