GOODWILL AND INTANGIBLE ASSETS

3 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the three months ended September 30, 2021 are as follows:


(in 000s)
	Goodwill		Accumulated Impairment Losses		Net
Balances as of July 1, 2021	$	892,818	$	(138,297)	$	754,521

Acquisitions	2,375		—		2,375
Disposals and foreign currency changes, net	(7,487)		—		(7,487)
Impairments	—		—		—
Balances as of September 30, 2021	$	887,706	$	(138,297)	$	749,409

We test goodwill for impairment annually as of February 1, 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 September 30, 2021:
Reacquired franchise rights	$	371,793	$	(186,227)	$	185,566
Customer relationships	318,038		(261,471)		56,567
Internally-developed software	163,027		(124,308)		38,719
Noncompete agreements	41,270		(36,270)		5,000
Franchise agreements	19,201		(16,428)		2,773
Purchased technology	122,700		(78,369)		44,331
Trade name	5,800		(1,305)		4,495
	$	1,041,829	$	(704,378)	$	337,451










As of June 30, 2021:
Reacquired franchise rights	$	370,405	$	(182,366)	$	188,039
Customer relationships	316,547		(255,294)		61,253
Internally-developed software	160,315		(119,460)		40,855
Noncompete agreements	41,228		(35,802)		5,426
Franchise agreements	19,201		(16,108)		3,093
Purchased technology	122,700		(74,913)		47,787
Trade name	5,800		(1,160)		4,640

	$	1,036,196	$	(685,103)	$	351,093

We made payments to acquire businesses totaling $4.3 million and $2.5 million during the three months ended September 30, 2021 and 2020, respectively. The amounts and weighted-average lives of intangible assets acquired

during the three months ended September 30, 2021, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average life (in years)
Internally-developed software	$	2,816	3
Customer relationships	1,889		5
Reacquired franchise rights	1,464		4
Noncompete agreements	62		5
Total	$	6,231	4

Amortization of intangible assets for the three months ended September 30, 2021 was $19.8 million compared to $19.9 million for the three months ended September 30, 2020. Estimated amortization of intangible assets for fiscal years ending June 30, 2022, 2023, 2024, 2025 and 2026 is $73.0 million, $55.8 million, $36.4 million, $18.8 million and $13.3 million, respectively.