10-K – 2025-08-15 – R15.htm

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Goodwill And Intangible Assets

12 Months Ended

Jun. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]
 

Goodwill And Intangible Assets
NOTE 6: GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the periods ended June 30, 2025 and 2024 are as follows:

(in 000s)
Goodwill Accumulated Impairment Losses Net

Balances as of July 1, 2023 $ 913,750  $ (138,297) $ 775,453 
Acquisitions (1)
19,086  —  19,086 
Disposals and foreign currency changes, net (9,313) —  (9,313)
Impairments —  —  — 
Balances as of June 30, 2024 923,523  (138,297) 785,226 
Acquisitions (1)
15,579   —   15,579  
Disposals and foreign currency changes, net 1,248   —   1,248  
Impairments —   —   —  
Balances as of June 30, 2025 $ 940,350   $ (138,297) $ 802,053  

(1) All goodwill added during the period is expected to be tax-deductible for federal income tax reporting.
We test goodwill for impairment annually as of February 1, or more frequently if events occur or circumstances change which would, more likely than not, reduce the fair value of a reporting unit below its carrying value.
Components of intangible assets are as follows:

(in 000s)
Gross
Carrying
Amount Accumulated
Amortization Net
June 30, 2025:

Reacquired franchise rights $ 415,700   $ (243,330) $ 172,370  
Customer relationships 354,107   (287,067) 67,040  
Internally-developed software 119,959   (117,604) 2,355  
Noncompete agreements 23,070   (20,188) 2,882  

Purchased technology 68,100   (55,655) 12,445  
Trade name 5,800   (3,480) 2,320  
$ 986,736   $ (727,324) $ 259,412  
June 30, 2024:

Reacquired franchise rights $ 403,955  $ (228,157) $ 175,798 
Customer relationships 331,435  (270,245) 61,190 
Internally-developed software 122,673  (119,610) 3,063 
Noncompete agreements 21,977  (19,494) 2,483 

Purchased technology 70,100  (51,432) 18,668 
Trade name 5,800  (2,900) 2,900 
$ 955,940  $ (691,838) $ 264,102 

Amortization of intangible assets from continuing operations for the fiscal years ended June 30, 2025, 2024 and 2023 was $47.7 million, $61.1 million and $72.0 million, respectively. Estimated amortization of intangible assets for fiscal years 2026, 2027, 2028, 2029 and 2030 is $42.0 million, $35.3 million, $27.0 million, $18.4 million and $8.8 million, respectively.
We made payments to acquire businesses totaling $35.5 million, $43.4 million and $48.2 million during the fiscal years ended June 30, 2025, 2024 and 2023, respectively. The amounts and weighted-average lives of assets acquired during fiscal year 2025, including amounts capitalized related to internally-developed software, are as follows:

(dollars in 000s)
Amount Weighted-Average Life (in years)

Customer relationships $ 27,712   5
Reacquired franchise rights 11,738   6
Internally-developed software 2,305   3
Noncompete agreements 1,259   5
Total $ 43,014   5

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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

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