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Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets GOODWILL AND INTANGIBLE ASSETS
Goodwill
Goodwill, which is primarily attributable to expected synergies from acquisitions and is not deductible for U.S. federal and state income tax purposes, consisted of the following as of the dates presented (in thousands):
June 30,
20242023
Balance, beginning$2,396,509 $2,362,893 
Addition related to acquisition during the period— 33,441 
Measurement period adjustments— 175 
Balance, ending$2,396,509 $2,396,509 
Intangible Assets
Intangible assets consisted of the following as of the dates presented (amounts in thousands):
June 30, 2024
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted average remaining
useful life
(In years)
Customer relationships$259,269 $(78,410)$180,859 7.0
Developed technology215,958 (116,126)99,832 2.9
Trade name48,042 (47,262)780 0.2
Total$523,269 $(241,798)$281,471 
Jun 30, 2023
Gross Carrying AmountAccumulated AmortizationNet Carrying AmountWeighted average remaining
useful life
(In years)
Customer relationships$259,269 $(52,483)$206,786 8.0
Developed technology215,958 (77,178)138,780 3.8
Trade name48,042 (32,181)15,861 1.0
Total$523,269 $(161,842)$361,427 
Amortization of finite-lived intangible assets was as follows during the years ended June 30, 2024 and 2023 (in thousands):
June 30,
20242023
Cost of revenue$38,948 $38,269 
Sales and marketing41,008 41,936 
Total$79,956 $80,205 
As of June 30, 2024, future amortization of finite-lived intangible assets that will be recorded in cost of revenue and operating expenses is estimated as follows (in thousands):
Fiscal years ending June 30:
Amount
2025$61,234 
202659,570 
202756,909 
202826,606 
202925,927 
Thereafter51,225 
Total$281,471