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GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Mar. 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 nine months ended March 31, 2025 are as follows:

(in 000s)
Goodwill Accumulated Impairment Losses Net
Balances as of July 1, 2024 $ 923,523   $ (138,297) $ 785,226  

Acquisitions (1)
15,374   —   15,374  
Disposals and foreign currency changes, net (14,664) —   (14,664)
Impairments —   —   —  
Balances as of March 31, 2025 $ 924,233   $ (138,297) $ 785,936  

(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, 2025:
Reacquired franchise rights $ 415,419   $ (239,452) $ 175,967  
Customer relationships 358,442   (286,040) 72,402  
Internally-developed software 124,420   (122,357) 2,063  
Noncompete agreements 23,190   (20,081) 3,109  
Purchased technology 70,100   (56,099) 14,001  
Trade name 5,800   (3,335) 2,465  

$ 997,371   $ (727,364) $ 270,007  
As of 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 

We made payments to acquire businesses totaling $35.3 million and $43.2 million during the nine months ended March 31, 2025 and 2024, respectively. The amounts and weighted-average lives of intangible assets acquired during the nine months e nded March 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 $ 27,435   5
Reacquired franchise rights 11,649   6
Internally-developed software 1,949   3
Noncompete agreements 1,254   5
Total $ 42,287   5

Amortization of intangible assets for the three and nine months ended March 31, 2025 was $11.3 million and $36.3 million, respectively, compared to $15.0 million and $46.2 million for the three and nine months ended March 31, 2024, respectively. Estimated amortization of intangible assets for fiscal years ending June 30, 2025, 2026, 2027, 2028, and 2029 is $47.6 million, $41.5 million, $34.7 million, $26.5 million and $18.1 million, respectively.

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- Definition The entire disclosure for goodwill and intangible assets.

+ References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 350
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//350/tableOfContent

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