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GOODWILL AND INTANGIBLES | 3 Months Ended
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Sep. 30, 2024
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, 2024 |  | Weighted Average Remaining Useful Life (Years)
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Brand and trade names | $ | 2,526 |  |  | (1,971) |  |  | 555 |  |  | 2.0
Developed technology | 23,119 |  |  | (13,792) |  |  | 9,327 |  |  | 3.8
Customer relationships | 27,217 |  |  | (10,337) |  |  | 16,880 |  |  | 8.6
Total intangible assets | $ | 52,862 |  |  | $ | (26,100) |  |  | $ | 26,762 |  |  | 6.8
Goodwill | $ | 102,708 |  |  | $ | — |  |  | $ | 102,708 |  |  | Indefinite
| As of June 30, 2024 |  | Weighted Average Useful Life (Years)
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Brand and trade names | $ | 2,361 |  |  | $ | (1,852) |  |  | $ | 509 |  |  | 1.6
Developed technology | 20,062 |  |  | (13,304) |  |  | 6,758 |  |  | 3.6
Customer relationships | 27,024 |  |  | (9,665) |  |  | 17,359 |  |  | 8.8
Total intangible assets | $ | 49,447 |  |  | $ | (24,821) |  |  | $ | 24,626 |  |  | 7.2
Goodwill | $ | 94,903 |  |  | $ | — |  |  | $ | 94,903 |  |  | Indefinite
During the three months ended September 30, 2024 and September 30, 2023, the Company recognize d $1.3 million and $1.6 million, respectively, in amortization expense related to intangible assets. 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 one single reporting unit for purposes of testing goodwill for impairment. During the three ended September 30, 2024 and September 30, 2023, 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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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