Intangible Assets, Net and Goodwill

12 Months Ended

Jun. 30, 2020

Goodwill And Intangible Assets Disclosure [Abstract]

9. Intangible Assets, Net and Goodwill

Intangible Assets, Net

Intangible assets, net consisted of the following (in thousands):

	June 30, 2020							June 30, 2019
	Gross					Net		Gross					Net
	Carrying		Accumulated			Carrying		Carrying		Accumulated			Carrying
	Amount		Amortization			Amount		Amount		Amortization			Amount
Customer/publisher/advertiser relationships	$	61,324	$	(36,213	)	$	25,111	$	70,300	$	(40,663	)	$	29,637
Content		55,430		(55,430	)		—		60,964		(60,940	)		24
Website/trade/domain names		23,059		(20,717	)		2,342		33,546		(30,218	)		3,328
Acquired technology and others		27,941		(27,220	)		721		39,400		(37,271	)		2,129
Total	$	167,754	$	(139,580	)	$	28,174	$	204,210	$	(169,092	)	$	35,118

Amortization of intangible assets was $7.8 million, $5.6 million and $3.5 million for fiscal years 2020, 2019 and 2018.

Future amortization expense for the Company’s intangible assets as of June 30, 2020 was as follows (in thousands):

Fiscal Year Ending June 30,	Amortization
2021	$	6,610
2022		5,509
2023		4,913
2024		4,016
2025		3,605
Thereafter		3,521
Total	$	28,174

Goodwill

The changes in the carrying amount of goodwill for fiscal years 2020 and 2019 were as follows (in thousands):

	Goodwill
Balance at June 30, 2018	$	62,283
Additions⁽¹⁾		20,261
Balance at June 30, 2019		82,544
Additions⁽²⁾		1,100
Disposals⁽³⁾		(2,967	)
Balance at June 30, 2020	$	80,677

⁽¹⁾ Represents goodwill acquired associated with the business acquisitions completed in fiscal year 2019. See Note 6, Acquisitions, for more information.

⁽²⁾ Represents goodwill acquired associated with an insignificant business acquisition completed in the third quarter of fiscal year 2020.

⁽³⁾ Represents goodwill disposed associated with the business divestitures completed in fiscal year 2020. See Note 7, Divestitures, for more information.