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Goodwill And Intangible Assets, Net | 6 Months Ended
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Dec. 31, 2023
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 six months ended December 31, 2023: Gross value Accumulated impairment Carrying value Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 Foreign currency adjustment (1) 4,308 (385) 3,923 Balance as of December 31, 2023 $ 156,927 $ (19,261) $ 137,666 (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 Carrying value Balance as of June 30, 2023 $ - $ 133,743 $ 133,743 Foreign currency adjustment (1) - 3,923 3,923 Balance as of December 31, 2023 $ - $ 137,666 $ 137,666 (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. Intangible assets, net Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of intangible assets as of December 31, 2023, and June 30, 2023: As of December 31, 2023 As of June 30, 2023 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships $ 25,715 $ (12,924) $ 12,791 $ 24,978 $ (11,565) $ 13,413 Software, integrated platform and unpatented technology 114,360 (19,849) 94,511 110,906 (13,711) 97,195 FTS patent 2,094 (2,094) - 2,034 (2,034) - Brands and trademarks 14,260 (3,609) 10,651 13,852 (2,863) 10,989 Total finite-lived intangible assets $ 156,429 $ (38,476) $ 117,953 $ 151,770 $ (30,173) $ 121,597 Aggregate amortization expense on the finite-lived intangible assets for the three months ended December 31, 2023 and 2022, was $ 3.6 million and $ 3.9 million, respectively. Aggregate amortization expense on the finite-lived intangible assets for the six months ended December 31, 2023 and 2022, was $ 7.2 million and $ 7.8 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on December 31, 2023, 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 2024 (six months ended December 31, 2023) $ 7,409 Fiscal 2025 14,824 Fiscal 2026 14,825 Fiscal 2027 14,768 Fiscal 2028 14,736 Thereafter 51,391 Total future estimated annual amortization expense $ 117,953

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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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