Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 6. Goodwill and Intangible Assets

Goodwill

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

	December 31, 2021		June 30, 2021
Balance at the beginning of the period	$	57,960	$	57,717
Currency translation		46		243
Balance at the end of the period	$	58,006	$	57,960

In the second quarter of fiscal 2022, the Company performed its annual goodwill impairment test and determined that there was no impairment to goodwill. 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, 2021.

Intangible Assets

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

		December 31, 2021							June 30, 2021
	Useful Lives	Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
	(in years)
Patent license	2 - 7	$	1,170	$	(848	)	$	322	$	1,170	$	(735	)	$	435

During fiscal 2017, the Company purchased a patent license with a useful life of seven years. During the quarter ending March 31, 2020, the Company purchased a patent license for $170 thousand with a useful life of two years. 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, 2021 and June 30, 2021.

Amortization expense related to intangible assets for the three and six months ended December 31, 2021, was $0.06 million and $0.11 million, respectively. Amortization expense related to intangible assets for the three and six months ended December 31, 2020 was $0.06 million and $0.11 million, respectively.

The estimated future amortization expense of acquired intangible assets as of December 31, 2021 is as follows (in thousands):

Year Ending June 30,	Amount
2022 (remaining 6 months)	$	72
2023		143
2024		107
2025		—
	$	322