Other Assets (Text Block)

12 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

OTHER ASSETS

Goodwill

The carrying amount of goodwill for the fiscal years ended June 30, 2021 and 2020, by reportable segments, is as follows:


	June 30,
Core	2021		2020
Beginning balance	$	199,956	$	199,956
Goodwill, acquired during the year	—		—
Goodwill, transferred during the year1	(4,017)		—
Goodwill, adjustments related to dispositions	(361)		—
Ending balance	$	195,578	$	199,956

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

Complementary
Beginning balance	$	161,052	$	141,662
Goodwill, acquired during the year	1,485		19,390
Goodwill, transferred during the year1	4,017		—
Goodwill, adjustments related to dispositions	—		—
Ending balance	$	166,554	$	161,052

1Related to the transfer of our Call Center line of business from Core to Complementary, $4,017 of goodwill was transferred between the two based upon the estimated fair value of that line of business.

Goodwill acquired during fiscal 2021 and 2020 totaled $1,485 and $19,390, respectively. Goodwill consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of the entities or assets acquired, together with their assembled workforces. No goodwill has been assigned to the Company's Corporate and Other reportable segment (see Note 13).

Other Intangible Assets

Information regarding other identifiable intangible assets is as follows:


	June 30, 2021
	Gross Carrying Amount		Accumulated Amortization		Net
Customer relationships	$	316,401	$	(234,559)	$	81,842
Computer software	$	978,099	$	(610,005)	$	368,094
Other intangible assets:	$	102,615	$	(76,486)	$	26,129

	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

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

Computer software includes cost of software to be sold, leased, or marketed of $146,090 and costs of internal-use software of $222,004 at June 30, 2021. At June 30, 2020, costs of software to be sold, leased, or marketed totaled $142,493, and costs of internal-use software totaled $197,973.

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 $99,305, $92,460, and $82,605 for the fiscal years ended June 30, 2021, 2020, and 2019, respectively. During fiscal 2020, computer software projects totaling $8,710, primarily related to Enterprise Risk Mitigation Solution and Payments Hub, were written off 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, 2021 and 2019.

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

Amortization expense for all intangible assets was $123,233, $119,599, and $113,255 for the fiscal years ended June 30, 2021, 2020, and 2019, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2021, is as follows:


Years Ending June 30,	Computer Software		Customer Relationships		Other Intangible Assets		Total
2022	$	86,113	$	12,339	$	8,202	$	106,654
2023	71,578		9,745		5,171		86,494
2024	55,831		8,363		2,488		66,682
2025	38,341		7,910		1,390		47,641
2026	16,443		7,544		1,367		25,354