Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.23.2
Goodwill and Intangible Assets (Tables)
12 Months Ended
Jun. 30, 2023
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 are described below (dollar amounts in thousands):

 

 

 

 

 

 

June 30, 2023

 

 

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

 

2.0

 

$

55,768

 

 

$

(46,465

)

 

$

 

 

$

9,303

 

 

$

53,498

 

 

$

(38,831

)

 

$

 

 

$

14,667

 

Developed technology

 

4

 

1.9

 

 

11,036

 

 

 

(6,077

)

 

 

 

 

 

4,959

 

 

 

10,500

 

 

 

(3,366

)

 

 

 

 

 

7,134

 

Non-compete and other

 

3 - 5

 

4.3

 

 

2,310

 

 

 

(2,300

)

 

 

 

 

 

10

 

 

 

2,300

 

 

 

(2,300

)

 

 

 

 

 

 

Employment agreement

 

1 - 3

 

0.0

 

 

295

 

 

 

(295

)

 

 

 

 

 

 

 

 

295

 

 

 

(295

)

 

 

 

 

 

 

Intangibles subject to amortization

 

 

69,409

 

 

 

(55,137

)

 

 

 

 

 

14,272

 

 

 

66,593

 

 

 

(44,792

)

 

 

 

 

 

21,801

 

Trade names and trademarks

 

Indefinite

 

Indefinite

 

 

49,648

 

 

 

 

 

 

(1,290

)

 

 

48,358

 

 

 

47,454

 

 

 

 

 

 

(1,290

)

 

 

46,164

 

Identifiable intangible assets

 

$

119,057

 

 

$

(55,137

)

 

$

(1,290

)

 

$

62,630

 

 

$

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

 

2024

 

$

8,086

 

2025

 

 

4,945

 

2026

 

 

752

 

2027

 

 

304

 

2028

 

 

47

 

Thereafter

 

 

138

 

 

$

14,272