10-Q – 2026-02-05 – R13.htm

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GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]
 

GOODWILL AND INTANGIBLE ASSETS
NOTE 5: GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill for the six months ended December 31, 2025 are as follows:

(in 000s)
Goodwill Accumulated Impairment Losses Net
Balances as of July 1, 2025 $ 940,350   $ (138,297) $ 802,053  

Acquisitions (1)
15,720   —   15,720  
Disposals and foreign currency changes, net (2,155) —   (2,155)
Impairments —   —   —  
Balances as of December 31, 2025 $ 953,915   $ (138,297) $ 815,618  

(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
As of December 31, 2025:
Reacquired franchise rights $ 429,290   $ (250,627) $ 178,663  
Customer relationships 372,444   (298,667) 73,777  
Internally-developed software 121,282   (117,768) 3,514  
Noncompete agreements 23,774   (20,660) 3,114  
Purchased technology 68,100   (58,144) 9,956  
Trade name 5,800   (3,770) 2,030  

$ 1,020,690   $ (749,636) $ 271,054  
As of 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 

We made payments to acquire businesses totaling $35.4 million and $28.0 million during the six months ended December 31, 2025 and 2024, respectively. The amounts and weighted-average lives of intangible assets acquired during the six months e nded December 31, 2025, including amounts capitalized related to internally-developed software, a re as follows:

(dollars in 000s)
Amount Weighted-Average Life (in years)
Customer relationships $ 18,426   5
Reacquired franchise rights 13,669   6
Internally-developed software 1,348   3
Noncompete agreements 712   5
Total $ 34,155   5

Amortization of intangible assets for the three and six months ended December 31, 2025 was $11.3 million and $22.4 million respectively, compared to $12.1 million and $25.0 million for the three and six months ended December 31, 2024. Estimated amortization of intangible assets for fiscal years ending June 30, 2026, 2027, 2028, 2029, and 2030 is $47.3 million, $45.0 million, $36.6 million, $27.7 million and $17.8 million, respectively.

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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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