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Goodwill and Intangible Assets
 6 Months Ended
Oct. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets
NOTE 5: GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the six months ended October 31, 2019 and 2018 are as follows:
(in 000s)
 
 
 
Goodwill

 
Accumulated Impairment Losses

 
Net

Balances as of April 30, 2019
 
$
552,234

 
$
(32,297
)
 
$
519,937

Acquisition of Wave
 
289,492

 
—

 
289,492

Other Acquisitions
 
8,491

 
—

 
8,491

Disposals and foreign currency changes, net
 
(2,589
)
 
—

 
(2,589
)
Impairments
 
—

 
—

 
—

Balances as of October 31, 2019
 
$
847,628

 
$
(32,297
)
 
$
815,331

 
 
 
 
 
 
 
Balances as of April 30, 2018
 
$
540,168

 
$
(32,297
)
 
$
507,871

Acquisitions
 
624

 
—

 
624

Disposals and foreign currency changes, net
 
(1,304
)
 
—

 
(1,304
)
Impairments
 
—

 
—

 
—

Balances as of October 31, 2018
 
$
539,488

 
$
(32,297
)
 
$
507,191

 
 
 
 
 
 
 

We test goodwill for impairment annually in our fourth quarter, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value.
Components of intangible assets are as follows:
(in 000s)
 
 
 
Gross
Carrying
Amount

 
Accumulated
Amortization

 
Net

As of October 31, 2019:
 
 
 
 
 
 
Reacquired franchise rights
 
$
355,116

 
$
(147,313
)
 
$
207,803

Customer relationships
 
299,245

 
(211,681
)
 
87,564

Internally-developed software
 
149,644

 
(113,863
)
 
35,781

Noncompete agreements
 
40,636

 
(32,620
)
 
8,016

Franchise agreements
 
19,201

 
(13,974
)
 
5,227

Purchased technology
 
122,700

 
(49,503
)
 
73,197

Trade name
 
5,800

 
(192
)
 
5,608

Acquired assets pending final allocation (1)
 
2,181

 
—

 
2,181

 
 
$
994,523

 
$
(569,146
)
 
$
425,377

As of October 31, 2018:
 
 
 
 
 
 
Reacquired franchise rights
 
$
339,719

 
$
(124,733
)
 
$
214,986

Customer relationships
 
256,739

 
(179,011
)
 
77,728

Internally-developed software
 
142,147

 
(117,060
)
 
25,087

Noncompete agreements
 
32,879

 
(30,596
)
 
2,283

Franchise agreements
 
19,201

 
(12,694
)
 
6,507

Purchased technology
 
54,700

 
(40,646
)
 
14,054

Acquired assets pending final allocation (1)
 
23,879

 
—

 
23,879

 
 
$
869,264

 
$
(504,740
)
 
$
364,524

As of April 30, 2019:
 
 
 
 
 
 
Reacquired franchise rights
 
$
350,410

 
$
(136,345
)
 
$
214,065

Customer relationships
 
274,838

 
(195,174
)
 
79,664

Internally-developed software
 
139,239

 
(109,885
)
 
29,354

Noncompete agreements
 
33,376

 
(31,446
)
 
1,930

Franchise agreements
 
19,201

 
(13,334
)
 
5,867

Purchased technology
 
54,700

 
(43,518
)
 
11,182

Acquired assets pending final allocation (1)
 
431

 
—

 
431

 
 
$
872,195

 
$
(529,702
)
 
$
342,493

 
 
 
 
 
 
 

(1)    Represents franchisee and competitor business acquisitions for which final purchase price allocations have not yet been determined.
We made payments to acquire franchisee and competitor businesses totaling $20.7 million and $24.5 million during the six months ended October 31, 2019 and 2018, respectively. These payments do not include the payments made to acquire Wave as discussed in note 1.
Amortization of intangible assets for the three and six months ended October 31, 2019 was $21.6 million and $39.8 million, respectively. Amortization of intangible assets for the three and six months ended October 31, 2018 was $17.6 million and $35.7 million, respectively. Estimated amortization of intangible assets for fiscal years 2020, 2021, 2022, 2023 and 2024 is $80.2 million, $67.4 million, $51.6 million, $35.5 million and $27.8 million, respectively.