GOODWILL AND OTHER INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2022

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)	94,071		—		94,071
Translation and other adjustments, net	(9)		(14,308)		(14,318)
Balance as of March 31, 2022	$	694,874	$	255,947	$	950,820

Other Intangible Assets

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

	March 31, 2022		June 30, 2021
Non-amortized intangible assets:
Trademarks and tradenames	$	390,002	$	273,471
Amortized intangible assets:
Other intangibles	211,747		146,856
Less: Accumulated amortization	(108,810)		(105,432)
Net amortized intangible assets	102,937		41,424
Net other intangible assets	$	492,939	$	314,895

There were no events or circumstances that warranted an interim impairment test for indefinite-lived intangible assets during the three and nine months ended March 31, 2022 or 2021. 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 March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Amortization of acquired intangibles	$	3,110	$	2,145	$	7,255	$	6,771

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	$	2,973	$	11,611	$	9,008	$	8,005	$	7,565

The weighted average remaining amortization period of amortized intangible assets is 13.7 years.