Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets

Goodwill and Intangible Assets

(9) Goodwill and Intangible Assets

The following table summarizes changes in goodwill during the year ended June 30, 2020:

Balance at June 30, 2019	$	9,590
Additions attributable to current year acquisition		12,065
Balance at June 30, 2020	$	21,655

Refer to Note 6 for further details on the current year acquisition.

The Company’s amortizable intangible assets and estimated useful lives are as follows:

	June 30,		June 30,		Useful
	2019		2020		Life
Client relationships	$	18,130	$	19,200	5 - 9 years
Proprietary technology		—		2,962	5 years
Non-solicitation agreements		600		1,350	2 - 4 years
Trade name		—		350	5 years
Total		18,730		23,862
Accumulated amortization		(7,979)		(10,502)
Intangible assets, net	$	10,751	$	13,360

Amortization expense for acquired intangible assets was $1,695, $2,251 and $2,523 for the years ended June 30, 2018, 2019 and 2020, respectively. Future amortization expense for acquired intangible assets is as follows, as of June 30, 2020:

Fiscal 2021	$	3,377
Fiscal 2022		3,358
Fiscal 2023		3,185
Fiscal 2024		2,232
Fiscal 2025		1,208
Total	$	13,360