GOODWILL AND INTANGIBLES

3 Months Ended

Sep. 30, 2024

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, 2024						Weighted Average Remaining Useful Life (Years)
($ in thousands)	Gross		Accumulated Amortization		Net
Intangible assets:
Brand and trade names	$	2,526	(1,971)		555		2.0
Developed technology	23,119		(13,792)		9,327		3.8
Customer relationships	27,217		(10,337)		16,880		8.6
Total intangible assets	$	52,862	$	(26,100)	$	26,762	6.8
Goodwill	$	102,708	$	—	$	102,708	Indefinite

	As of June 30, 2024						Weighted Average Useful Life (Years)
($ in thousands)	Gross		Accumulated Amortization		Net
Intangible assets:
Brand and trade names	$	2,361	$	(1,852)	$	509	1.6
Developed technology	20,062		(13,304)		6,758		3.6
Customer relationships	27,024		(9,665)		17,359		8.8
Total intangible assets	$	49,447	$	(24,821)	$	24,626	7.2
Goodwill	$	94,903	$	—	$	94,903	Indefinite

During the three months ended September 30, 2024 and September 30, 2023, the Company recognized $1.3 million and $1.6 million, respectively, in amortization expense related to intangible assets.

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 one single reporting unit for purposes of testing goodwill for impairment. During the three ended September 30, 2024 and September 30, 2023, the Company did not recognize any impairment charges related to goodwill.