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Goodwill And Intangible Assets, Net | 3 Months Ended
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Sep. 30, 2019
Goodwill And Intangible Assets, Net [Abstract] |
Goodwill And Intangible Assets, Net | 7. Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2019:
|  | Gross |  |  | Accumulated |  |  | Carrying |
|  | value |  |  | impairment |  |  | value |
Balance as of June 30, 2019 | $ | 184,544 |  | $ | (35,157 | ) | $ | 149,387 |
Foreign currency adjustment(1) |  | (6,880 | ) |  | 293 |  |  | (6,587 | )
Balance as of September 30, 2019 | $ | 177,664 |  | $ | (34,864 | ) | $ | 142,800 |
(1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value. Goodwill has been allocated to the Company's reportable segments as follows:
|  | South |  |  |  |  |  | Financial |  |  |  |
|  | African |  |  | International |  |  | inclusion and |  |  |  |
|  | transaction |  |  | transaction |  |  | applied |  |  | Carrying |
|  | processing |  |  | processing |  |  | technologies |  |  | value |
Balance as of June 30, 2019 | $ | 19,208 |  | $ | 112,728 |  | $ | 17,451 |  | $ | 149,387 |
Foreign currency adjustment(1) |  | (1,365 | ) |  | (3,981 | ) |  | (1,241 | ) |  | (6,587 | )
Balance as of September 30, 2019 | $ | 17,843 |  | $ | 108,747 |  | $ | 16,210 |  | $ | 142,800 |
(1) – the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value. Intangible assets Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of the intangible assets as of September 30, 2019 and June 30, 2019:
|  | As of September 30, 2019 |  | As of June 30, 2019
|  | Gross |  |  |  |  | Net |  | Gross |  |  |  |  | Net
|  | carrying |  | Accumulated |  |  | carrying |  | carrying |  | Accumulated |  |  | carrying
|  | value |  | amortization |  |  | value |  | value |  | amortization |  |  | value
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 93,099 | $ | (84,972 | ) | $ | 8,127 | $ | 96,653 | ($ | 86,285 | ) | $ | 10,368
Software and unpatented technology |  | 30,840 |  | (30,607 | ) |  | 233 |  | 32,071 |  | (31,829 | ) |  | 242
FTS patent |  | 2,527 |  | (2,527 | ) |  | - |  | 2,721 |  | (2,721 | ) |  | -
Trademarks and brands |  | 6,502 |  | (6,042 | ) |  | 460 |  | 6,772 |  | (6,265 | ) |  | 507
Total finite-lived intangible assets |  | 132,968 |  | (124,148 | ) |  | 8,820 |  | 138,217 |  | (127,100 | ) |  | 11,117
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial institution license |  | 741 |  | - |  |  | 741 |  | 772 |  | - |  |  | 772
Total indefinite-lived intangible assets |  | 741 |  | - |  |  | 741 |  | 772 |  | - |  |  | 772
Total intangible assets | $ | 133,709 | $ | (124,148 | ) | $ | 9,561 | $ | 138,989 | ($ | 127,100 | ) | $ | 11,889
Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2019 and 2018, was approximately $1.9 million and $6.0 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 2019, is presented in the table below. Actual amortization expense in future periods could differ from this estimate as a result of acquisitions, changes in useful lives, exchange rate fluctuations and other relevant factors.
Fiscal 2020 | $ | 7,657
Fiscal 2021 |  | 2,691
Fiscal 2022 |  | 67
Fiscal 2023 |  | 66
Fiscal 2024 |  | 66
Thereafter |  | 135
Total future estimated annual amortization expense | $ | 10,682

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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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