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Goodwill and Intangible Assets (Tables)
 6 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill are as follows:

(In thousands)

 

 

 

 

Balance as of June 30, 2024

 

 

$

93,043

 

Acquisitions

 

 

 

12,192

 

Foreign currency translation loss

 

 

 

(966

)

 

 

 

 

 

Balance as of December 31, 2024

 

 

$

104,269

 

 
Schedule of Intangible Assets

Intangible assets consist of the following:

 

December 31, 2024

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

9.2 years

 

$

139,591

 

 

$

(99,212

)

 

$

40,379

 

Trade names and trademarks

6.1 years

 

 

15,132

 

 

 

(12,800

)

 

 

2,332

 

Developed technology

1.9 years

 

 

4,091

 

 

 

(2,523

)

 

 

1,568

 

Licenses

2.2 years

 

 

723

 

 

 

(560

)

 

 

163

 

Covenants not to compete

0.1 years

 

 

889

 

 

 

(880

)

 

 

9

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

160,426

 

 

$

(115,975

)

 

$

44,451

 

 

 

June 30, 2024

 

(In thousands)

Weighted
Average
Amortization
Period

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net
Carrying
Amount

 

Customer related

8.5 years

 

$

125,552

 

 

$

(95,383

)

 

$

30,169

 

Trade names and trademarks

6.6 years

 

 

15,382

 

 

 

(12,857

)

 

 

2,525

 

Developed technology

2.4 years

 

 

4,091

 

 

 

(2,114

)

 

 

1,977

 

Licenses

2.7 years

 

 

760

 

 

 

(551

)

 

 

209

 

Covenants not to compete

0.6 years

 

 

1,433

 

 

 

(1,370

)

 

 

63

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$

147,218

 

 

$

(112,275

)

 

$

34,943

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

(In thousands)

 

 

 

 

2025 (remaining)

 

 

$

4,423

 

2026

 

 

 

5,876

 

2027

 

 

 

5,306

 

2028

 

 

 

4,700

 

2029

 

 

 

4,117