Goodwill and Purchased Intangible Assets

12 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Purchased Intangible Assets

Note 6. Goodwill and Purchased Intangible Assets

Goodwill

Goodwill as of June 30, 2022 and 2021 and changes in the carrying amount of goodwill for the respective periods are as follows (in thousands):

	As of June 30,
	2022			2021
Balance at the beginning of the period	$	57,960		$	57,717
Currency translation adjustment		(120	)		243
Balance at the end of the period	$	57,840		$	57,960

In fiscal year 2022, the Company performed its annual goodwill impairment test and determined that there was no impairment to goodwill. The Company will continue to monitor its recorded goodwill for indicators of impairment.

Purchased Intangible Assets

The Company’s intangible assets associated with purchased patent license are as follows (in thousands):

		As of June 30, 2022							As of 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	$	(920	)	$	250	$	1,170	$	(735	)	$	435

During fiscal year 2017, the Company purchased a patent license with a useful life of seven years. During the fiscal year 2020, the Company purchased a patent license for $0.2 million 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 June 30, 2022 and 2021.

Amortization expense related to purchased intangible assets was $0.1 million, $0.2 million and $0.2 million for the years ended June 30, 2022, 2021 and 2020, respectively.

The estimated future amortization expense of purchased intangible assets as of June 30, 2022 is as follows (in thousands):

Year Ending June 30,	Amount
2023	$	143
2024		107
	$	250