XML 30 R16.htm IDEA: XBRL DOCUMENT
v3.23.2

Goodwill and Intangible Assets | 12 Months Ended
--- | ---
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill Changes in the carrying amount of goodwill by reportable segment were as follows (in thousands):
| Domestic |  | International |  | Total
Balance at June 30, 2021 | $ | 3,491,747 |  |  | $ | 140,831 |  |  | $ | 3,632,578 |
Goodwill acquired | 444,417 |  |  | — |  |  | 444,417 |
Foreign currency translation | (1,539) |  |  | (17,165) |  |  | (18,704) |
Balance at June 30, 2022 | $ | 3,934,625 |  |  | $ | 123,666 |  |  | $ | 4,058,291 |
Goodwill acquired | 6,072 |  |  | 15,506 |  |  | 21,578 |
Foreign currency translation | (633) |  |  | 5,469 |  |  | 4,836 |
Balance at June 30, 2023 | $ | 3,940,064 |  |  | $ | 144,641 |  |  | $ | 4,084,705 |
No impairments of goodwill are included in the balances above. Intangible Assets Intangible assets, net consisted of the following (in thousands):
| June 30, 2023 |  | June 30, 2022
| Gross carrying value |  | Accumulated amortization |  | Net carrying value |  | Gross carrying value |  | Accumulated amortization |  | Net carrying value
Customer contracts and related customer relationships | $ | 655,877 |  |  | $ | (313,745) |  |  | $ | 342,132 |  |  | $ | 656,353 |  |  | $ | (275,538) |  |  | $ | 380,815 |
Acquired technologies | 277,180 |  |  | (111,477) |  |  | 165,703 |  |  | 280,196 |  |  | (79,626) |  |  | 200,570 |
Total intangible assets | $ | 933,057 |  |  | $ | (425,222) |  |  | $ | 507,835 |  |  | $ | 936,549 |  |  | $ | (355,164) |  |  | $ | 581,385 |
Amortization expense related to intangible assets was $75.4 million, $74.1 million and $67.5 million for fiscal 2023, 2022, and 2021, respectively. Intangible assets with a gross carrying value of $5.6 million became fully amortized during fiscal 2023 and are no longer reflected in the gross carrying value and accumulated amortization as of June 30, 2023. As of June 30, 2023, the estimated annual amortization expense is as follows (in thousands):
Fiscal Year Ending June 30, | Amount
2024 | $ | 72,360 |
2025 | 68,122 |
2026 | 60,462 |
2027 | 53,614 |
2028 | 45,435 |
2029 and thereafter | 207,842 |
Total intangible assets, net | $ | 507,835 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration