GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5: GOODWILL AND INTANGIBLE ASSETS

Changes in the carrying amount of goodwill for the three months ended September 30, 2025 are as follows:


(in 000s)
	Goodwill		Accumulated Impairment Losses		Net
Balances as of July 1, 2025	$	940,350	$	(138,297)	$	802,053

Acquisitions(1)	1,897		—		1,897
Disposals and foreign currency changes, net	(6,211)		—		(6,211)
Impairments	—		—		—
Balances as of September 30, 2025	$	936,036	$	(138,297)	$	797,739

(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
As of September 30, 2025:
Reacquired franchise rights	$	417,736	$	(246,916)	$	170,820
Customer relationships	356,998		(292,643)		64,355
Internally-developed software	120,434		(117,622)		2,812
Noncompete agreements	23,178		(20,405)		2,773
Purchased technology	68,100		(56,899)		11,201
Trade name	5,800		(3,625)		2,175

	$	992,246	$	(738,110)	$	254,136
As of June 30, 2025:
Reacquired franchise rights	$	415,700	$	(243,330)	$	172,370
Customer relationships	354,107		(287,067)		67,040
Internally-developed software	119,959		(117,604)		2,355
Noncompete agreements	23,070		(20,188)		2,882

Purchased technology	68,100		(55,655)		12,445
Trade name	5,800		(3,480)		2,320
	$	986,736	$	(727,324)	$	259,412

We made payments to acquire businesses totaling $5.1 million and $5.9 million during the three months ended September 30, 2025 and 2024, respectively. The amounts and weighted-average lives of intangible assets acquired during the three months ended September 30, 2025, including amounts capitalized related to internally-developed software, are as follows:


(dollars in 000s)
	Amount		Weighted-Average Life (in years)
Customer relationships	$	3,043	5
Reacquired franchise rights	2,117		7
Internally-developed software	556		3
Noncompete agreements	127		5
Total	$	5,843	6

Amortization of intangible assets for the three months ended September 30, 2025 was $11.1 million compared to $12.9 million for the three months ended September 30, 2024. Estimated amortization of intangible assets for fiscal years ending June 30, 2026, 2027, 2028, 2029, and 2030 is $42.6 million, $36.1 million, $27.8 million, $19.1 million and $9.4 million, respectively.