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Intangible Assets and Goodwill | 12 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | INTANGIBLE ASSETS AND GOODWILL Intangible assets—The Company's intangible assets include those acquired as part of the acquisitions listed in the table below (refer to Note 2 to the consolidated financial statements for further details). The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. During the years ended June 30, 2021, 2020, and 2019, there were no such indicators. Goodwill—The Company recorded as goodwill the excess of the purchase price over the estimated fair values of identifiable assets and liabilities acquired as part of the acquisitions listed in the table below (refer to Note 2 to the consolidated financial statements for further details). There were no goodwill impairment charges recorded during the years ended June 30, 2021, 2020, and 2019. Goodwill is assigned to reporting units that are expected to benefit from the synergies of the business combination as of the acquisition date and becomes identified with that reporting unit in its entirety. As such, the reporting unit as a whole supports the recovery of its goodwill. For the following acquisitions, the reporting units to which goodwill has been assigned and the associated reportable segments are as follows:
Acquisition |  | Reporting Unit |  | Reportable Segment
Auto & Home-controlling interest |  | Auto & Home |  | Auto & Home
InsideResponse |  | Senior |  | Senior
Lead distribution company |  | Senior |  | Senior
Express Med Pharmaceuticals |  | Senior |  | Senior
The carrying amounts, accumulated amortization, net carrying value, and weighted average remaining life of our definite-lived amortizable intangible assets as well as our goodwill are presented in the tables below as of June 30 (dollars in thousands, useful life in years):
| 2021 |  | 2020
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Useful Life |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount |  | Weighted-Average Remaining Useful Life
Total intangible assets subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 17,122 |  |  | $ | (3,448) |  |  | $ | 13,674 |  |  |  |  | $ | 16,922 |  |  | $ | (1,011) |  |  | $ | 15,911 |  |  |
Trade name | 2,680 |  |  | (625) |  |  | 2,055 |  |  |  |  | 2,680 |  |  | (88) |  |  | 2,592 |  |  |
Proprietary software | 1,592 |  |  | (382) |  |  | 1,210 |  |  |  |  | 1,042 |  |  | (48) |  |  | 994 |  |  |
Non-compete agreements | 1,292 |  |  | (163) |  |  | 1,129 |  |  |  |  | 192 |  |  | (16) |  |  | 176 |  |  |
Vendor relationships | 23,700 |  |  | (1,098) |  |  | 22,602 |  |  |  |  | — |  |  | — |  |  | — |  |  |
Total intangible assets | $ | 46,386 |  |  | $ | (5,716) |  |  | $ | 40,670 |  |  | 7.1 |  | $ | 20,836 |  |  | $ | (1,163) |  |  | $ | 19,673 |  |  | 6.4
Total indefinite-lived assets |  |  |  |  |  |  |  |  |  |  |  |
Goodwill-Auto & Home |  |  |  |  | $ | 5,364 |  |  |  |  |  |  |  |  | $ | 5,364 |  |  |
Goodwill-Senior |  |  |  |  | 62,655 |  |  |  |  |  |  |  |  | 41,213 |  |  |
Total goodwill |  |  |  |  | $ | 68,019 |  |  |  |  |  |  |  |  | $ | 46,577 |  |  |
For the years ended June 30, 2021, 2020, and 2019, amortization expense related to intangible assets totaled $4.6 million, $0.5 million, and $0.1 million, respectively. Changes in the balance of goodwill for the year ended June 30, 2021, are as follows (in thousands):
Balance, June 30, 2020 |  | $ | 46,577 |
Measurement period adjustments(1) |  | (122) |
Goodwill from the acquisition of a lead distribution company |  | 3,500 |
Goodwill from the acquisition of Express Med Pharmaceuticals |  | 18,064 |
Balance, June 30, 2021 |  | $ | 68,019 |
(1) Represents measurement period adjustments related to the InsideResponse acquisition (refer to Note 2 to the consolidated financial statements for further details). As of June 30, 2021, expected amortization expense in future fiscal periods were as follows (in thousands):
| Trade Name |  | Proprietary Software |  | Non-compete agreements |  | Vendor Relationships |  | Customer relationships |  | Total
2022 | $ | 536 |  |  | $ | 432 |  |  | $ | 282 |  |  | $ | 2,633 |  |  | $ | 2,476 |  |  | $ | 6,359 |
2023 | 536 |  |  | 339 |  |  | 273 |  |  | 2,633 |  |  | 2,324 |  |  | 6,105 |
2024 | 536 |  |  | 308 |  |  | 220 |  |  | 2,633 |  |  | 2,319 |  |  | 6,016 |
2025 | 447 |  |  | 131 |  |  | 220 |  |  | 2,633 |  |  | 2,316 |  |  | 5,747 |
2026 | — |  |  | — |  |  | 134 |  |  | 2,633 |  |  | 2,313 |  |  | 5,080 |
Thereafter | — |  |  | — |  |  | — |  |  | 9,437 |  |  | 1,926 |  |  | 11,363 |
Total | $ | 2,055 |  |  | $ | 1,210 |  |  | $ | 1,129 |  |  | $ | 22,602 |  |  | $ | 13,674 |  |  | $ | 40,670 |

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