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GOODWILL AND INTANGIBLES | 6 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLES | GOODWILL AND INTANGIBLES Intangible asset balances and goodwill consisted of the following:
| As of December 31, 2024 |  | Weighted Average Remaining Useful Life (Years)
($ in thousands) | Gross |  | Accumulated Amortization |  | Net |
Intangible assets: |  |  |  |  |  |  |
Brand and trade names | $ | 2,510 |  |  | (2,075) |  |  | 435 |  |  | 1.8
Developed technology | 22,882 |  |  | (14,467) |  |  | 8,415 |  |  | 3.6
Customer relationships | 27,186 |  |  | (11,020) |  |  | 16,166 |  |  | 8.5
Total intangible assets | $ | 52,578 |  |  | $ | (27,562) |  |  | $ | 25,016 |  |  | 6.7
Goodwill | $ | 102,292 |  |  | $ | — |  |  | $ | 102,292 |  |  | 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 and six months ended December 31, 2024, the Company recognize d $1.5 million and $2.7 million, respectively, in amortization expense related to intangible assets. During the three and six months ended December 31, 2023, the Company recognized $1.4 million and $3.0 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 six months ended December 31, 2024 and December 31, 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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