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Intangible Assets and Goodwill (Tables)
12 Months Ended
Jun. 30, 2014
Intangible Assets

Intangible assets and goodwill consist of (in thousands):

 

            June 30,  
     Useful Life      2014     2013  

Developed technology

     8-12 years       $ 48,166      $ 28,656   

Trade names

     5-15 years         24,280        17,659   

Customer relationships

     8-14 years         59,240        8,613   

Non-compete agreement

     3-5 years         3,109        400   
     

 

 

   

 

 

 
        134,795        55,328   

Accumulated amortization

        (26,019     (14,776
     

 

 

   

 

 

 
      $ 108,776      $ 40,552   
     

 

 

   

 

 

 

Goodwill

      $ 151,473      $ 84,336   
     

 

 

   

 

 

 

Changes to Carrying Amount of Net Intangible Assets

Changes to the carrying amount of net intangible assets consists of (in thousands)

 

     Year Ended June 30,  
     2014     2013  

Beginning balance

   $ 40,552      $ 46,476   

Acquisitions

     75,122        0   

Amortization expense

     (10,267     (5,061

Currency translation

     3,369        (863
  

 

 

   

 

 

 

Ending balance

   $ 108,776      $ 40,552   
  

 

 

   

 

 

 
Estimated Future Amortization Expense for Intangible Assets

The estimated future amortization expense for intangible assets as of June 30, 2014 is as follows (in thousands):

 

Year Ending June 30:

      

2015

   $ 12,187   

2016

     12,168   

2017

     11,340   

2018

     11,204   

2019

     10,698   

Thereafter

     51,179   
  

 

 

 
   $ 108,776