The changes in the carrying amount of goodwill for the years ended June 30 are as follows (in thousands):


	Domestic		International		Total
Balance at June 30, 2024	$	3,974,823	$	180,021	$	4,154,844
Goodwill acquired (1)	798,885		50,139		849,024
Foreign currency translation	(297)		18,234		17,937
Balance at June 30, 2025	4,773,411		248,394		5,021,805
Goodwill acquired (1)	1,464,476		10,057		1,474,533
Goodwill divested (2)	—		(3,666)		(3,666)
Foreign currency translation	857		(9,073)		(8,216)
Balance at June 30, 2026	$	6,238,744	$	245,712	$	6,484,456

(1) Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable.

(2) We recognized a $7.3 million gain on the divestiture of a business which is reported in indirect costs and selling expenses on the consolidated statement of operations.

Intangible assets, net consists of the following as of the dates presented (in thousands):


	June 30, 2026						June 30, 2025
	Gross carrying value		Accumulated amortization		Net carrying value		Gross carrying value		Accumulated amortization		Net carrying value
Customer contracts and related customer relationships	$	1,725,053	$	(546,140)	$	1,178,913	$	1,062,718	$	(432,520)	$	630,198
Acquired technologies	1,073,225		(179,147)		894,078		646,823		(185,745)		461,078
Total intangible assets	$	2,798,278	$	(725,287)	$	2,072,991	$	1,709,541	$	(618,265)	$	1,091,276

Amortization expense was $168.3 million, $125.0 million, and $73.8 million for fiscal 2026, 2025, and 2024, respectively. Intangible assets with a gross carrying value of $61.1 million became fully amortized during fiscal 2026 and are no longer reflected in the table above as of June 30, 2026.

As of June 30, 2026, the estimated annual amortization expense is as follows (in thousands):


Fiscal year ending June 30,
2027	$	216,608
2028	205,944
2029	197,106
2030	185,454
2031	168,190
Thereafter	1,099,689
Total	$	2,072,991