v3.26.1
Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract]  
Goodwill and Intangible Assets
(10) Goodwill and Intangible Assets
The following table summarizes changes in goodwill during the years presented below:
Year Ended June 30,
20252026
Balance at beginning of year$108,937$343,100
Additions attributable to acquisitions234,23735,806
Measurement period adjustments (74)58 
Balance at end of year$343,100$378,964
Refer to Note 7 for further details on acquisition activity during the years ended June 30, 2025 and 2026.
The Company’s amortizable intangible assets and estimated useful lives were as follows:
June 30,Weighted
average
useful
life (years)
20252026
Proprietary technology$122,529 $134,129 6.4
Client relationships26,000 29,200 7.1
Non-solicitation agreements4,000 4,000 3.7
Trade names3,740 3,740 5.0
Total156,269 171,069 
Accumulated amortization(63,598)(84,929)
Intangible assets, net$92,671 $86,140 
Amortization expense for acquired intangible assets was $10,436, $19,120 and $21,331 for the years ended June 30, 2024, 2025 and 2026, respectively, and is included in Cost of revenues and General and administrative.
Future amortization expense for acquired intangible assets was as follows as of June 30, 2026:
Fiscal 2027$21,216 
Fiscal 202819,351 
Fiscal 202915,885 
Fiscal 203013,998 
Fiscal 203113,004 
Thereafter2,686 
Total$86,140