| Schedule of Carrying Value of Goodwill and Other Purchased Intangibles |
The carrying value of goodwill and other purchased intangibles as of March 31, 2021 and June 30, 2020 is as described below:
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dollar amounts in thousands
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March 31, 2021
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June 30, 2020
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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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4.0
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$
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53,498
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$
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(8,622
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)
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$
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—
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$
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44,876
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$
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8,998
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$
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(7,307
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)
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$
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—
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$
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1,691
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Developed technology
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4
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4.0
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10,500
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(85
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)
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—
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10,415
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—
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—
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—
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—
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Non-compete and other
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3 - 5
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0.9
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2,300
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(2,239
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)
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—
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61
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2,300
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(2,187
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)
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—
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113
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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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—
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295
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(288
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)
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—
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7
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Intangibles subject to amortization
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66,593
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(11,241
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)
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—
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55,352
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11,593
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(9,782
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)
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—
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1,811
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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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)
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46,164
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4,454
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—
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(1,291
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)
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3,163
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Identifiable intangible assets
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$
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114,047
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$
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(11,241
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)
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$
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(1,290
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)
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101,516
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$
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16,047
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$
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(9,782
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)
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$
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(1,291
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)
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$
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4,974
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Goodwill
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Indefinite
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Indefinite
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$
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103,037
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$
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—
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$
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(1,364
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)
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$
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101,673
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$
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10,245
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$
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—
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$
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(1,364
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)
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$
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8,881
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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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2021 (3 months remaining)
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7,881
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2022
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25,669
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2023
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9,894
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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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Thereafter
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286
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Total
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$
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55,352
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