| 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, 2024 |
|
|
June 30, 2023 |
|
|
|
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 |
|
4 - 15 |
|
4.4 |
|
$ |
75,568 |
|
|
$ |
(52,203 |
) |
|
$ |
— |
|
|
$ |
23,365 |
|
|
$ |
55,768 |
|
|
$ |
(46,465 |
) |
|
$ |
— |
|
|
$ |
9,303 |
|
Developed technology |
|
4 |
|
3.4 |
|
|
20,336 |
|
|
|
(8,933 |
) |
|
|
— |
|
|
|
11,403 |
|
|
|
11,036 |
|
|
|
(6,077 |
) |
|
|
— |
|
|
|
4,959 |
|
Non-compete and other |
|
3 - 5 |
|
3.3 |
|
|
2,310 |
|
|
|
(2,300 |
) |
|
|
— |
|
|
|
10 |
|
|
|
2,310 |
|
|
|
(2,300 |
) |
|
|
— |
|
|
|
10 |
|
Employment agreement |
|
1 - 3 |
|
0.0 |
|
|
295 |
|
|
|
(295 |
) |
|
|
— |
|
|
|
— |
|
|
|
295 |
|
|
|
(295 |
) |
|
|
— |
|
|
|
— |
|
Intangibles subject to amortization |
|
|
98,509 |
|
|
|
(63,731 |
) |
|
|
— |
|
|
|
34,778 |
|
|
|
69,409 |
|
|
|
(55,137 |
) |
|
|
— |
|
|
|
14,272 |
|
Trade names and trademarks |
|
Indefinite |
|
Indefinite |
|
|
59,660 |
|
|
|
— |
|
|
|
(1,290 |
) |
|
|
58,370 |
|
|
|
49,648 |
|
|
|
— |
|
|
|
(1,290 |
) |
|
|
48,358 |
|
Domain name |
|
Indefinite |
|
Indefinite |
|
|
8,515 |
|
|
|
— |
|
|
|
— |
|
|
|
8,515 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Identifiable intangible assets |
|
$ |
166,684 |
|
|
$ |
(63,731 |
) |
|
$ |
(1,290 |
) |
|
$ |
101,663 |
|
|
$ |
119,057 |
|
|
$ |
(55,137 |
) |
|
$ |
(1,290 |
) |
|
$ |
62,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
Indefinite |
|
Indefinite |
|
$ |
201,301 |
|
|
$ |
— |
|
|
$ |
(1,364 |
) |
|
$ |
199,937 |
|
|
$ |
102,307 |
|
|
$ |
— |
|
|
$ |
(1,364 |
) |
|
$ |
100,943 |
|
|
| Schedule of Carrying Amounts of Goodwill |
The changes in the carrying amounts of goodwill were as follows (in thousands):
|
|
|
|
|
Balance as of June 30, 2023 |
|
$ |
100,943 |
|
Goodwill acquired - LPM |
|
|
21,034 |
|
Goodwill acquired - SGB |
|
|
77,960 |
|
Balance as of June 30, 2024 |
|
$ |
199,937 |
|
|
| 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 |
|
2025 |
|
|
13,458 |
|
2026 |
|
|
7,798 |
|
2027 |
|
|
6,059 |
|
2028 |
|
|
4,866 |
|
2029 |
|
|
734 |
|
Thereafter |
|
|
1,863 |
|
|
|
$ |
34,778 |
|
|