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Intangible Assets (Policies)
 12 Months Ended
Jun. 30, 2021
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 intangible assets are removed from the accounts when fully amortized and no longer in use.
Intangible assets consist of the following as of June 30, 2021 and 2020:
Gross Carrying AmountAccumulated AmortizationEffect of Currency TranslationNet Carrying Amount
(Dollars in Thousands)
June 30, 2021:
Technology$55,288 $(19,378)$911 $36,821 
Customer relationships12,038 (4,713)181 7,506 
Non-compete agreements553 (553)— — 
Total$67,879 $(24,644)$1,092 $44,327 
June 30, 2020:
Technology$51,269 $(13,245)$(842)$37,182 
Customer relationships9,148 (3,171)(308)5,669 
Non-compete agreements553 (553)— — 
Total$60,970 $(16,969)$(1,150)$42,851 
Total amortization expense related to intangible assets amounted to $7.7 million, $6.6 million and $4.5 million in fiscal 2021, 2020 and 2019, respectively.
Future amortization expense as of June 30, 2021 is expected to be as follows:
Year Ended June 30,Amortization Expense
 (Dollars in Thousands)
2022$8,190 
20238,173 
20247,633 
20257,548 
20265,314 
Thereafter7,469 
Total$44,327