| 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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December 31, 2024 |
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June 30, 2024 |
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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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4 - 15 |
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4.1 |
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$ |
75,568 |
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$ |
(57,387 |
) |
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$ |
— |
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$ |
18,181 |
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$ |
75,568 |
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$ |
(52,203 |
) |
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$ |
— |
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$ |
23,365 |
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Developed technology |
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4 |
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3.0 |
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20,336 |
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(11,436 |
) |
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— |
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8,900 |
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20,336 |
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(8,933 |
) |
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— |
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11,403 |
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Non-compete and other |
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3 - 5 |
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2.7 |
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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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98,509 |
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(71,418 |
) |
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— |
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27,091 |
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98,509 |
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(63,731 |
) |
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— |
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34,778 |
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Trade names and trademarks |
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Indefinite |
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Indefinite |
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59,660 |
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— |
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(1,290 |
) |
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58,370 |
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59,660 |
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— |
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(1,290 |
) |
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58,370 |
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Domain name |
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Indefinite |
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Indefinite |
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8,615 |
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— |
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— |
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8,615 |
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8,515 |
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— |
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— |
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8,515 |
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Identifiable intangible assets |
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$ |
166,784 |
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$ |
(71,418 |
) |
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$ |
(1,290 |
) |
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$ |
94,076 |
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$ |
166,684 |
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$ |
(63,731 |
) |
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$ |
(1,290 |
) |
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$ |
101,663 |
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Goodwill |
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Indefinite |
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Indefinite |
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$ |
201,301 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
199,937 |
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$ |
201,301 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
199,937 |
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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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2025 (remainder) |
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5,790 |
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2026 |
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7,798 |
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2027 |
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6,059 |
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2028 |
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4,866 |
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2029 |
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|
734 |
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Thereafter |
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1,844 |
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$ |
27,091 |
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