Other Assets (Text Block)

12 Months Ended

Jun. 30, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

OTHER ASSETS

Goodwill

The carrying amount of goodwill for the fiscal years ended June 30, 2020 and 2019, by reportable segments, is as follows:


	June 30,
Core	2020		2019
Beginning balance	$	199,956	$	195,956
Goodwill, acquired during the year	—		4,000
Goodwill, adjustments related to dispositions	—		—
Ending balance	$	199,956	$	199,956

Payments
Beginning balance	$	325,326	$	325,204
Goodwill, acquired during the year	—		122
Goodwill, adjustments related to dispositions	—		—
Ending balance	$	325,326	$	325,326

Complementary
Beginning balance	$	141,662	$	128,769
Goodwill, acquired during the year	19,390		12,893
Goodwill, adjustments related to dispositions	—		—
Ending balance	$	161,052	$	141,662

Goodwill acquired during fiscal 2020 totaled $19,390, all resulting from the purchase of Geezeo. The goodwill arising from this acquisition consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of Geezeo, together with the value of their assembled workforces. No goodwill has been assigned to the Company's Corporate and Other reportable segment (see Note 13. Business Acquisitions).

Goodwill acquired during fiscal 2019 totaled $17,014, with $12,893 of that resulting from the purchase of BOLTS, $3,999 resulting from the purchase of Agiletics, and the remainder resulting from a measurement period adjustment on the Ensenta valuation. The goodwill arising from these acquisitions consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of BOLTS and Agiletics, together with the value of their assembled workforces. No goodwill was assigned to the Company's Corporate and Other reportable segment (see Note 13. Business Acquisitions).

Other Intangible Assets

Information regarding other identifiable intangible assets is as follows:


	June 30, 2020
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	316,034	$	(220,926)	$	95,108
Computer software	$	860,540	$	(520,074)	$	340,466
Other intangible assets:	$	101,772	$	(71,855)	$	29,917

	June 30, 2019
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	305,512	$	(204,859)	$	100,653
Computer software	$	759,671	$	(440,702)	$	318,969
Other intangible assets:	$	93,471	$	(61,957)	$	31,514

Customer relationships have useful lives ranging from 5 to 20 years.

Computer software includes cost of software to be sold, leased, or marketed of $142,493 and costs of internal-use software of $197,973 at June 30, 2020. At June 30, 2019, costs of software to be sold, leased, or marketed totaled $135,743, and costs of internal-use software totaled $183,226.

Computer software includes the unamortized cost of commercial software products developed or acquired by the Company, which are capitalized and amortized over useful lives generally ranging from 5 to 15 years. Amortization expense for computer software totaled $92,460, $82,605, and $72,859 for the fiscal years ended June 30, 2020, 2019, and 2018, respectively. Computer software projects totaling $8,710, primarily related to Enterprise Risk Mitigation Solution and Payments Hub, were written off during the fiscal year ended June 30, 2020 and are included in selling, general, and administrative on the Company's consolidated statement of income and as (gain)/loss on disposal of assets and businesses on the Company's consolidated statement of cash flows. There were no material impairments in fiscal years ended June 30, 2019 and 2018.

The Company's other intangible assets have useful lives ranging from 3 to 20 years.

Amortization expense for all intangible assets was $119,599, $113,255, and $104,011 for the fiscal years ended June 30, 2020, 2019, and 2018, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2020, is as follows:


Years Ending June 30,	Computer Software		Customer Relationships		Other Intangible Assets		Total
2021	$	78,873	$	13,625	$	9,083	$	101,581
2022	62,311		12,314		6,157		80,782
2023	47,426		9,721		3,122		60,269
2024	31,396		8,339		1,668		41,403
2025	13,293		7,885		1,375		22,553