GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the nine months ended March 31, 2022 are as follows:


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

Acquisitions	12,667		—		12,667
Disposals and foreign currency changes, net	(2,760)		—		(2,760)
Impairments	—		—		—
Balances as of March 31, 2022	$	902,725	$	(138,297)	$	764,428

In conjunction with our annual impairment test, we tested goodwill for impairment during the quarter and did not identify any impairment.

Components of intangible assets are as follows:


(in 000s)
	Gross Carrying Amount		Accumulated Amortization		Net
As of March 31, 2022:
Reacquired franchise rights	$	378,257	$	(193,589)	$	184,668
Customer relationships	328,161		(272,947)		55,214
Internally-developed software	169,708		(134,990)		34,718
Noncompete agreements	41,710		(37,231)		4,479
Franchise agreements	19,201		(17,068)		2,133
Purchased technology	122,700		(85,281)		37,419
Trade name	5,800		(1,595)		4,205
	$	1,065,537	$	(742,701)	$	322,836










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 $25.5 million and $15.5 million during the nine months ended March 31, 2022 and 2021, respectively. The amounts and weighted-average lives of intangible assets acquired during the nine months ended March 31, 2022, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average Life (in years)
Internally-developed software	$	9,427	3
Customer relationships	13,029		5
Reacquired franchise rights	8,130		5
Noncompete agreements	496		5
Total	$	31,082	4

Amortization of intangible assets for the three and nine months ended March 31, 2022 was $19.5 million and $58.7 million, respectively, compared to $20.7 million and $62.1 million for the three and nine months ended March 31, 2021, respectively. Estimated amortization of intangible assets for fiscal years ending June 30, 2022, 2023, 2024, 2025 and 2026 is $77.3 million, $64.2 million, $44.6 million, $23.9 million and $16.3 million, respectively.