Goodwill and Intangible Assets

6 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Note 5. Goodwill and Intangible Assets

Goodwill

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

	December 31,  2023		June 30, 2023
Balance at the beginning of the period	$	57,681	$	57,840
Currency translation		90		(159	)
Balance at the end of the period	$	57,771	$	57,681

The Company performed its annual goodwill impairment test in the second quarter of fiscal year 2024, 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, 2023							June 30, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
Patent license	$	1,000	$	(964	)	$	36	$	1,000	$	(893	)	$	107
Other intangibles		132		(52	)		80		132		(29	)		103
Total intangible assets	$	1,132	$	(1,016	)	$	116	$	1,132	$	(922	)	$	210

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, 2023.

The estimated future amortization expense of acquired intangible assets, net, as of December 31, 2023, is as follows (in thousands):

	Amount
2024 (remaining six months)	$	58
2025		44
2026		14
Total estimated future amortization expense	$	116