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Goodwill And Intangible Assets, Net | 9 Months Ended
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Mar. 31, 2024
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 nine months ended March 31, 2024: Gross value Accumulated impairment Carrying value Balance as of June 30, 2023 $ 152,619 $ (18,876) $ 133,743 Foreign currency adjustment (1) (297) 27 (270) Balance as of March 31, 2024 $ 152,322 $ (18,849) $ 133,473 (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) - (270) (270) Balance as of March 31, 2024 $ - $ 133,473 $ 133,473 (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 March 31, 2024, and June 30, 2023: As of March 31, 2024 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 $ 24,927 $ (13,021) $ 11,906 $ 24,978 $ (11,565) $ 13,413 Software, integrated platform and unpatented technology 110,914 (22,026) 88,888 110,906 (13,711) 97,195 FTS patent 2,030 (2,030) - 2,034 (2,034) - Brands and trademarks 13,824 (3,820) 10,004 13,852 (2,863) 10,989 Total finite-lived intangible assets $ 151,695 $ (40,897) $ 110,798 $ 151,770 $ (30,173) $ 121,597 Aggregate amortization expense on the finite-lived intangible assets for the three months ended March 31, 2024 and 2023, was $ 3.6 million and $ 3.8 million, respectively. Aggregate amortization expense on the finite-lived intangible assets for the nine months ended March 31, 2024 and 2023, was $ 10.8 million and $ 11.6 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on March 31, 2024, 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 (three months ended March 31, 2024) $ 3,594 Fiscal 2025 14,382 Fiscal 2026 14,382 Fiscal 2027 14,327 Fiscal 2028 14,295 Thereafter 49,818 Total future estimated annual amortization expense $ 110,798

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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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