Intangible Assets (Policies)

3 Months Ended

Sep. 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 consisted of the following as of September 30, 2020 and June 30, 2020:

	Gross Carrying Amount		Accumulated Amortization		Effect of Currency Translation		Net Carrying Amount
	(Dollars in Thousands)
September 30, 2020:
Technology	$	51,269	$	(14,680)	$	(367)	$	36,222
Customer relationships	9,148		(3,487)		(124)		5,537
Non-compete agreements	553		(553)		—		—
Total	$	60,970	$	(18,720)	$	(491)	$	41,759
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

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 September 30, 2020 and 2019, respectively.

Future amortization expense as of September 30, 2020 is expected to be as follows:

Year Ended June 30,	Amortization Expense
	(Dollars in Thousands)
2021	$	5,199
2022	6,968
2023	6,946
2024	6,394
2025	6,304
Thereafter	9,948
Total	$	41,759