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Intangible Assets (Policies)
 12 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets Intangible Assets
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 consist of the following as of June 30, 2020 and 2019:
 
Gross Carrying Amount
 
Accumulated Amortization
 
Effect of Currency Translation
 
Net Carrying Amount
 
(Dollars in Thousands)
June 30, 2020:
 
 
 
 
 
 
 
Technology
$
51,269

 
$
(13,245
)
 
$
(842
)
 
$
37,182

Customer relationships
9,148

 
(3,171
)
 
(308
)
 
5,669

Non-compete agreements

553

 
(553
)
 
—

 
—

Total
$
60,970

 
$
(16,969
)
 
$
(1,150
)
 
$
42,851

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 amounted to $6.6 million, $4.5 million and $2.2 million in fiscal 2020, 2019 and 2018, respectively.
Future amortization expense as of June 30, 2020 is expected to be as follows:
Year Ended June 30,
Amortization Expense
 
(Dollars in Thousands)
2021
$
6,842

2022
6,867

2023
6,843

2024
6,288

2025
6,197

Thereafter
9,814

Total
$
42,851