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Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill by reportable segment were as follows (in thousands):
Domestic International Total
Balance at June 30, 2022$3,934,625 $123,666 $4,058,291 
Goodwill acquired (1)6,072 15,506 21,578 
Foreign currency translation(633)5,469 4,836 
Balance at June 30, 2023$3,940,064 $144,641 $4,084,705 
Goodwill acquired (1)34,681 34,726 69,407 
Foreign currency translation78 654 732 
Balance at June 30, 2024$3,974,823 $180,021 $4,154,844 
______________________
(1)    Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. The final purchase price allocations for our fiscal 2024 acquisitions remain open as of June 30, 2024.
No impairments of goodwill are included in the balances above.
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
June 30, 2024June 30, 2023
Gross carrying valueAccumulated
amortization
Net carrying
value
Gross carrying
value
Accumulated
amortization
Net carrying
value
Customer contracts and related customer relationships$695,944 $(353,159)$342,785 $655,877 $(313,745)$342,132 
Acquired technologies271,285 (139,716)131,569 277,180 (111,477)165,703 
Total intangible assets$967,229 $(492,875)$474,354 $933,057 $(425,222)$507,835 
Amortization expense related to intangible assets was $73.8 million, $75.4 million and $74.1 million for fiscal 2024, 2023, and 2022, respectively. Intangible assets with a gross carrying value of $6.1 million became fully amortized during fiscal 2024 and are no longer reflected in the gross carrying value and accumulated amortization as of June 30, 2024.
As of June 30, 2024, the estimated annual amortization expense is as follows (in thousands):
Fiscal Year Ending June 30,Amount
2025$71,496 
202663,634 
202756,588 
202848,213 
202940,052 
2030 and thereafter194,371 
Total intangible assets, net$474,354