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Goodwill (Policies)
 12 Months Ended
Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The changes in the carrying amount of goodwill for our subscription and software reporting segment during the fiscal years ended June 30, 2020 and 2019 were as follows:
 
Gross Carrying Amount
 
Accumulated Impairment Losses
 
Effect of Currency Translation
 
Net Carrying Amount
June 30, 2019:
$
145,572

 
$
(65,569
)
 
$
(1,620
)
 
$
78,383

Goodwill from acquisitions, net of adjustments
62,278

 
—

 
—

 
62,278

Foreign currency translation
—

 
—

 
(3,606
)
 
(3,606
)
June 30, 2020:
$
207,850

 
$
(65,569
)
 
$
(5,226
)
 
$
137,055

 
 
 
 
 
 
 
 
 
Gross Carrying Amount
 
Accumulated Impairment Losses
 
Effect of Currency Translation
 
Net Carrying Amount
June 30, 2018:
$
142,316

 
$
(65,569
)
 
$
(1,157
)
 
$
75,590

Goodwill from acquisitions, net of adjustments
3,256

 
—

 
—

 
3,256

Foreign currency translation
—

 
—

 
(463
)
 
(463
)
June 30, 2019:
$
145,572

 
$
(65,569
)
 
$
(1,620
)
 
$
78,383


We test goodwill for impairment annually (or more often if impairment indicators arise), at the reporting unit level. We first assess qualitative factors to determine whether the existence of events or circumstances indicates that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. If we determine based on this assessment that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, we perform the goodwill impairment test. The first step requires us to determine the fair value of the reporting unit and compare it to the carrying amount, including goodwill, of such reporting unit. If the fair value exceeds the carrying amount, no impairment loss is recognized. However, if the carrying amount of the reporting unit exceeds its fair value, the goodwill of the unit is impaired.

Fair value of a reporting unit is determined using a combined weighted average of a market-based approach (utilizing fair value multiples of comparable publicly traded companies) and an income-based approach (utilizing discounted projected cash flows). In applying the income-based approach, we would be required to make assumptions about the amount and timing of future expected cash flows, growth rates and appropriate discount rates. The amount and timing of future cash flows would be based on our most recent long-term financial projections. The discount rate we would utilize would be determined using estimates of market participant risk-adjusted weighted-average costs of capital and reflect the risks associated with achieving future cash flows.

We have elected December 31st as the annual impairment assessment date. We performed our annual impairment test for the subscription and software reporting unit as of December 31, 2019 and, based upon the results of our qualitative assessment, determined that it was not likely that its fair value was less than its carrying amount. As such, we did not recognize impairment losses as a result of our analysis. There were also no impairment losses recognized during fiscal 2019 and 2018. If an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value, goodwill will be evaluated for impairment between annual tests.