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Goodwill and Purchased Intangible Assets
12 Months Ended
Jun. 30, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Purchased Intangible Assets

Note 6. Goodwill and Purchased Intangible Assets

Goodwill

Goodwill as of June 30, 2021 and 2020 and changes in the carrying amount of goodwill for the respective periods are as follows (in thousands):

 

 

 

As of June 30,

 

 

 

2021

 

 

2020

 

Balance at the beginning of the period

 

$

57,717

 

 

$

57,770

 

Currency translation adjustment

 

 

243

 

 

 

(53

)

Balance at the end of the period

 

$

57,960

 

 

$

57,717

 

 

In fiscal year 2021, 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, 2021

 

 

As of June 30, 2020

 

 

 

Useful

Lives

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

Amount

 

 

 

(in years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Patent license

 

2 - 7

 

$

1,170

 

 

$

(735

)

 

$

435

 

 

$

1,170

 

 

$

(507

)

 

$

663

 

 

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 $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 June 30, 2021 and 2020.

Amortization expense related to purchased intangible assets was $0.2 million, $0.2 million and $0.1 million for the years ended June 30, 2021, 2020 and 2019, respectively.

The estimated future amortization expense of purchased intangible assets as of June 30, 2021 is as follows (in thousands):

 

Year Ending June 30,

 

Amount

 

2022

 

$

185

 

2023

 

 

143

 

2024

 

 

107

 

2025

 

 

 

 

 

$

435