GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Mar. 31, 2026

Goodwill and Intangible Assets Disclosure [Abstract]

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 ended March 31, 2026, including amounts capitalized related to internally-developed software, are 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.