Annual report pursuant to Section 13 and 15(d)

Intangible Assets and Goodwill (Tables)

Intangible Assets and Goodwill (Tables)

12 Months Ended

Jun. 30, 2014

Intangible Assets

Intangible assets and goodwill consist of (in thousands):


						June 30,
		Useful Life				2014				2013
Developed technology			8-12 years			$	48,166			$	28,656
Trade names			5-15 years				24,280				17,659
Customer relationships			8-14 years				59,240				8,613
Non-compete agreement			3-5 years				3,109				400

							134,795				55,328
Accumulated amortization							(26,019	)			(14,776	)

						$	108,776			$	40,552

Goodwill						$	151,473			$	84,336

Changes to Carrying Amount of Net Intangible Assets

Changes to the carrying amount of net intangible assets consists of (in thousands)


		Year Ended June 30,
		2014				2013
Beginning balance		$	40,552			$	46,476
Acquisitions			75,122				0
Amortization expense			(10,267	)			(5,061	)
Currency translation			3,369				(863	)

Ending balance		$	108,776			$	40,552

Estimated Future Amortization Expense for Intangible Assets

The estimated future amortization expense for intangible assets as of June 30, 2014 is as follows (in thousands):


Year Ending June 30:
2015		$	12,187
2016			12,168
2017			11,340
2018			11,204
2019			10,698
Thereafter			51,179

		$	108,776