Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets Subject to Amortization and for Intangible Assets Not Subject to Amortization

The following tables set forth the information for intangible assets subject to amortization and for intangible assets not subject to amortization.


	As of December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Life
	(in thousands)						(in years)
Amortized intangible assets:
Customer related	$	234,200	$	(180,890)	$	53,310	6.8
Core technology	161,419		(110,757)		50,662		7.2
Other intangible assets	23,381		(21,307)		2,074		4.2
Capitalized software development costs	30,343		(21,452)		8,891		2.8
Software (1)	115,910		(66,302)		49,608		3.6
Total	$	565,253	$	(400,708)	$	164,545
Unamortized intangible assets:
Goodwill					252,061
Total intangible assets					$	416,606


	As of June 30, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Value		Weighted Average Remaining Life
	(in thousands)						(in years)
Amortized intangible assets:
Customer related	$	235,366	$	(175,841)	$	59,525	7.2
Core technology	154,254		(107,008)		47,246		7.5
Other intangible assets	23,504		(20,984)		2,520		4.8
Capitalized software development costs	29,217		(18,843)		10,374		2.6
Software (1)	101,898		(58,872)		43,026		4.0
Total	$	544,239	$	(381,548)	$	162,691
Unamortized intangible assets:
Goodwill					246,698
Total intangible assets					$	409,389

——————

(1)Software includes purchased software and software developed for internal use.

Schedule of Estimated Amortization Expense

Estimated amortization expense for the remainder of fiscal year 2022 and subsequent fiscal years for acquired intangible assets, capitalized software development costs and software, in each case that have been placed in service as of December 31, 2021, is as follows:


	Acquired Intangible Assets		Capitalized Software Development Costs		Software
	(in thousands)
Remaining 2022	$	10,562	$	2,664	$	9,068
2023	19,551		2,484		12,667
2024	17,690		1,728		10,248
2025	15,205		1,056		6,889
2026	14,249		472		3,523
2027 and thereafter	28,789		49		587

Schedule of Roll Forward of Goodwill Balances, by Reportable Segment

The following table represents a roll forward of our goodwill balances, by reportable segment:


	Payment Platforms		Banking Solutions		Legal Spend Management		Traditional Solutions		Other (1)		Total
	(in thousands)
Balance at June 30, 2021	$	151,765	$	40,534	$	—	$	46,205	$	8,194	$	246,698
Goodwill reclassified as a result of segment reorganization	(88,767)		61,310		27,457						—
Measurement period adjustment	(859)		—		—		—		—		(859)
Goodwill acquired during the period	8,078		—		—		—		—		8,078
Impact of foreign currency translation	(540)		—		—		(1,316)		—		(1,856)
Balance as of December 31, 2021	$	69,677	$	101,844	$	27,457	$	44,889	$	8,194	$	252,061

——————

(1)Other goodwill balance is net of $7.5 million accumulated impairment losses, previously recorded.

BOTTOMLINE TECHNOLOGIES INC 10-Q