Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets Subject to Amortization and for Intangible Assets Not Subject to Amortization

The following tables set forth the information for intangible assets subject to amortization and for intangible assets not subject to amortization.



	As of September 30, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted Average Remaining Life
	(in thousands)							(in years)
Amortized intangible assets:
Customer related	$	216,921	$	(146,367	)	$	70,554	8.1
Core technology	130,977		(91,160		)	39,817		7.3
Other intangible assets	21,827		(19,084		)	2,743		4.9
Capitalized software development costs	24,065		(10,971		)	13,094		2.8
Software ⁽¹⁾	71,954		(37,413		)	34,541		4.0
Total	$	465,744	$	(304,995	)	$	160,749
Unamortized intangible assets:
Goodwill						204,396
Total intangible assets						$	365,145



	As of June 30, 2019
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted Average Remaining Life
	(in thousands)							(in years)
Amortized intangible assets:
Customer related	$	219,893	$	(145,144	)	$	74,749	8.5
Core technology	130,226		(90,017		)	40,209		7.4
Other intangible assets	25,712		(19,030		)	6,682		5.0
Capitalized software development costs	23,213		(10,006		)	13,207		3.0
Software ⁽¹⁾	72,018		(38,516		)	33,502		4.2
Total	$	471,062	$	(302,713	)	$	168,349
Unamortized intangible assets:
Goodwill						206,101
Total intangible assets						$	374,450

——————

⁽¹⁾

Software includes purchased software and software developed for internal use.

Schedule of Estimated Amortization Expense

Estimated amortization expense for the remainder of fiscal year 2020 and subsequent fiscal years for acquired intangible assets, capitalized software development costs and software, in each case that have been placed in service as of September 30, 2019, is as follows:



	Acquired Intangible Assets		Capitalized Software Development Costs		Software
	(in thousands)
Remaining 2020	$	14,862	$	2,915	$	8,111
2021	18,493		3,887		7,568
2022	16,588		3,887		5,755
2023	15,179		1,033		3,875
2024	13,521		376		2,413
2025 and thereafter	34,471		—		1,548

Schedule of Rollforward of Goodwill Balances, by Reportable Segment

The following table represents a rollforward of our goodwill balances, by reportable segment:



	Cloud Solutions			Banking Solutions		Payments and Transactional Documents			Other		Total
	(in thousands)
Balance at June 30, 2019 ⁽¹⁾	$	90,307		$	39,451	$	68,149		$	8,194	$	206,101
Measurement period adjustment ⁽²⁾	—			1,136		—			—		1,136
Impact of foreign currency translation	(1,296		)	—		(1,545		)	—		(2,841		)
Balance at September 30, 2019 ⁽¹⁾	$	89,011		$	40,587	$	66,604		$	8,194	$	204,396

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⁽¹⁾	Other goodwill balance is net of $7.5 million accumulated impairment losses, recorded previously.

⁽²⁾

The measurement period adjustment during the three months ended September 30, 2019 relates to our BankSight acquisition. See Note 5 Business and Asset Acquisitions.