GOODWILL AND OTHER INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The following table provides the changes in the carrying value of goodwill by reportable segment:

	North America		International		Total
Balance as of June 30, 2021	$	600,812	$	270,255	$	871,067
Acquisition activity (See Note 4)	93,629		—		93,629
Translation and other adjustments, net	(993)		(7,420)		(8,413)
Balance as of December 31, 2021	$	693,448	$	262,835	$	956,283

Other Intangible Assets

The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:

	December 31, 2021		June 30, 2021
Non-amortized intangible assets:
Trademarks and tradenames	$	393,222	$	273,471
Amortized intangible assets:
Other intangibles	214,623		146,856
Less: Accumulated amortization	(107,752)		(105,432)
Net amortized intangible assets	106,871		41,424
Net other intangible assets	$	500,093	$	314,895

There were no events or circumstances that warranted an interim impairment test for indefinite-lived intangible assets during the three and six months ended December 31, 2021 or 2020. See Note 4, Acquisitions and Dispositions, for details surrounding the acquisition of THWR, including $193,800 of identifiable intangible assets acquired on December 28, 2021.

Amortized intangible assets, which are deemed to have a finite life, primarily consist of customer relationships and trademarks and tradenames and are amortized over their estimated useful lives of 5 to 25 years. Amortization expense included in continuing operations was as follows:

	Three Months Ended December 31,				Six Months Ended December 31,
	2021		2020		2021		2020
Amortization of acquired intangibles	$	2,050	$	2,193	$	4,145	$	4,626

Expected amortization expense over the next five fiscal years is as follows:

	Fiscal Year Ending June 30,
	2022 (remainder of year)		2023		2024		2025		2026
Estimated amortization expense	$	6,176	$	11,743	$	9,175	$	8,096	$	7,631

The weighted average remaining amortization period of amortized intangible assets is 13.8 years.