XML
24
R13.htm
IDEA: XBRL DOCUMENT

v3.25.0.1

GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Dec. 31, 2024

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, 2024 are as follows:

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

Acquisitions (1)
12,761   —   12,761  
Disposals and foreign currency changes, net (14,701) —   (14,701)
Impairments —   —   —  
Balances as of December 31, 2024 $ 921,583   $ (138,297) $ 783,286  

(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, 2024:
Reacquired franchise rights $ 413,752   $ (235,650) $ 178,102  
Customer relationships 350,700   (280,481) 70,219  
Internally-developed software 123,495   (122,332) 1,163  
Noncompete agreements 22,807   (19,857) 2,950  
Purchased technology 70,100   (54,543) 15,557  
Trade name 5,800   (3,190) 2,610  

$ 986,654   $ (716,053) $ 270,601  
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 $28.0 million and $27.2 million during the six months ended December 31, 2024 and 2023, respectively. The amounts and weighted-average lives of intangible assets acquired during the six months e nded December 31, 2024, including amounts capitalized related to internally-developed software, a re as follows:

(dollars in 000s)
Amount Weighted-Average Life (in years)
Customer relationships $ 19,705   5
Reacquired franchise rights 9,983   6
Internally-developed software 1,027   3
Noncompete agreements 871   5
Total $ 31,586   5

Amortization of intangible assets for the three and six months ended December 31, 2024 was $12.1 million and $25.0 million, respectively, compared to $15.4 million and $31.2 million for the three and six months ended December 31, 2023. Estimated amortization of intangible assets for fiscal years ending June 30, 2025, 2026, 2027, 2028, and 2029 is $47.0 million, $39.9 million, $33.1 million, $24.9 million and $16.5 million, respectively.

X

- References No definition available.

+ Details

Name:
us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract

Namespace Prefix:
us-gaap_

Data Type:
xbrli:stringItemType

Balance Type:
na

Period Type:
duration

X

- 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

+ Details

Name:
us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock

Namespace Prefix:
us-gaap_

Data Type:
dtr-types:textBlockItemType

Balance Type:
na

Period Type:
duration