XML 25 R15.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Goodwill And Intangible Assets, Net | 3 Months Ended
--- | ---
Sep. 30, 2022
Goodwill And Intangible Assets, Net [Abstract] |
Goodwill And Intangible Assets, Net | 6.Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2022:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross value |  |  | Accumulated impairment |  |  | Carrying value |
|  | Balance as of June 30, 2022 |  | $ | 175,476 |  | $ | (12,819) |  | $ | 162,657 |
|  |  | Foreign currency adjustment (1) |  |  | (16,162) |  |  | 672 |  |  | (15,490) |
|  |  |  | Balance as of September 30, 2022 |  | $ | 159,314 |  | $ | (12,147) |  | $ | 147,167 |
(1) – The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar on the carrying value. Goodwill has been allocated to the Company’s reportable segments as follows:
|  |  |  |  |  | Consumer |  | Merchant |  | Other |  | Carrying value
|  | Balance as of June 30, 2022 |  | $ | - |  | $ | 162,000 |  | $ | 657 |  | $ | 162,657
|  |  | Foreign currency adjustment (1) |  |  | - |  |  | (15,490) |  |  | - |  |  | (15,490)
|  |  |  | Balance as of September 30, 2022 |  | $ | - |  | $ | 146,510 |  | $ | 657 |  | $ | 147,167
(1) The foreign currency adjustment represents the effects of the fluctuations of the South African rand against the U.S. dollar on the carrying value. 6.Goodwill and intangible assets, net (continued) Intangible assets, net Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of intangible assets as of September 30, 2022, and June 30, 2022:
|  |  |  |  | As of September 30, 2022 |  | As of June 30, 2022 |
|  |  |  |  |  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |  |  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |
| Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Customer relationships | $ | 26,123 |  | $ | (10,545) |  | $ | 15,578 |  | $ | 26,937 |  | $ | (9,140) |  | $ | 17,797 |
|  | Software, integrated platform and unpatented technology |  | 115,566 |  |  | (5,662) |  |  | 109,904 |  |  | 127,785 |  |  | (3,075) |  |  | 124,710 |
|  | FTS patent |  | 2,127 |  |  | (2,127) |  |  | - |  |  | 2,352 |  |  | (2,352) |  |  | - |
|  | Brands and trademarks |  | 14,487 |  |  | (1,985) |  |  | 12,502 |  |  | 16,018 |  |  | (1,823) |  |  | 14,195 |
|  | Total finite-lived intangible assets | $ | 158,303 |  | $ | (20,319) |  | $ | 137,984 |  | $ | 173,092 |  | $ | (16,390) |  | $ | 156,702 |
Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2022 and 2021, was approximately $4.0 million and $0.1 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 2022, 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 2023 (nine months ended June 30, 2023) |  | $ | 11,202 |
| Fiscal 2024 |  |  | 14,938 |
| Fiscal 2025 |  |  | 14,938 |
| Fiscal 2026 |  |  | 14,938 |
| Fiscal 2027 |  |  | 14,881 |
| Thereafter |  |  | 67,087 |
|  | Total future estimated annual amortization expense |  |  |  |  |  |  |  |  | $ | 137,984 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration