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Goodwill and Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in the Carrying Amount of Goodwill

The table below reflects the changes in the carrying amount of goodwill for the nine months ended March 31, 2022:

(In thousands)	Total
Balance as of June 30, 2021	$	72,582
Acquisition		13,760
Adjustments		2,664
Foreign currency translation loss		(193	)
Balance as of March 31, 2022	$	88,813

Schedule of Intangible Assets

Intangible assets consisted of the following as of March 31, 2022 and June 30, 2021, respectively:

	March 31, 2022
(In thousands)	Weighted Average Amortization Period		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer related	7.3 years		$	115,766			$	(77,073	)		$	38,693
Trade names and trademarks	8.2 years			16,690				(7,146	)			9,544
Developed technology	4.7 years			4,091				(273	)			3,818
Covenants not to compete	2.8 years			1,433				(1,122	)			311
			$	137,980			$	(85,614	)		$	52,366

	June 30, 2021
(In thousands)	Weighted Average Amortization Period		Gross Carrying Amount				Accumulated Amortization				Net Carrying Amount
Customer related	4.2 years		$	102,713			$	(70,490	)		$	32,223
Trade names and trademarks	8.6 years			15,119				(6,349	)			8,770
Covenants not to compete	3.4 years			1,433				(1,022	)			411
			$	119,265			$	(77,861	)		$	41,404

Schedule of Future Amortization Expense

Future amortization expense for each of the next five fiscal years ending June 30 are as follows:

(In thousands)
2022 (remaining)			$	2,745
2023				10,945
2024				10,569
2025				8,578
2026				3,794
Thereafter				15,735
Total			$	52,366

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- References

No definition available.

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- Definition

Tabular disclosure of the characteristics, including initial carrying value, residual amount, weighted average useful life, of finite-lived intangible assets acquired during the period by major class. A major class is composed of intangible assets that can be grouped together because they are similar, either by nature or by their use in the operations of the company.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16265-109275

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- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267

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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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