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Intangible Assets and Goodwill | 9 Months Ended
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Mar. 31, 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 acquisition of the controlling interest in Auto & Home in August 2012, the May 2020 acquisition of InsideResponse, and the February 2021 acquisition of a lead distribution company. 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 three and nine months ended March 31, 2021 and 2020, there were no such indicators. Goodwill—In August 2012, the Company acquired the remaining interest in Auto & Home and recorded goodwill as the excess of the total consideration transferred plus the acquisition-date fair value of the previously held equity interest over the fair values of the identifiable net assets acquired. Further, in May 2020 and February 2021, the Company recorded as goodwill the excess of the purchase price over the estimated fair values of identifiable assets and liabilities acquired from InsideResponse and the lead distribution company, respectively. There were no goodwill impairment charges recorded during the three and nine months ended March 31, 2021 and 2020. 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 aforementioned acquisitions, the reporting units are Auto & Home and Senior, respectively. 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 (dollars in thousands, useful life in years):
| March 31, 2021 |  | June 30, 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 | $ | 16,922 |  |  | $ | (2,812) |  |  | $ | 14,110 |  |  |  |  | $ | 16,922 |  |  | $ | (1,011) |  |  | $ | 15,911 |  |  |
Trade Name | 2,680 |  |  | (491) |  |  | 2,189 |  |  |  |  | 2,680 |  |  | (88) |  |  | 2,592 |  |  |
Proprietary Software-5 year | 780 |  |  | (143) |  |  | 637 |  |  |  |  | 780 |  |  | (26) |  |  | 754 |  |  |
Proprietary Software-2 year | 262 |  |  | (120) |  |  | 142 |  |  |  |  | 262 |  |  | (22) |  |  | 240 |  |  |
Non-compete agreements | 1,192 |  |  | (92) |  |  | 1,100 |  |  |  |  | 192 |  |  | (16) |  |  | 176 |  |  |
Vendor Relationships | 23,700 |  |  | (440) |  |  | 23,260 |  |  |  |  | — |  |  | — |  |  | — |  |  |
Total intangible assets | $ | 45,536 |  |  | $ | (4,098) |  |  | $ | 41,438 |  |  | 7.4 |  | $ | 20,836 |  |  | $ | (1,163) |  |  | $ | 19,673 |  |  | 6.4
Total indefinite-lived assets |  |  |  |  |  |  |  |  |  |  |  |
Goodwill-Auto & Home | $ | 5,364 |  |  |  |  | $ | 5,364 |  |  |  |  | $ | 5,364 |  |  |  |  | $ | 5,364 |  |  |
Goodwill-Senior | 44,591 |  |  |  |  | 44,591 |  |  |  |  | 41,213 |  |  |  |  | 41,213 |  |  |
Total goodwill | $ | 49,955 |  |  |  |  | $ | 49,955 |  |  |  |  | $ | 46,577 |  |  |  |  | $ | 46,577 |  |  |
For the three months ended March 31, 2021 and 2020, amortization expense related to intangible assets totaled $1.3 million and less than $0.1 million, respectively, and $2.9 million and less than $0.1 million for the nine months ended March 31, 2021 and 2020, respectively. Changes in the balance of goodwill for the nine months ended March 31, 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 |
Balance, March 31, 2021 |  | $ | 49,955 |
(1) Represents measurement period adjustments related to the InsideResponse acquisition (refer to Note 2 to the condensed consolidated financial statements for further details). As of March 31, 2021, expected amortization expense in future periods were as follows (in thousands):
| Trade Name |  | Proprietary Software |  | Non-compete agreements |  | Vendor Relationships |  | Customer relationships |  | Total
Remainder fiscal 2021 | $ | 134 |  |  | $ | 72 |  |  | $ | 66 |  |  | $ | 658 |  |  | $ | 584 |  |  | $ | 1,514 |
2022 | 536 |  |  | 265 |  |  | 264 |  |  | 2,633 |  |  | 2,328 |  |  | 6,026 |
2023 | 536 |  |  | 156 |  |  | 253 |  |  | 2,633 |  |  | 2,324 |  |  | 5,902 |
2024 | 536 |  |  | 156 |  |  | 200 |  |  | 2,633 |  |  | 2,319 |  |  | 5,844 |
2025 | 447 |  |  | 130 |  |  | 200 |  |  | 2,633 |  |  | 2,316 |  |  | 5,726 |
Thereafter | — |  |  | — |  |  | 117 |  |  | 12,070 |  |  | 4,239 |  |  | 16,426 |
Total | $ | 2,189 |  |  | $ | 779 |  |  | $ | 1,100 |  |  | $ | 23,260 |  |  | $ | 14,110 |  |  | $ | 41,438 |

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- 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 http://asc.fasb.org/topic&trid=2144416 + Details
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