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GOODWILL AND INTANGIBLE ASSETS | 9 Months Ended
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Mar. 31, 2025
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, 2025 are as follows:
(in 000s) |
|  | Goodwill |  | Accumulated Impairment Losses |  | Net |
Balances as of July 1, 2024 |  | $ | 923,523 |  |  | $ | (138,297) |  |  | $ | 785,226 |  |
Acquisitions(1) |  | 15,374 |  |  | — |  |  | 15,374 |  |
Disposals and foreign currency changes, net |  | (14,664) |  |  | — |  |  | (14,664) |  |
Impairments |  | — |  |  | — |  |  | — |  |
Balances as of March 31, 2025 |  | $ | 924,233 |  |  | $ | (138,297) |  |  | $ | 785,936 |  |
(1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting. 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, 2025: |  |  |  |  |  |
Reacquired franchise rights |  | $ | 415,419 |  |  | $ | (239,452) |  |  | $ | 175,967 |
Customer relationships |  | 358,442 |  |  | (286,040) |  |  | 72,402 |
Internally-developed software |  | 124,420 |  |  | (122,357) |  |  | 2,063 |
Noncompete agreements |  | 23,190 |  |  | (20,081) |  |  | 3,109 |
Purchased technology |  | 70,100 |  |  | (56,099) |  |  | 14,001 |
Trade name |  | 5,800 |  |  | (3,335) |  |  | 2,465 |
|  | $ | 997,371 |  |  | $ | (727,364) |  |  | $ | 270,007 |
As of 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 |
We made payments to acquire businesses totaling $35.3 million and $43.2 million during the nine months ended March 31, 2025 and 2024, respectively. The amounts and weighted-average lives of intangible assets acquired during the nine months e nded March 31, 2025, including amounts capitalized related to internally-developed software, a re as follows:
(dollars in 000s)
|  | Amount |  | Weighted-Average Life (in years)
Customer relationships |  | $ | 27,435 |  |  | 5
Reacquired franchise rights |  | 11,649 |  |  | 6
Internally-developed software |  | 1,949 |  |  | 3
Noncompete agreements |  | 1,254 |  |  | 5
Total |  | $ | 42,287 |  |  | 5
Amortization of intangible assets for the three and nine months ended March 31, 2025 was $11.3 million and $36.3 million, respectively, compared to $15.0 million and $46.2 million for the three and nine months ended March 31, 2024, respectively. Estimated amortization of intangible assets for fiscal years ending June 30, 2025, 2026, 2027, 2028, and 2029 is $47.6 million, $41.5 million, $34.7 million, $26.5 million and $18.1 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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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