Goodwill represents the excess of the purchase price in a business combination over the fair value of net tangible and intangible assets acquired. Goodwill amounts are not amortized but rather tested for impairment at least annually during the fourth quarter, or when indicators of impairment exist.

Goodwill consisted of the following (in thousands):


	Goodwill
Balance as of June 30, 2024	$	1,288,756
Additions	14,022
Effect of change in exchange rates	1,667
Balance as of June 30, 2025	1,304,445
Additions	999,340
Effect of change in exchange rates	(1,046)
Balance as of June 30, 2026	$	2,302,739

Intangible assets consisted of the following as of June 30, 2026 (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	700,032	$	(356,383)	$	343,649
Patents, trade names, and other rights	118,928		(50,555)		68,373
Customer relationships	143,487		(123,251)		20,236
Total Intangible Assets	$	962,447	$	(530,189)	$	432,258

Intangible assets consisted of the following as of June 30, 2025 (in thousands):


	Gross Carrying Amount		Accumulated Amortization		Net
Acquired developed technology	$	466,932	$	(278,525)	$	188,407
Patents, trade names, and other rights	70,928		(37,337)		33,591
Customer relationships	135,687		(112,845)		22,842
Total Intangible Assets	$	673,547	$	(428,707)	$	244,840

The weighted-average remaining useful lives of the Company’s acquired intangible assets as of June 30, 2026 are as follows:


						Weighted-Average Remaining Useful Lives (years)
Acquired developed technology						4
Patents, trade names, and other rights						4
Customer relationships						3

Amortization expense for intangible assets was approximately $101.5 million, $55.5 million, and $49.7 million for fiscal years 2026, 2025, and 2024, respectively.

The following table presents the estimated future amortization expense related to intangible assets held as of June 30, 2026 (in thousands):


Fiscal Years:
2027	$	120,007
2028	117,244
2029	87,814
2030	73,839
2031	31,108
Thereafter	2,246
Total future amortization expense	$	432,258