Intangible Assets (Policies)

6 Months Ended

Dec. 31, 2019

Goodwill and Intangible Assets Disclosure [Abstract]

We include in our amortizable intangible assets those intangible assets acquired in our business and asset acquisitions. We amortize acquired intangible assets with finite lives over their estimated economic lives, generally using the straight-line method. Each period, we evaluate the estimated remaining useful lives of acquired intangible assets to determine whether events or changes in circumstances warrant a revision to the remaining period of amortization. Acquired intangibles are removed from the accounts when fully amortized and no longer in use.

Intangible assets consisted of the following as of December 31, 2019 and June 30, 2019:



	Gross Carrying Amount		Accumulated Amortization			Effect of Currency Translation			Net Carrying Amount
	(Dollars in Thousands)
December 31, 2019:
Technology	$	50,960	$	(10,946	)	$	219		$	40,233
Customer relationships	8,976		(1,780		)	93			7,289
Non-compete agreements	553		(553		)	—			—
Total	$	60,489	$	(13,279	)	$	312		$	47,522
June 30, 2019:
Technology	$	37,168	$	(8,868	)	$	(118	)	$	28,182
Customer relationships	6,503		(1,039		)	(100		)	5,364
Non-compete agreements	553		(492		)	—			61
Total	$	44,224	$	(10,399	)	$	(218	)	$	33,607

Total amortization expense related to intangible assets is included in cost of license revenue and operating expenses and amounted to approximately $1.7 million and $1.2 million for the three months ended December 31, 2019 and 2018, respectively, and approximately $2.9 million and $2.2 million for the six months ended December 31, 2019 and 2018, respectively.

Future amortization expense as of December 31, 2019 is expected to be as follows:



Year Ended June 30,	Amortization Expense
	(Dollars in Thousands)
2020	$	3,759
2021	6,966
2022	6,995
2023	6,974
2024	6,425
Thereafter	16,403
Total	$	47,522