| Summary of Goodwill |
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 |
|
|
| Components of Gross and Net Intangible Asset Balances |
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 |
|
|
|
|
|
| Summary of Amortization Expense of Intangible Assets |
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 |
|
|
| Schedule of Expected Amortization Expenses |
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 |
|
|