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Goodwill And Intangible Assets | 12 Months Ended
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Jun. 30, 2024
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 periods ended June 30, 2024 and 2023 are as follows:
(in 000s)
|  | Goodwill |  | Accumulated Impairment Losses |  | Net
Balances as of July 1,2022 |  | $ | 898,698 |  |  | $ | (138,297) |  |  | $ | 760,401 |
Acquisitions(1) |  | 23,832 |  |  | — |  |  | 23,832 |
Disposals and foreign currency changes, net |  | (8,780) |  |  | — |  |  | (8,780) |
Impairments |  | — |  |  | — |  |  | — |
Balances as of June 30, 2023 |  | 913,750 |  |  | (138,297) |  |  | 775,453 |
Acquisitions(1) |  | 19,086 |  |  | — |  |  | 19,086 |
Disposals and foreign currency changes, net |  | (9,313) |  |  | — |  |  | (9,313) |
Impairments |  | — |  |  | — |  |  | — |
Balances as of June 30, 2024 |  | $ | 923,523 |  |  | $ | (138,297) |  |  | $ | 785,226 |
(1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting. 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
June 30, 2024: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 403,955 |  |  | $ | (228,157) |  |  | $ | 175,798 |
Customer relationships |  | 331,435 |  |  | (270,245) |  |  | 61,190 |
Internally-developed software |  | 122,673 |  |  | (119,610) |  |  | 3,063 |
Noncompete agreements |  | 21,977 |  |  | (19,494) |  |  | 2,483 |
Purchased technology |  | 70,100 |  |  | (51,432) |  |  | 18,668 |
Trade name |  | 5,800 |  |  | (2,900) |  |  | 2,900 |
|  | $ | 955,940 |  |  | $ | (691,838) |  |  | $ | 264,102 |
June 30, 2023: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 392,452 |  |  | $ | (212,495) |  |  | $ | 179,957 |
Customer relationships |  | 351,695 |  |  | (301,062) |  |  | 50,633 |
Internally-developed software |  | 133,380 |  |  | (120,054) |  |  | 13,326 |
Noncompete agreements |  | 42,596 |  |  | (39,617) |  |  | 2,979 |
Franchise agreements |  | 19,201 |  |  | (18,668) |  |  | 533 |
Purchased technology |  | 122,700 |  |  | (96,565) |  |  | 26,135 |
Trade name |  | 5,800 |  |  | (2,320) |  |  | 3,480 |
|  | $ | 1,067,824 |  |  | $ | (790,781) |  |  | $ | 277,043 |
Amortization of intangible assets from continuing operations for the fiscal years ended June 30, 2024, 2023 and 2022 was $61.1 million, $72.0 million and $77.5 million, respectively. Estimated amortization of intangible assets for fiscal years 2025, 2026, 2027, 2028 and 2029 is $43.3 million, $33.6 million, $27.0 million, $19.1 million and $11.1 million, respectively. We made payments to acquire businesses totaling $43.4 million, $48.2 million and $35.9 million during the fiscal years ended June 30, 2024, 2023 and 2022, respectively. The amounts and weighted-average lives of assets acquired during fiscal year 2024 are as follows:
(dollars in 000s)
|  | Amount |  | Weighted-Average Life (in years)
Customer relationships |  | $ | 35,040 |  |  | 5
Reacquired franchise rights |  | 11,778 |  |  | 5
Noncompete agreements |  | 1,611 |  |  | 5
Total |  | $ | 48,429 |  |  | 5

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