GOODWILL AND INTANGIBLES

3 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLES

GOODWILL AND INTANGIBLES

Intangible asset balances and goodwill consisted of the following:

	As of September 30, 2022
($ in thousands)	Gross		Accumulated Amortization		Net		Amortization Period
Intangible assets:
Brand and tradenames	$	1,705	$	(1,201)	$	504	1 - 7 years
Developed technology	11,819		(9,234)		2,585		5 - 6 years
Customer relationships	19,339		(5,302)		14,037		5 - 18 years
Total intangible assets	$	32,863	$	(15,737)	$	17,126
Goodwill	66,656		—		66,656		Indefinite

	As of June 30, 2022
($ in thousands)	Gross		Accumulated Amortization		Net		Amortization Period
Intangible assets:
Brand and tradenames	1,705		(1,133)		572		1 - 7 years
Developed technology	11,819		(8,761)		3,058		5 - 6 years
Customer relationships	19,339		(5,022)		14,317		5 - 18 years
Total intangible assets	$	32,863	$	(14,916)	$	17,947
Goodwill	66,656		—		66,656		Indefinite

For the three months ended September 30, 2022 and September 30, 2021, there was $0.8 million for each respective period in amortization expense related to intangible assets that was recognized. 

The Company performs an annual goodwill impairment test on April 1 and more frequently if events and circumstances indicate that the asset might be impaired. The Company has determined that there is a single reporting unit for purposes of testing goodwill for impairment. During the three months ended September 30, 2022 and September 30, 2021, the Company did not recognize any impairment charges related to goodwill.