We considered uncertainties including the ransomware incident discussed in Note 18 and COVID-19 as part of our determination as to whether any triggering events occurred during the quarter ended March 31, 2022, which would indicate an impairment of goodwill is more likely than not. Based on our assessment, there were no triggering events identified that would have an adverse impact on our business; and therefore, no impairment was identified for our goodwill as of March 31, 2022.

As additional facts and circumstances evolve, we continue to observe and assess our reporting units particularly as a direct consequence of the circumstances surrounding COVID-19. To the extent new information becomes available that impacts our results of operations and financial condition, we expect to revise our projections accordingly as our estimates of future net after-tax cash flows are highly dependent upon certain assumptions, including, but not limited to, the amount and timing of the economic recovery globally and nationally.

Furthermore, the evaluation of impairment of goodwill requires the use of estimates about future operating results. Changes in forecasted operations can materially affect these estimates, which could materially affect our results of operations and financial condition. The estimates of expected future cash flows require significant judgment and are based on assumptions we determined to be reasonable; however, they are unpredictable and inherently uncertain, including, estimates of future growth rates, operating margins and assumptions about the overall economic climate as well as the competitive environment within which we operate. There can be no assurance that our estimates and assumptions made for purposes of our impairment assessments as of the time of evaluation will prove to be accurate predictions of the future, especially in light of the uncertainty surrounding the COVID-19 pandemic. If our assumptions regarding business plans, competitive environments, or anticipated growth rates are not correct, we may be required to record non-cash impairment charges in future periods, whether in connection with our normal review procedures periodically, or earlier, if an indicator of an impairment is present prior to such evaluation.

Intangible assets consisted of the following as of March 31, 2022 and June 30, 2021, respectively:


	March 31, 2022
(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer related	7.3 years	$	115,766	$	(77,073	)	$	38,693
Trade names and trademarks	8.2 years		16,690		(7,146	)		9,544
Developed technology	4.7 years		4,091		(273	)		3,818
Covenants not to compete	2.8 years		1,433		(1,122	)		311

		$	137,980	$	(85,614	)	$	52,366


	June 30, 2021
(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer related	4.2 years	$	102,713	$	(70,490	)	$	32,223
Trade names and trademarks	8.6 years		15,119		(6,349	)		8,770
Covenants not to compete	3.4 years		1,433		(1,022	)		411

		$	119,265	$	(77,861	)	$	41,404

Total amortization expense amounted to $2,775 and $7,900 for the three and nine months ended March 31, 2022, respectively and $2,523 and $7,598 for the three and nine months ended March 31, 2021, respectively. Future amortization expense for each of the next five fiscal years ending June 30 are as follows:


(In thousands)
2022 (remaining)	$	2,745
2023		10,945
2024		10,569
2025		8,578
2026		3,794
Thereafter		15,735

Total	$	52,366