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Goodwill and Other Intangible Assets, net | 12 Months Ended
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Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets, net | Goodwill and Other Intangible Assets, net Goodwill For each of the years ended June 30, 2024 and June 30, 2023, we have not recorded any goodwill impairments. Changes in the carrying amount of goodwill is comprised of the following for the year ended June 30, 2024 (in thousands):
| 2024
| Sleep and Respiratory Care |  | SaaS |  | Total
Balance at the beginning of the period | $ | 670,120 |  |  | $ | 2,100,179 |  |  | $ | 2,770,299 |
Business acquisitions | 92,191 |  |  | — |  |  | 92,191 |
Foreign currency translation adjustments | (4,782) |  |  | (15,653) |  |  | (20,435) |
Balance at the end of the period | $ | 757,529 |  |  | $ | 2,084,526 |  |  | $ | 2,842,055 |
Other Intangible Assets Other intangibles, net are comprised of the following as of June 30, 2024 and June 30, 2023 (in thousands):
| 2024 |  | 2023
Developed/core product technology | $ | 384,679 |  |  | $ | 398,740 |
Accumulated amortization | (280,970) |  |  | (265,802) |
Developed/core product technology, net | 103,709 |  |  | 132,938 |
Customer relationships | 432,470 |  |  | 443,652 |
Accumulated amortization | (150,486) |  |  | (124,220) |
Customer relationships, net | 281,984 |  |  | 319,432 |
Other intangibles | 252,210 |  |  | 244,373 |
Accumulated amortization | (151,999) |  |  | (144,402) |
Other intangibles, net | 100,211 |  |  | 99,971 |
Total other intangibles, net | $ | 485,904 |  |  | $ | 552,341 |
Intangible assets consist of developed/core product technology, trade names, non-compete agreements, customer relationships, and patents, and we amortize them over the estimated useful life of the assets, generally between two years and fifteen years. There are no expected residual values related to these intangible assets. During the year ended June 30, 2024, we impaired $18.6 million of developed/core product technology intangible assets, $14.5 million of customer relationship intangible assets, and $0.1 million of other intangibles associated with restructuring activities. These non-cash charges were recorded within restructuring expenses in the consolidated statements of income. Refer to Note 18 – Restructuring Expenses for the facts and circumstances leading to the impairments. We did not record any intangible asset impairments during the years ended June 30, 2023 and 2022. Amortization expense related to identified intangible assets for the years ended June 30, 2024 and June 30, 2023 was $79.5 million and $72.4 million, respectively. Amortization expense related to patents, included in other intangibles, for the years ended June 30, 2024 and June 30, 2023 was $7.6 million and $7.0 million, respectively. Total estimated annual amortization expense for the years ending June 30, 2025 through June 30, 2029, is shown below (in thousands):
| Fiscal Years Ending June 30
| 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Estimated amortization expense | $ | 81,975 |  |  | $ | 76,847 |  |  | $ | 58,023 |  |  | $ | 49,431 |  |  | $ | 43,492 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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