The following table reflects the changes in the carrying amount of goodwill (in thousands):


	June 30, 2025		June 30, 2024
Balance at beginning of period	$	393,709	$	394,755
Foreign currency translation		5,865		(1,046	)
Balance at end of period	$	399,574	$	393,709

The following tables summarize the components of gross and net intangible asset balances (in thousands, except years):


	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2025
Developed technology	3.0 years	$	170,480	$	165,908	$	4,572
Customer relationships	1.0 years		64,824		62,961		1,863
Trade names	0.0 years		10,700		10,700		—
License agreements	1.4 years		1,282		1,176		106
Total intangible assets, net*		$	247,286	$	240,745	$	6,541
* The carrying amount of foreign intangible assets are affected by foreign currency translation


	Weighted Average
	Remaining Amortization	Gross Carrying		Accumulated		Net Carrying
	Period	Amount		Amortization		Amount
June 30, 2024
Developed technology	3.0 years	$	169,247	$	162,708	$	6,539
Customer relationships	2.0 years		64,671		60,776		3,896
Trade names	0.0 years		10,700		10,700		—
License agreements	2.4 years		1,282		1,104		178
Total intangible assets, net*		$	245,901	$	235,288	$	10,613
* The carrying amount of foreign intangible assets are affected by foreign currency translation

The following table summarizes the amortization expense of intangible assets for the periods presented (in thousands):


	Year Ended
	June 30, 2025		June 30, 2024		June 30, 2023
Amortization of intangible assets in “Total cost of revenues”	$	2,471	$	3,272	$	12,941
Amortization of intangible assets in “Total operating expenses”		2,043		2,041		2,047
Total amortization expense	$	4,514	$	5,313	$	14,988

The amortization expense that is recognized in “Total cost of revenues” primarily consists of amortization related to developed technology, license agreements and other intangibles.

The estimated future amortization expense to be recorded for each of the respective future fiscal years is as follows (in thousands):


	Amount
For the fiscal year ending June 30:
2026	$	3,391
2027		1,520
2028		1,349
2029		281
Total	$	6,541