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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2014
Summary of Changes to Goodwill Balance

The following summarizes changes to the goodwill balance for the years ended June 30, 2014 and 2013:

 

     Year Ended June 30,  
(In thousands)    2014      2013  

Balance at beginning of period

   $ 56,850       $ 56,850   

Current period acquisitions

     112,331         —     
  

 

 

    

 

 

 

Balance at end of period

   $ 169,181       $ 56,850   
  

 

 

    

 

 

 
Summarized Amounts Reported as Intangible Assets

The following summarizes the amounts reported as intangible assets:

 

(In thousands)    Gross
Carrying
Amount
     Accumulated
Amortization
    Net  

at June 30, 2014

       

Purchased licenses and technologies

   $ 201,100       $ (6,597   $ 194,503   

Customer relationships

     4,650         (1,441     3,209   

Trademarks

     3,000         (200     2,800   
  

 

 

    

 

 

   

 

 

 

Total amortized intangible assets

     208,750         (8,238     200,512   
  

 

 

    

 

 

   

 

 

 

In-process research and development

     4,800         —          4,800   
  

 

 

    

 

 

   

 

 

 

Total unamortized intangible assets

     4,800        —         4,800  
  

 

 

    

 

 

   

 

 

 

Total intangible assets

   $ 213,550       $ (8,238   $ 205,312   
  

 

 

    

 

 

   

 

 

 
(In thousands)    Gross
Carrying
Amount
     Accumulated
Amortization
    Net  

at June 30, 2013

       

Purchased licenses and technologies

   $ 4,500       $ (2,644   $ 1,856   

Customer relationships

     4,650         (976     3,674   

Trademarks

     3,000         —          3,000   
  

 

 

    

 

 

   

 

 

 

Total amortized intangible assets

     12,150         (3,620     8,530   
  

 

 

    

 

 

   

 

 

 

In-process research and development

     4,800         —          4,800   
  

 

 

    

 

 

   

 

 

 

Total unamortized intangible assets

     4,800         —          4,800   
  

 

 

    

 

 

   

 

 

 

Total intangible assets

   $ 16,950       $ (3,620   $ 13,330   
  

 

 

    

 

 

   

 

 

 
Amortization for Intangible Assets

The Company recorded amortization during the respective periods for these intangible assets as follows:

 

     Years Ended June 30,  
(In thousands)    2014      2013      2012  

Amortization on intangible assets

   $ 4,633       $ 895       $ 1,100   
Schedule of Future Estimated Amortization Expense

Future estimated amortization expense as of June 30, 2014 for the five succeeding fiscal years is as follows:

 

(In thousands)       

Fiscal year ending:

  

2015

   $ 11,900   

2016

     11,900   

2017

     11,900   

2018

     11,881   

2019

     11,587   
  

 

 

 
   $ 59,168