Goodwill and Other Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2020

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 March 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Value		Weighted Average Remaining Life
	(in thousands)							(in years)
Amortized intangible assets:
Customer related	$	218,650	$	(153,476	)	$	65,174	7.7
Core technology	133,038		(95,444		)	37,594		7.0
Other intangible assets	22,025		(19,656		)	2,369		4.6
Capitalized software development costs	25,410		(12,960		)	12,450		2.3
Software ⁽¹⁾	80,609		(42,865		)	37,744		3.8
Total	$	479,732	$	(324,401	)	$	155,331
Unamortized intangible assets:
Goodwill						205,206
Total intangible assets						$	360,537



	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 March 31, 2020, is as follows:



	Acquired Intangible Assets		Capitalized Software Development Costs		Software
	(in thousands)
Remaining 2020	$	5,078	$	1,021	$	3,059
2021	18,937		4,083		9,312
2022	16,848		4,083		7,432
2023	15,473		1,239		5,533
2024	13,707		537		4,018
2025 and thereafter	35,094		50		2,291

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 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⁾	—		65		—			—		65
Impact of foreign currency translation	296		—		(1,256		)	—		(960		)
Balance at March 31, 2020 ⁽¹⁾	$	90,603	$	39,516	$	66,893		$	8,194	$	205,206

——————


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

⁽²⁾

The measurement period adjustment relates to our BankSight acquisition. See Note 5 Business and Asset Acquisitions.