Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Intangible Assets (Tables)

v3.22.4
Goodwill and Intangible Assets (Tables)
6 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Carrying Value of Goodwill and Other Purchased Intangibles

The carrying value of goodwill and other purchased intangibles as of December 31, 2022 and June 30, 2022 is as described below:

dollar amounts in thousands

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2022

 

 

June 30, 2022

 

 

 

Estimated
Useful
Lives
(Years)

 

Remaining
Weighted
Average
Amortization
Period
(Years)

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net
Book
Value

 

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Accumulated
Impairment

 

 

Net
Book
Value

 

Identifiable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Existing customer
   relationships

 

5 - 15

 

 

2.7

 

 

$

55,541

 

 

$

(42,968

)

 

$

 

 

$

12,573

 

 

$

53,498

 

 

$

(38,831

)

 

$

 

 

$

14,667

 

Developed technology

 

4

 

 

2.4

 

 

 

10,982

 

 

 

(4,704

)

 

 

 

 

 

6,278

 

 

 

10,500

 

 

 

(3,366

)

 

 

 

 

 

7,134

 

Non-compete and other

 

3 - 5

 

 

4.8

 

 

 

2,310

 

 

 

(2,300

)

 

 

 

 

 

10

 

 

 

2,300

 

 

 

(2,300

)

 

 

 

 

 

 

Employment agreement

 

1 - 3

 

 

0.0

 

 

 

295

 

 

 

(295

)

 

 

 

 

 

 

 

 

295

 

 

 

(295

)

 

 

 

 

 

 

Intangibles subject to amortization

 

 

 

 

 

 

 

69,128

 

 

 

(50,267

)

 

 

 

 

 

18,861

 

 

 

66,593

 

 

 

(44,792

)

 

 

 

 

 

21,801

 

Trade names and trademarks

 

Indefinite

 

Indefinite

 

 

 

49,429

 

 

 

 

 

 

(1,290

)

 

 

48,139

 

 

 

47,454

 

 

 

 

 

 

(1,290

)

 

 

46,164

 

Identifiable intangible assets

 

 

 

 

 

 

$

118,557

 

 

$

(50,267

)

 

$

(1,290

)

 

$

67,000

 

 

$

114,047

 

 

$

(44,792

)

 

$

(1,290

)

 

$

67,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Goodwill

 

Indefinite

 

Indefinite

 

 

$

102,307

 

 

$

 

 

$

(1,364

)

 

$

100,943

 

 

$

102,307

 

 

$

 

 

$

(1,364

)

 

$

100,943

 

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):

 

Fiscal Year Ending June 30,

 

Amount

 

2023 (6 months remaining)

 

$

4,866

 

2024

 

 

8,015

 

2025

 

 

4,874

 

2026

 

 

681

 

2027

 

 

233

 

Thereafter

 

 

192

 

 

 

$

18,861