XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.25.2

Goodwill And Intangible Assets, Net | 9 Months Ended
--- | ---
Mar. 31, 2025
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 nine months ended March 31, 2025: Gross value Accumulated impairment Carrying value Balance as of June 30, 2024 $ 157,899 $ (19,348) $ 138,551 Acquisitions (Note 2) (1) 76,590 - 76,590 Foreign currency adjustment (2) (5,430) 125 (5,305) Balance as of March 31, 2025 $ 229,059 $ (19,223) $ 209,836 (1) – Represents goodwill arising from the acquisition of Adumo, Recharger, IVAS Namibia and Master Fuel and translated at the foreign exchange rates applicable on the date the transactions became effective. This goodwill has been allocated to the Merchant (a portion Adumo, IVAS Namibia and Master Fuel), Consumer (a portion of Adumo) and Enterprise (Recharger) reportable operating segments. (2) – 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 associated with the acquisitions represents the excess of cost over the fair value of acquired net assets. Goodwill arising from these acquisitions is not deductible for tax purposes. See Note 2 for the allocation of the purchase price to the fair value of acquired net assets. Goodwill has been allocated to the Company’s reportable segments as follows: Merchant Consumer Enterprise Carrying value Balance as of June 30, 2024 $ 123,396 $ - $ 15,155 $ 138,551 Acquisitions (Note 2) 64,795 8,703 3,092 76,590 Foreign currency adjustment (1) (4,513) (481) (311) (5,305) Balance as of March 31, 2025 $ 183,678 $ 8,222 $ 17,936 $ 209,836 (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, 2025, and June 30, 2024: As of March 31, 2025 As of June 30, 2024 Gross carrying value Accumulated amortization Net carrying value Gross carrying value Accumulated amortization Net carrying value Finite-lived intangible assets: Customer relationships (1) $ 51,221 $ (16,445) $ 34,776 $ 25,880 $ (14,030) $ 11,850 Software, integrated platform and unpatented technology (1) 130,581 (35,449) 95,132 115,213 (25,763) 89,450 FTS patent 2,088 (2,088) - 2,107 (2,107) - Brands and trademarks (1) 17,641 (5,391) 12,250 14,353 (4,300) 10,053 Total finite-lived intangible assets $ 201,531 $ (59,373) $ 142,158 $ 157,553 $ (46,200) $ 111,353 (1) March 31, 2025 balances include the intangible assets acquired as part of the Adumo acquisition in October 2024, and the Recharger and Genisus Risk acquisitions in March 2025. 7. Goodwill and intangible assets, net (continued) Intangible assets, net (continued) Aggregate amortization expense on the finite-lived intangible assets for the three months ended March 31, 2025 and 2024, was $ 5.1 million and $ 3.6 million, respectively. Aggregate amortization expense on the finite-lived intangible assets for the nine months ended March 31, 2025 and 2024, was $ 13.9 million and $ 10.8 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on March 31, 2025, 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 2025 (excluding nine months ended March 31, 2025) $ 5,721 Fiscal 2026 22,916 Fiscal 2027 22,679 Fiscal 2028 22,254 Fiscal 2029 21,690 Thereafter 46,898 Total future estimated annual amortization expense $ 142,158

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://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration