Goodwill and Intangible Assets

12 Months Ended

Jun. 30, 2025

NOTE 7 – GOODWILL AND INTANGIBLE ASSETS

Goodwill

Changes in the carrying amount of goodwill by reporting segment is as follows:


(In thousands)	United States		Canada		Total
Balance as of June 30, 2024	$	73,304	$	19,739	$	93,043
Acquisitions		24,490		—		24,490
Foreign currency translation		—		104		104

Balance as of June 30, 2025	$	97,794	$	19,843	$	117,637

Intangible Assets

Intangible assets consist of the following:


	June 30, 2025
(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer related	9.2 years	$	150,339	$	(104,648	)	$	45,691
Trade names and trademarks	5.6 years		15,409		(13,269	)		2,140
Developed technology	1.4 years		4,091		(2,932	)		1,159
Licenses	1.7 years		764		(631	)		133

		$	170,603	$	(121,480	)	$	49,123


	June 30, 2024
(In thousands)	Weighted Average Amortization Period	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer related	8.5 years	$	125,552	$	(95,383	)	$	30,169
Trade names and trademarks	6.6 years		15,382		(12,857	)		2,525
Developed technology	2.4 years		4,091		(2,114	)		1,977
Licenses	2.7 years		760		(551	)		209
Covenants not to compete	0.6 years		1,433		(1,370	)		63

		$	147,218	$	(112,275	)	$	34,943

Amortization expense was $10,618 and $10,461 for the fiscal years ended June 30, 2025 and 2024, respectively.

Future amortization expense for each of the next five fiscal years ending June 30 are as follows: