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GOODWILL AND OTHER INTANGIBLE ASSETS | 9 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill The following table provides changes in the carrying value of goodwill by reportable segment:
| North America |  | International |  | Total
Balance as of June 30, 2022 | $ | 695,715 |  |  | $ | 238,081 |  |  | $ | 933,796 |
Acquisition(1) | (794) |  |  | — |  |  | (794) |
Divestiture(2) | (3,054) |  |  | — |  |  | (3,054) |
Translation and other adjustments, net | 4,364 |  |  | (2,583) |  |  | 1,781 |
Balance as of March 31, 2023 | $ | 696,231 |  |  | $ | 235,498 |  |  | $ | 931,729 |
(1) During the nine months ended March 31, 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4, Acquisition and Disposition. (2) During the nine months ended March 31, 2023, the Company completed the divestiture of Westbrae, a component of the United States reporting unit. Goodwill of $3,054 was assigned to the divested businesses on a relative fair value basis. As a result of the same factors triggering the interim impairment tests for the ParmCrisps® and Thinsters® trademarks and other intangible assets discussed below, the Company completed an interim impairment test of goodwill in the U.S. reporting unit during the three months ended March 31, 2023 and concluded that the reporting unit’s estimated fair value exceeded its carrying amount. The fair value of the reporting unit was estimated using an income approach that utilized a discounted cash flow model. Other Intangible Assets The following table includes the gross carrying amount and accumulated amortization, where applicable, for intangible assets, excluding goodwill:
| March 31, 2023 |  | June 30, 2022
Non-amortized intangible assets: |  |  |
Trademarks and tradenames(1) | $ | 266,445 |  |  | $ | 379,466 |
Amortized intangible assets: |  |  |
Other intangibles(2) | 159,027 |  |  | 199,448 |
Less: Accumulated amortization | (110,936) |  |  | (101,381) |
Net amortized intangible assets | 48,091 |  |  | 98,067 |
Net other intangible assets | $ | 314,536 |  |  | $ | 477,533 |
(1) The gross carrying value of trademarks and trade names is reflected net of $205,373 and $94,873 of accumulated impairment charges as of March 31, 2023 and June 30, 2022, respectively. (2) The reduction in carrying value of other intangible assets as of March 31, 2023 reflected a non-cash impairment charge of $45,798 recognized in the third quarter of 2023. During the three months ended March 31, 2023, as a result of a decline in actual and projected performance and cash flows of the ParmCrisps® and Thinsters® brands, the Company determined that interim impairment tests of these indefinite-lived trademarks were required to be performed. During the three months ended March 31, 2023, the Company recorded non-cash impairment charges of $102,000 and $8,500 for the ParmCrisps® and Thinsters® trademarks, respectively, to reduce the carrying value of such intangible assets to their estimated fair value. The fair value was determined using the relief from royalty method, and impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. The assets are part of the North America reportable segment and have a remaining aggregate carrying value of $12,500 as of March 31, 2023. As a result of the same factors triggering the interim impairment tests for the ParmCrisps® and Thinsters® trademarks discussed above, the Company completed interim impairment tests of the ParmCrisps® and Thinsters® asset groups, which were primarily comprised of amortizable customer relationships. The Company determined that the ParmCrisps® asset group’s carrying amount exceeded the estimated fair value. During the three months ended March 31, 2023, the Company recorded non-cash impairment charges of $45,798 to reduce the carrying value of the ParmCrisps® customer relationships, the primary asset in the asset group, to their estimated fair value. Impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. The fair value of the Thinsters® asset group exceeded its carrying amount. The assets are part of the North America reportable segment and have a remaining aggregate carrying value of $19,767 as of March 31, 2023. Amortized intangible assets, which are deemed to have a finite life, primarily consist of customer relationships, trademarks and tradenames and are amortized over their estimated useful lives of 7 to 25 years. Amortization expense included in the Consolidated Statements of Operations was as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2023 |  | 2022 |  | 2023 |  | 2022
Amortization of acquired intangibles | $ | 2,842 |  |  | $ | 3,110 |  |  | $ | 8,415 |  |  | $ | 7,255 |
Expected amortization expense over the next five fiscal years is as follows:
| Fiscal Year Ending June 30,
| 2023 (remainder of year) |  | 2024 |  | 2025 |  | 2026 |  | 2027
Estimated amortization expense | $ | 2,036 |  |  | $ | 6,298 |  |  | $ | 5,245 |  |  | $ | 4,762 |  |  | $ | 4,073 |
The weighted average remaining amortization period of amortized intangible assets is 8.4 years.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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