Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2018

Goodwill And Intangible Assets Disclosure [Abstract]

Note 5. Goodwill and Intangible Assets

Goodwill

Activity related to goodwill consisted of the following (in thousands):

	December 31, 2018			June 30, 2018
Balance at the beginning of the period	$	57,855		$	57,812
Currency translation		(91	)		43
Balance at the end of the period	$	57,764		$	57,855

In the second quarter of fiscal 2019, the Company performed its annual goodwill impairment test. Based on this analysis, the Company determined that there was no impairment to goodwill. The Company will continue to monitor its recorded goodwill for indicators of impairment.

Intangible Assets

The Company’s carrying amount of acquired intangible assets, net, is as follows (in thousands):

			December 31, 2018							June 30, 2018
	Useful Lives		Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
	(in years)
Patent license		7	$	1,000	$	(250	)	$	750	$	1,000	$	(179	)	$	821

The Company did not identify any triggering events that would indicate potential impairment of its definite-lived intangible and long-lived assets as of December 31, 2018 and June 30, 2018.

Amortization expense related to intangible assets for the three and six months ended December 31, 2018 was $0.03 million and $0.07 million, respectively. Amortization expense related to intangible assets for the three and six months ended December 31, 2017 was $0.04 million and $0.07 million, respectively.

The estimated future amortization expense of acquired intangible assets as of December 31, 2018 is as follows (in thousands):

Year Ending June 30,	Amount
2019 (remaining 6 months)	$	72
2020		143
2021		143
2022		143
2023		143
Thereafter		106
	$	750