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GOODWILL AND INTANGIBLES
 6 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLES GOODWILL AND INTANGIBLES
Intangible asset balances and goodwill consisted of the following:
As of December 31, 2024
Weighted Average Remaining Useful Life (Years)
($ in thousands)GrossAccumulated AmortizationNet
Intangible assets:
Brand and trade names$2,510 (2,075)435 1.8
Developed technology22,882 (14,467)8,415 3.6
Customer relationships27,186 (11,020)16,166 8.5
Total intangible assets$52,578 $(27,562)$25,016 6.7
Goodwill$102,292 $— $102,292 Indefinite
As of June 30, 2024Weighted Average Useful Life (Years)
($ in thousands)GrossAccumulated AmortizationNet
Intangible assets:
Brand and trade names$2,361 $(1,852)$509 1.6
Developed technology20,062 (13,304)6,758 3.6
Customer relationships27,024 (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 and six months ended December 31, 2024, the Company recognized $1.5 million and $2.7 million, respectively, in amortization expense related to intangible assets.

During the three and six months ended December 31, 2023, the Company recognized $1.4 million and $3.0 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 six months ended December 31, 2024 and December 31, 2023, the Company did not recognize any impairment charges related to goodwill.