Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2022

Disclosure of detailed information about intangible assets [abstract]

Goodwill

Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized, but rather tested for impairment at least annually during the fourth quarter, or when indicators of impairment exist.

Goodwill consisted of the following:


		Goodwill
	Note	(U.S. $ in thousands)
Balance as of June 30, 2020		$	645,140
Additions	13	80,649
Effect of change in exchange rates		(31)
Balance as of June 30, 2021		$	725,758
Additions	13	9,361
Effect of change in exchange rates		(2,453)
Balance as of June 30, 2022		$	732,666

Additions to goodwill during fiscal year 2022 were as a result of an acquisition completed during the fiscal year. Additions to goodwill during fiscal year 2021 were as a result of the acquisitions completed during the fiscal year including, primarily Mindville AB (“Mindville”) and Chart.io, Inc. (“Chartio”). See Note 13, “Business combinations” for additional information regarding acquisitions.

Intangible assets

Intangible assets consisted of the following:


	Patents, Trademarks and Other Rights		Acquired Developed Technology		Customer Relationships		Total
	(U.S. $ in thousands)
As of June 30, 2021
Opening cost balance	$	27,795	$	214,744	$	128,502	$	371,041
Additions	1,800		23,005		1,849		26,654
Disposals	(220)		(6,900)		(310)		(7,430)

Closing cost balance	29,375		230,849		130,041		390,265

Opening accumulated amortization	(23,205)		(147,146)		(71,000)		(241,351)
Amortization charge	(1,124)		(21,691)		(8,939)		(31,754)
Disposals	220		6,900		310		7,430

Closing accumulated amortization	(24,109)		(161,937)		(79,629)		(265,675)
Net book balance	$	5,266	$	68,912	$	50,412	$	124,590

As of June 30, 2022
Opening cost balance	$	29,375	$	230,849	$	130,041	$	390,265
Additions	4,018		3,769		861		8,648
Disposals	—		—		(1,400)		(1,400)

Closing cost balance	33,393		234,618		129,502		397,513

Opening accumulated amortization	(24,109)		(161,937)		(79,629)		(265,675)
Amortization charge	(1,305)		(22,441)		(8,652)		(32,398)
Disposals	—		—		1,400		1,400

Closing accumulated amortization	(25,414)		(184,378)		(86,881)		(296,673)
Net book balance	$	7,979	$	50,240	$	42,621	$	100,840

As of June 30, 2022, no development costs have qualified for capitalization, and all development costs have been expensed as incurred.

As of June 30, 2022, the remaining amortization period for patents, trademarks and other rights ranged from one year to nine years. The remaining amortization period for acquired developed technology ranged from approximately one year to four years. The remaining amortization period for customer relationships ranged from one year to six years.