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GOODWILL AND INTANGIBLE ASSETS | 14 Months Ended
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Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE 5: GOODWILL AND INTANGIBLE ASSETS Changes in the carrying amount of goodwill for the two months ended June 30, 2021 are as follows:
(in 000s) |
|  | Goodwill |  | Accumulated Impairment Losses |  | Net |
Balances as of May 1, 2021 |  | $ | 895,956 |  |  | $ | (138,297) |  |  | $ | 757,659 |  |
Acquisitions |  | 166 |  |  | — |  |  | 166 |  |
Disposals and foreign currency changes, net |  | (3,304) |  |  | — |  |  | (3,304) |  |
Impairments |  | — |  |  | — |  |  | — |  |
Balances as of June 30, 2021 |  | $ | 892,818 |  |  | $ | (138,297) |  |  | $ | 754,521 |  |
We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value. Components of intangible assets are as follows:
(in 000s)
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
As of June 30, 2021: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 370,405 |  |  | $ | (182,366) |  |  | $ | 188,039 |
Customer relationships |  | 316,547 |  |  | (255,294) |  |  | 61,253 |
Internally-developed software |  | 160,315 |  |  | (119,460) |  |  | 40,855 |
Noncompete agreements |  | 41,228 |  |  | (35,802) |  |  | 5,426 |
Franchise agreements |  | 19,201 |  |  | (16,108) |  |  | 3,093 |
Purchased technology |  | 122,700 |  |  | (74,913) |  |  | 47,787 |
Trade name |  | 5,800 |  |  | (1,160) |  |  | 4,640 |
|  | $ | 1,036,196 |  |  | $ | (685,103) |  |  | $ | 351,093 |
As of April 30, 2021: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 370,112 |  |  | $ | (179,356) |  |  | $ | 190,756 |
Customer relationships |  | 316,508 |  |  | (251,160) |  |  | 65,348 |
Internally-developed software |  | 156,308 |  |  | (116,126) |  |  | 40,182 |
Noncompete agreements |  | 41,212 |  |  | (35,484) |  |  | 5,728 |
Franchise agreements |  | 19,201 |  |  | (15,894) |  |  | 3,307 |
Purchased technology |  | 122,700 |  |  | (72,609) |  |  | 50,091 |
Trade name |  | 5,800 |  |  | (1,064) |  |  | 4,736 |
|  | $ | 1,031,841 |  |  | $ | (671,693) |  |  | $ | 360,148 |
We made payments to acquire businesses totaling $0.8 million during the two months ended June 30, 2021. We made no payments to acquire business in the two months ended June 30, 2020. The amounts and weighted- average lives of intangible assets acquired during the two months e nded June 30, 2021, including amounts capitalized related to internally-developed software, a re as follows:
(dollars in 000s)
|  | Amount |  | Weighted-Average life (in years)
Internally-developed software |  | $ | 4,051 |  |  | 3
Customer relationships |  | 514 |  |  | 5
Reacquired franchise rights |  | 200 |  |  | 7
Noncompete agreements |  | 24 |  |  | 5
Total |  | $ | 4,789 |  |  | 3
Amortization of intangible assets for the two months ended June 30, 2021 was $13.8 million compared to $14.2 million for the two months ended June 30, 2020. Estimated amortization of intangible assets for fiscal years ending June 30, 2022, 2023, 2024, 2025 and 2026 is $72.3 million, $55.0 million, $35.6 million, $18.1 million and $12.7 million, respectively.

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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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