XML 32 R15.htm IDEA: XBRL DOCUMENT
v3.22.4

GOODWILL AND INTANGIBLES | 6 Months Ended
--- | ---
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLESIntangible asset balances and goodwill consisted of the following:
|  | As of December 31, 2022 |  |
($ in thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Amortization Period
Intangible assets: |  |  |  |  |  |  |  |
Brand and tradenames |  | $ | 2,226 |  |  | $ | (1,260) |  |  | $ | 966 |  |  | 1 - 7 years
Developed technology |  | 19,267 |  |  | (9,707) |  |  | 9,560 |  |  | 5 - 6 years
Customer relationships |  | 24,592 |  |  | (5,583) |  |  | 19,009 |  |  | 5 - 18 years
Total intangible assets |  | $ | 46,085 |  |  | $ | (16,550) |  |  | $ | 29,535 |  |  |
Goodwill |  | 92,241 |  |  | — |  |  | 92,241 |  |  | Indefinite
|  | As of June 30, 2022 |  |
($ in thousands) |  | Gross |  | Accumulated Amortization |  | Net |  | Amortization Period
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 |  |  | 10 - 18 years
Total intangible assets |  | $ | 32,863 |  |  | $ | (14,916) |  |  | $ | 17,947 |  |  |
Goodwill |  | 66,656 |  |  | — |  |  | 66,656 |  |  | Indefinite
During the three and six months ended December 31, 2022, there was $0.8 million and $1.6 million in amortization expense related to intangible assets, respectively, that was recognized. The Company recognized $25.6 million in goodwill and $13.2 million in newly acquired intangible assets in association with the 32M acquisition as referenced in Note 5 - Acquisition. During the three and six months ended December 31, 2021, there was $0.9 million and $1.6 million for each respective period in amortization expense related to intangible assets 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. 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 six months ended December 31, 2022 and December 31, 2021, the Company did not recognize any impairment charges related to goodwill.

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