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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Mar. 31, 2022
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 nine months ended March 31, 2022 are as follows:
(in 000s) |
|  | Goodwill |  | Accumulated Impairment Losses |  | Net |
Balances as of July 1, 2021 |  | $ | 892,818 |  |  | $ | (138,297) |  |  | $ | 754,521 |  |
Acquisitions |  | 12,667 |  |  | — |  |  | 12,667 |  |
Disposals and foreign currency changes, net |  | (2,760) |  |  | — |  |  | (2,760) |  |
Impairments |  | — |  |  | — |  |  | — |  |
Balances as of March 31, 2022 |  | $ | 902,725 |  |  | $ | (138,297) |  |  | $ | 764,428 |  |
In conjunction with our annual impairment test, we tested goodwill for impairment during the quarter and did not identify any impairment. Components of intangible assets are as follows:
(in 000s)
|  | Gross Carrying Amount |  | Accumulated Amortization |  | Net
As of March 31, 2022: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 378,257 |  |  | $ | (193,589) |  |  | $ | 184,668 |
Customer relationships |  | 328,161 |  |  | (272,947) |  |  | 55,214 |
Internally-developed software |  | 169,708 |  |  | (134,990) |  |  | 34,718 |
Noncompete agreements |  | 41,710 |  |  | (37,231) |  |  | 4,479 |
Franchise agreements |  | 19,201 |  |  | (17,068) |  |  | 2,133 |
Purchased technology |  | 122,700 |  |  | (85,281) |  |  | 37,419 |
Trade name |  | 5,800 |  |  | (1,595) |  |  | 4,205 |
|  | $ | 1,065,537 |  |  | $ | (742,701) |  |  | $ | 322,836 |
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 |
We made payments to acquire businesses totaling $25.5 million and $15.5 million during the nine months ended March 31, 2022 and 2021, respectively. The amounts and weighted-average lives of intangible assets acquired during the nine months e nded March 31, 2022, including amounts capitalized related to internally-developed software, a re as follows:
(dollars in 000s)
|  | Amount |  | Weighted-Average Life (in years)
Internally-developed software |  | $ | 9,427 |  |  | 3
Customer relationships |  | 13,029 |  |  | 5
Reacquired franchise rights |  | 8,130 |  |  | 5
Noncompete agreements |  | 496 |  |  | 5
Total |  | $ | 31,082 |  |  | 4
Amortization of intangible assets for the three and nine months ended March 31, 2022 was $19.5 million and $58.7 million, respectively, compared to $20.7 million and $62.1 million for the three and nine months ended March 31, 2021, respectively. Estimated amortization of intangible assets for fiscal years ending June 30, 2022, 2023, 2024, 2025 and 2026 is $77.3 million, $64.2 million, $44.6 million, $23.9 million and $16.3 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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