Goodwill And Intangible Assets

12 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 6: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the periods ended June 30, 2023 and 2022 are as follows:


(in 000s)
	Goodwill		Accumulated Impairment Losses		Net









Balances as of July 1, 2021	$	892,818	$	(138,297)	$	754,521
Acquisitions	18,696		—		18,696
Disposals and foreign currency changes, net	(12,816)		—		(12,816)
Impairments	—		—		—
Balances as of June 30, 2022	898,698		(138,297)		760,401
Acquisitions(1)	23,832		—		23,832
Disposals and foreign currency changes, net	(8,780)		—		(8,780)
Impairments	—		—		—
Balances as of June 30, 2023	$	913,750	$	(138,297)	$	775,453

(1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting.

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
June 30, 2023:
Reacquired franchise rights	$	392,452	$	(212,495)	$	179,957
Customer relationships	351,695		(301,062)		50,633
Internally-developed software	133,380		(120,054)		13,326
Noncompete agreements	42,596		(39,617)		2,979
Franchise agreements	19,201		(18,668)		533
Purchased technology	122,700		(96,565)		26,135
Trade name	5,800		(2,320)		3,480
	$	1,067,824	$	(790,781)	$	277,043
June 30, 2022:
Reacquired franchise rights	$	379,114	$	(197,068)	$	182,046
Customer relationships	331,020		(278,717)		52,303
Internally-developed software	137,638		(107,111)		30,527
Noncompete agreements	41,789		(37,684)		4,105
Franchise agreements	19,201		(17,388)		1,813
Purchased technology	122,700		(87,910)		34,790
Trade name	5,800		(1,740)		4,060
	$	1,037,262	$	(727,618)	$	309,644

Amortization of intangible assets for continuing operations for the fiscal years ended June 30, 2023, June 30, 2022 and April 30, 2021 was $72.0 million, $77.5 million and $83.4 million, respectively, and was $13.8 million for the Transition Period. Estimated amortization of intangible assets for fiscal years 2024, 2025, 2026, 2027 and 2028 is $55.6 million, $32.8 million, $23.6 million, $17.8 million and $10.5 million, respectively.

We made payments to acquire businesses totaling $48.2 million, $35.9 million and $15.6 million during the fiscal years ended June 30, 2023, June 30, 2022 and April 30, 2021, respectively, and $0.8 million for the Transition

Period. The amounts and weighted-average lives of assets acquired during fiscal year 2023, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average Life (in years)
Internally-developed software	$	3,354	2
Customer relationships	22,161		5
Reacquired franchise rights	13,586		4
Noncompete agreements	836		5
Total	$	39,937	5