Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2022

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,  2022			June 30, 2022
Balance at the beginning of the period	$	57,840		$	57,960
Currency translation		(64	)		(120	)
Balance at the end of the period	$	57,776		$	57,840

In the second quarter of fiscal year 2023, 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 carrying amount of acquired intangible assets, net, consisted of the following (in thousands):

	December 31, 2022							June 30, 2022
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
Patent license	$	1,268	$	(1,000	)	$	268	$	1,170	$	(920	)	$	250

The Company did not identify any triggering events that would indicate a potential impairment of its definite-lived intangible and long-lived assets as of December 31, 2022.

The estimated future amortization expense of acquired intangible assets, net, as of December 31, 2022, is as follows (in thousands):

	Amount
2023 (remaining six months)	$	88
2024		140
2025		32
2026		8
Total estimated future amortization expense	$	268