Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Jun. 30, 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 June 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Life
	(in thousands)							(in years)
Amortized intangible assets:
Customer related	$	219,305	$	(157,008)	$	62,297	7.5
Core technology	135,720		(97,431)		38,289		7.2
Other intangible assets	22,099		(19,927)		2,172		4.8
Capitalized software development costs	26,222		(14,047)		12,175		2.9
Software ⁽¹⁾	84,493		(45,315)		39,178		3.8
Total	$	487,839	$	(333,728)	$	154,111
Unamortized intangible assets:
Goodwill					205,713
Total intangible assets					$	359,824


	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 fiscal year 2021 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 June 30, 2020, is as follows:


	Acquired Intangible Assets		Capitalized Software Development Costs		Software
	(in thousands)
2021	$	19,492	$	4,415	$	10,587
2022	17,389		4,415		8,525
2023	16,012		1,571		6,597
2024	14,241		858		4,985
2025	11,843		294		2,229
2026 and thereafter	23,781		—		1,011

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, 2018 ⁽¹⁾	$	90,270	$	35,880	$	65,680	$	8,194	$	200,024
Goodwill acquired during the period	—		3,571		4,391		—		7,962
Impact of foreign currency translation	37		—		(1,922)		—		(1,885)
Balance at June 30, 2019 ⁽¹⁾	$	90,307	$	39,451	$	68,149	$	8,194	$	206,101
Goodwill acquired during the period ⁽²⁾	—		65		—		—		65
Goodwill reclassified as a result of segment reorganization	26,261		—		(26,261)		—		—
Impact of foreign currency translation	925		—		(1,378)		—		(453)
Balance at June 30, 2020 ⁽¹⁾	$	117,493	$	39,516	$	40,510	$	8,194	$	205,713

——————

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

(2) Reflects the reallocation of amounts to Goodwill in the final purchase price allocation of BankSight.