Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2022

Goodwill And Intangible Assets Disclosure [Abstract]

Note 8 – 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, 2020	$	3,279,856		$	127,254		$	3,407,110
Goodwill acquired		211,004			(1,478	)		209,526
Foreign currency translation		887			15,055			15,942
Balance at June 30, 2021	$	3,491,747		$	140,831		$	3,632,578
Goodwill acquired		444,417			—			444,417
Foreign currency translation		(1,539	)		(17,165	)		(18,704	)
Balance at June 30, 2022	$	3,934,625		$	123,666		$	4,058,291

There were no impairments of goodwill during the periods presented.

Intangible Assets

Intangible assets, net consisted of the following (in thousands):

	June 30, 2022							June 30, 2021
	Gross carrying		Accumulated			Net carrying		Gross carrying		Accumulated			Net carrying
	value		amortization			value		value		amortization			value
Customer contracts and related customer relationships	$	656,353	$	(275,538	)	$	380,815	$	601,516	$	(276,498	)	$	325,018
Acquired technologies		280,196		(79,626	)		200,570		198,273		(47,185	)		151,088
Total intangible assets	$	936,549	$	(355,164	)	$	581,385	$	799,789	$	(323,683	)	$	476,106

Amortization expense related to intangible assets was $74.1 million, $67.5 million and $59.3 million for fiscal 2022, 2021, and 2020, respectively. Intangible assets with a gross carrying value of $41.8 million became fully amortized during fiscal 2022 and are no longer reflected in the gross carrying value and accumulated amortization as of June 30, 2022.

As of June 30, 2022, the estimated annual amortization expense is as follows (in thousands):

Fiscal Year Ending June 30,	Amount
2023	$	75,377
2024		71,922
2025		67,776
2026		60,166
2027		53,366
2028 and thereafter		252,778
Total intangible assets, net	$	581,385

Actual amortization expense in future periods could differ from these estimates as a result of future acquisitions, divestitures, impairments, and other factors.