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Goodwill And Intangible Assets, Net | 3 Months Ended
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Sep. 30, 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 three months ended September 30, 2024: Gross value Accumulated impairment Carrying value Balance as of June 30, 2024 $ 157,899 $ (19,348) $ 138,551 Foreign currency adjustment (1) 8,816 (790) 8,026 Balance as of September 30, 2024 $ 166,715 $ (20,138) $ 146,577 (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) Goodwill (continued) Goodwill has been allocated to the Company’s reportable segments as follows: Consumer Merchant Carrying value Balance as of June 30, 2024 $ - $ 138,551 $ 138,551 Foreign currency adjustment (1) - 8,026 8,026 Balance as of September 30, 2024 $ - $ 146,577 $ 146,577 (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 September 30, 2024, and June 30, 2024: As of September 30, 2024 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 $ 27,388 $ (15,390) $ 11,998 $ 25,880 $ (14,030) $ 11,850 Software, integrated platform and unpatented technology 122,099 (30,331) 91,768 115,213 (25,763) 89,450 FTS patent 2,230 (2,230) - 2,107 (2,107) - Brands and trademarks 15,188 (4,902) 10,286 14,353 (4,300) 10,053 Total finite-lived intangible assets $ 166,905 $ (52,853) $ 114,052 $ 157,553 $ (46,200) $ 111,353 Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2024 and 2023, was $ 3.8 million and $ 3.6 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 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 2025 (excluding three months ended September 30, 2024) $ 11,888 Fiscal 2026 15,850 Fiscal 2027 15,790 Fiscal 2028 15,790 Fiscal 2029 15,602 Thereafter 39,132 Total future estimated annual amortization expense $ 114,052

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- 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
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