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Goodwill And Intangible Assets | 12 Months Ended
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Apr. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill And Intangible Assets | NOTE 6: GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the years ended April 30, 2021 and 2020 are as follows:
(in 000s)
|  | Goodwill |  | Accumulated Impairment Losses |  | Net
Balances as of May 1, 2019 |  | $ | 552,234 |  |  | $ | (32,297) |  |  | $ | 519,937 |
Acquisition of Wave |  | 300,560 |  |  | — |  |  | 300,560 |
Other acquisitions |  | 23,795 |  |  | — |  |  | 23,795 |
Disposals and foreign currency changes, net |  | (26,154) |  |  | — |  |  | (26,154) |
Impairments |  | — |  |  | (106,000) |  |  | (106,000) |
Balances as of April 30, 2020 |  | 850,435 |  |  | (138,297) |  |  | 712,138 |
Acquisitions |  | 6,948 |  |  | — |  |  | 6,948 |
Disposals and foreign currency changes, net |  | 38,573 |  |  | — |  |  | 38,573 |
Impairments |  | — |  |  | — |  |  | — |
Balances as of April 30, 2021 |  | $ | 895,956 |  |  | $ | (138,297) |  |  | $ | 757,659 |
We tested goodwill for impairment in the fourth quarter of fiscal year 2021, and did not identify any impairment. In fiscal year 2020, we recorded a goodwill impairment loss of $106.0 million related to Wave. Components of intangible assets are as follows:
(in 000s)
As of April 30, |  | 2021 |  | 2020
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
Reacquired franchise rights |  | $ | 370,112 |  |  | $ | (179,356) |  |  | $ | 190,756 |  |  | $ | 365,062 |  |  | $ | (159,754) |  |  | $ | 205,308 |
Customer relationships |  | 316,508 |  |  | (251,160) |  |  | 65,348 |  |  | 314,191 |  |  | (227,445) |  |  | 86,746 |
Internally-developed software |  | 156,308 |  |  | (116,126) |  |  | 40,182 |  |  | 154,083 |  |  | (113,698) |  |  | 40,385 |
Noncompete agreements |  | 41,212 |  |  | (35,484) |  |  | 5,728 |  |  | 41,072 |  |  | (33,639) |  |  | 7,433 |
Franchise agreements |  | 19,201 |  |  | (15,894) |  |  | 3,307 |  |  | 19,201 |  |  | (14,614) |  |  | 4,587 |
Purchased technology |  | 122,700 |  |  | (72,609) |  |  | 50,091 |  |  | 122,700 |  |  | (57,548) |  |  | 65,152 |
Trade name |  | 5,800 |  |  | (1,064) |  |  | 4,736 |  |  | 5,800 |  |  | (483) |  |  | 5,317 |
Acquired assets pending final allocation (1) |  | — |  |  | — |  |  | — |  |  | 48 |  |  | — |  |  | 48 |
|  | $ | 1,031,841 |  |  | $ | (671,693) |  |  | $ | 360,148 |  |  | $ | 1,022,157 |  |  | $ | (607,181) |  |  | $ | 414,976 |
(1) Represents recent business acquisitions for which final purchase price allocations have not yet been determined. Amortization of intangible assets of continuing operations for the years ended April 30, 2021, 2020 and 2019 was $83.4 million, $83.6 million and $73.2 million, respectively. Estimated amortization of intangible assets for fiscal years 2022, 2023, 2024, 2025 and 2026 is $75.4 million, $57.7 million, $38.4 million, $20.3 million and $13.3 million, respectively. We made payments to acquire businesses totaling $15.6 million, $450.2 million and $43.6 million during the fiscal years ended April 30, 2021, 2020 and 2019, respectively. The fiscal year ended April 30, 2020 included the acquisition of Wave. The amounts and weighted-average lives of assets acquired during fiscal year 2021, including amounts capitalized and placed in service related to internally-developed software, are as follows:
(dollars in 000s)
|  | Amount |  | Weighted-Average Life (in years)
Internally-developed software |  | $ | 14,919 |  |  | 3
Customer relationships |  | 8,987 |  |  | 5
Reacquired franchise rights |  | 5,941 |  |  | 5
Noncompete agreements |  | 348 |  |  | 5
Total |  | $ | 30,195 |  |  | 4

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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