Goodwill and Intangible Assets

3 Months Ended

Sep. 30, 2019

Goodwill And Intangible Assets Disclosure [Abstract]

Note 6. Goodwill and Intangible Assets

Goodwill

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

	September 30, 2019			June 30, 2019
Balance at the beginning of the period	$	57,770		$	57,855
Currency translation		(113	)		(85	)
Balance at the end of the period	$	57,657		$	57,770

In the second quarter of fiscal 2019, the Company performed its annual goodwill impairment test and determined that there was no impairment to goodwill. The Company continues 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):

			September 30, 2019							June 30, 2019
	Useful Lives		Gross Carrying Amount		Accumulated Amortization			Net Amount		Gross Carrying Amount		Accumulated Amortization			Net Amount
	(in years)
Patent license		7	$	1,000	$	(357	)	$	643	$	1,000	$	(321	)	$	679

During fiscal 2017, the Company purchased a patent license with a useful life of seven 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 September 30, 2019 and June 30, 2019.

Amortization expense related to intangible assets for the three months ended September 30, 2019 and 2018 was $0.04 million and $0.04 million, respectively.

The estimated future amortization expense of acquired intangible assets as of September 30, 2019 is as follows (in thousands):

Year Ending June 30,	Amount
2020 (remaining 9 months)	$	107
2021		143
2022		143
2023		143
2024		107
	$	643