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GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS
(9) GOODWILL AND INTANGIBLE ASSETS
Goodwill
At June 30, 2022 and 2021, the Company had goodwill balances recorded at Supply Chain Services and Performance Services of $388.5 million and $611.4 million, respectively.
Intangible Assets, Net
Intangible assets, net consisted of the following (in thousands):
June 30,
Useful Life20222021
Member relationships14.7 years$386,100 $386,100 
Technology7.2 years98,017 186,017 
Customer relationships10.4 years47,830 70,830 
Trade names6.9 years17,210 24,610 
Non-compete agreements5.2 years17,315 11,315 
Other (a)
10.2 years7,682 7,682 
Total intangible assets574,154 686,554 
Accumulated amortization(217,582)(289,912)
Total intangible assets, net$356,572 $396,642 
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(a)Includes a $1.0 million indefinite-lived asset.
The net carrying value of intangible assets by segment was as follows (in thousands):
June 30,
20222021
Supply Chain Services$301,611 $334,038 
Performance Services (a)
54,961 62,604 
Total intangible assets, net$356,572 $396,642 
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(a)Includes a $1.0 million indefinite-lived asset that was acquired through the HDP acquisition.
The Company reviews the carrying value of definite-lived intangible assets subject to amortization for impairment whenever events and circumstances indicate that the carrying value of the intangible asset subject to amortization may not be recoverable. During the year ended June 30, 2022, the carrying value of $4.4 million in customer relationships and $1.7 million in trade names in the Performance Services segment were not recoverable and the Company recorded an impairment on assets of $6.1 million in the accompanying Consolidated Statements of Income and Comprehensive Income. During the years ended June 30, 2021 and 2020, no impairment of assets was recorded in the accompanying Consolidated Statements of Income and Comprehensive Income.
Intangible asset amortization expense was $43.9 million, $44.8 million and $55.5 million for the years ended June 30, 2022, 2021 and 2020, respectively.
The estimated amortization expense for each of the next five fiscal years and thereafter is as follows (in thousands):
2023$40,714 
202439,543 
202538,135 
202636,920 
202734,268 
Thereafter165,992 
Total amortization expense$355,572