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Goodwill and Intangible Assets
6 Months Ended
Dec. 31, 2022
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets

Note 3 – Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill for the six months ended December 31, 2022 are as follows (in thousands):

 

 

 

Domestic

 

 

International

 

 

Total

 

Balance at June 30, 2022

 

$

3,934,625

 

 

$

123,666

 

 

$

4,058,291

 

Goodwill acquired (1)

 

 

6,072

 

 

 

 

 

 

6,072

 

Foreign currency translation

 

 

(188

)

 

 

(341

)

 

 

(529

)

Balance at December 31, 2022

 

$

3,940,509

 

 

$

123,325

 

 

$

4,063,834

 

 

(1)

Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. Purchase price allocations for all of the fiscal year 2022 acquisitions were complete as of December 31, 2022.

There were no impairments of goodwill during the periods presented.

Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

December 31, 2022

 

 

June 30, 2022

 

 

 

Gross carrying

 

 

Accumulated

 

 

Net carrying

 

 

Gross carrying

 

 

Accumulated

 

 

Net carrying

 

 

 

value

 

 

amortization

 

 

value

 

 

value

 

 

amortization

 

 

value

 

Customer contracts and related

   customer relationships

 

$

656,249

 

 

$

(296,255

)

 

$

359,994

 

 

$

656,353

 

 

$

(275,538

)

 

$

380,815

 

Acquired technologies

 

 

280,188

 

 

 

(97,124

)

 

 

183,064

 

 

 

280,196

 

 

 

(79,626

)

 

 

200,570

 

Total intangible assets

 

$

936,437

 

 

$

(393,379

)

 

$

543,058

 

 

$

936,549

 

 

$

(355,164

)

 

$

581,385

 

 

Amortization expense related to intangible assets was $19.1 million and $38.2 million for the three and six months ended December 31, 2022, respectively, and $18.1 million and $35.6 million for the three and six months ended December 31, 2021, respectively.