| Schedule of Carrying Value of Goodwill and Other Purchased Intangibles |
The carrying value of goodwill and other purchased intangibles as of December 31, 2021 and June 30, 2021 is as described below:
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dollar amounts in thousands |
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December 31, 2021 |
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June 30, 2021 |
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Estimated
Useful
Lives
(Years) |
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Remaining
Weighted
Average
Amortization
Period
(Years) |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Accumulated
Impairment |
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Net
Book
Value |
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Gross
Carrying
Amount |
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Accumulated
Amortization |
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Accumulated
Impairment |
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Net
Book
Value |
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Identifiable intangible assets: |
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Existing customer
relationships |
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5 - 15 |
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3.5 |
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$ |
53,498 |
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$ |
(30,231 |
) |
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$ |
— |
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$ |
23,267 |
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$ |
53,498 |
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$ |
(15,832 |
) |
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$ |
— |
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$ |
37,666 |
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Developed technology |
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4 |
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3.3 |
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10,500 |
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(2,053 |
) |
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— |
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8,447 |
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10,500 |
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(741 |
) |
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— |
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9,759 |
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Non-compete and other |
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3 - 5 |
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0.2 |
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2,300 |
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(2,289 |
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— |
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11 |
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2,300 |
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(2,256 |
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— |
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44 |
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Employment agreement |
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1 - 3 |
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0.0 |
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295 |
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(295 |
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— |
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— |
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295 |
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(295 |
) |
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— |
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— |
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Intangibles subject to amortization |
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66,593 |
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(34,868 |
) |
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— |
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31,725 |
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66,593 |
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(19,124 |
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— |
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47,469 |
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Trade names and trademarks |
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Indefinite |
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Indefinite |
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47,454 |
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— |
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(1,290 |
) |
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46,164 |
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47,454 |
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— |
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(1,290 |
) |
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46,164 |
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Identifiable intangible assets |
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$ |
114,047 |
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$ |
(34,868 |
) |
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$ |
(1,290 |
) |
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77,889 |
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$ |
114,047 |
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$ |
(19,124 |
) |
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$ |
(1,290 |
) |
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$ |
93,633 |
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Goodwill |
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Indefinite |
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Indefinite |
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$ |
102,307 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
100,943 |
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$ |
102,307 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
100,943 |
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| Schedule of Estimated Annual Amortization Expense Related to Definite-Lived Intangible Assets |
Estimated annual amortization expense related to definite-lived intangible assets for the succeeding five years is as follows (in thousands):
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Fiscal Year Ending June 30, |
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Amount |
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2022 (6 months remaining) |
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9,925 |
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2023 |
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9,893 |
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2024 |
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7,382 |
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2025 |
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4,240 |
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2026 |
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47 |
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Thereafter |
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238 |
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$ |
31,725 |
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