GOODWILL

Goodwill is recorded when the consideration paid for an acquisition of a business exceeds the fair value of identifiable net tangible and intangible assets. The following table summarizes the changes in goodwill since June 30, 2015:



Balance as of June 30, 2015	$	2,161,592
Acquisition of Daegis (note 18)	8,045
Acquisition of CEM Business (note 18)	90,712
Acquisition of ANX (note 18)	65,237
Balance as of June 30, 2016	2,325,586
Acquisition of Recommind (note 18)	91,405
Acquisition of CCM Business (note 18)	173,198
Acquisition of ECD Business (note 18)	825,142
Adjustments relating to acquisitions prior to Fiscal 2017 (note 18)	(3,334		)
Adjustments on account of foreign exchange	4,752
Balance as of June 30, 2017	$	3,416,749