| Summary of Goodwill |
The following table reflects the changes in the carrying amount of goodwill (in thousands):
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
|
June 30, 2025 |
|
Balance at beginning of period |
|
$ |
399,574 |
|
|
$ |
393,709 |
|
Foreign currency translation |
|
|
(1,805 |
) |
|
|
5,865 |
|
Balance at end of period |
|
$ |
397,769 |
|
|
$ |
399,574 |
|
|
| 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, 2026 |
|
|
|
|
|
|
|
|
|
|
|
Developed technology |
|
2.2 years |
|
$ |
170,232 |
|
|
$ |
167,337 |
|
|
$ |
2,895 |
|
Customer relationships |
|
0.1 years |
|
|
64,793 |
|
|
|
64,658 |
|
|
|
135 |
|
Trade names |
|
0.0 years |
|
|
10,700 |
|
|
|
10,700 |
|
|
|
— |
|
License agreements |
|
0.5 years |
|
|
1,282 |
|
|
|
1,246 |
|
|
|
36 |
|
Total intangible assets, net* |
|
|
|
$ |
247,007 |
|
|
$ |
243,941 |
|
|
$ |
3,066 |
|
* The carrying amount of foreign intangible assets is affected by foreign currency translation. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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 is 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, 2026 |
|
|
June 30, 2025 |
|
|
June 30, 2024 |
|
Amortization of intangible assets in “Total cost of revenues” |
|
$ |
1,669 |
|
|
$ |
2,471 |
|
|
$ |
3,272 |
|
Amortization of intangible assets in “Total operating expenses” |
|
|
1,721 |
|
|
|
2,043 |
|
|
|
2,041 |
|
Total amortization expense |
|
$ |
3,390 |
|
|
$ |
4,514 |
|
|
$ |
5,313 |
|
|