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Goodwill and Intangible Assets (Tables)
 3 Months Ended
Sep. 30, 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 three months ended September 30, 2022:

 

(In thousands)

Total

 

Balance as of June 30, 2022

$

88,199

 

Foreign currency translation loss

 

(1,448

)

 

 

 

Balance as of September 30, 2022

$

86,751

 
Schedule of Intangible Assets

Intangible assets consisted of the following as of September 30, 2022 and June 30, 2022, respectively:

 

September 30, 2022

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

7.2 years

 

$

113,104

 

 

$

(79,591

)

 

$

33,513

 

Trade names and trademarks

4.9 years

 

 

15,327

 

 

 

(9,838

)

 

 

5,489

 

Licenses

4.5 years

 

 

752

 

 

 

(414

)

 

 

338

 

Developed technology (1)

4.2 years

 

 

4,091

 

 

 

(682

)

 

 

3,409

 

Covenants not to compete

2.3 years

 

 

1,433

 

 

 

(1,182

)

 

 

251

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

134,707

 

 

$

(91,707

)

 

$

43,000

 

 

 

June 30, 2022

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

7.2 years

 

$

114,974

 

 

$

(78,736

)

 

$

36,238

 

Trade names and trademarks

3.8 years

 

 

15,700

 

 

 

(7,670

)

 

 

8,030

 

Licenses

4.8 years

 

 

808

 

 

 

(424

)

 

 

384

 

Developed technology (1)

4.4 years

 

 

4,091

 

 

 

(477

)

 

 

3,614

 

Covenants not to compete

2.6 years

 

 

1,433

 

 

 

(1,154

)

 

 

279

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

137,006

 

 

$

(88,461

)

 

$

48,545

 

 

(1) Developed technology was acquired as one of the assets obtained in the acquisition of Navegate, Inc., which is described in Note 17.

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

 

(In thousands)

 

 

 

 

2023 (remaining)

 

 

$

10,069

 

2024

 

 

 

9,854

 

2025

 

 

 

7,863

 

2026

 

 

 

3,078

 

2027

 

 

 

2,506