10-Q – 2026-05-06 – R13.htm

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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2026

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 nine months ended March 31, 2026 are as follows:

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

Acquisitions (1)
19,055   —   19,055  
Disposals and foreign currency changes, net (5,488) —   (5,488)
Impairments —   —   —  
Balances as of March 31, 2026 $ 953,917   $ (138,297) $ 815,620  

(1)     All goodwill added during the period is expected to be tax-deductible for federal income tax reporting.
In conjunction with our annual impairment test, we tested goodwill for impairment during the quarter and did not identify any impairment.
Components of intangible assets are as follows:

(in 000s)
Gross Carrying Amount Accumulated
Amortization Net
As of March 31, 2026:
Reacquired franchise rights $ 431,555   $ (254,474) $ 177,081  
Customer relationships 386,141   (305,246) 80,895  
Internally-developed software 121,671   (117,831) 3,840  
Noncompete agreements 24,476   (20,923) 3,553  
Purchased technology 68,100   (59,388) 8,712  
Trade name 5,800   (3,915) 1,885  

$ 1,037,743   $ (761,777) $ 275,966  
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 $55.0 million and $35.3 million during the nine months ended March 31, 2026 and 2025, respectively. The amounts and weighted-average lives of intangible assets acquired during the nine months e nded March 31, 2026, including amounts capitalized related to internally-developed software, a re as follows:

(dollars in 000s)
Amount Weighted-Average Life (in years)
Customer relationships $ 32,165   5
Reacquired franchise rights 15,975   6
Internally-developed software 1,770   3
Noncompete agreements 1,437   5
Total $ 51,347   5

Amortization of intangible assets for the three and nine months ended March 31, 2026 was $12.3 million and $34.7 million respectively, compared to $11.3 million and $36.3 million for the three and nine months ended March 31, 2025. Estimated amortization of intangible assets for fiscal years ending June 30, 2026, 2027, 2028, 2029, and 2030 is $47.2 million, $44.9 million, $36.5 million, $27.6 million and $17.6 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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