| 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):
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March 31, 2024 |
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June 30, 2023 |
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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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4.9 |
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$ |
62,568 |
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$ |
(50,924 |
) |
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$ |
— |
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$ |
11,644 |
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$ |
55,768 |
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$ |
(46,465 |
) |
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$ |
— |
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$ |
9,303 |
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Developed technology |
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4 |
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1.2 |
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11,036 |
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(8,146 |
) |
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— |
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2,890 |
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11,036 |
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(6,077 |
) |
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— |
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4,959 |
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Non-compete and other |
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3 - 5 |
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3.5 |
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2,310 |
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(2,300 |
) |
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— |
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10 |
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2,310 |
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(2,300 |
) |
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— |
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10 |
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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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76,209 |
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(61,665 |
) |
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— |
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14,544 |
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69,409 |
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(55,137 |
) |
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— |
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14,272 |
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Trade names and trademarks |
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Indefinite |
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Indefinite |
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53,148 |
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— |
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(1,290 |
) |
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51,858 |
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49,648 |
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— |
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(1,290 |
) |
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48,358 |
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Domain name |
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Indefinite |
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Indefinite |
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8,515 |
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— |
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— |
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8,515 |
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— |
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— |
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— |
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— |
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Identifiable intangible assets |
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$ |
137,872 |
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$ |
(61,665 |
) |
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$ |
(1,290 |
) |
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$ |
74,917 |
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$ |
119,057 |
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$ |
(55,137 |
) |
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$ |
(1,290 |
) |
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$ |
62,630 |
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Goodwill |
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Indefinite |
|
Indefinite |
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$ |
122,320 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
120,956 |
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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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2024 (remainder of year) |
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$ |
1,899 |
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2025 |
|
|
5,962 |
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2026 |
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|
1,763 |
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2027 |
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|
1,339 |
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2028 |
|
|
951 |
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Thereafter |
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2,630 |
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$ |
14,544 |
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