GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2026

Intangible Asset, Goodwill and Other [Abstract]

The following table summarizes the activity in the Company’s goodwill balance as of the dates indicated:


(Dollars in thousands)	Total
Balance as of June 30, 2024	$	97,673
Goodwill from acquisitions	—
Balance as of June 30, 2025	97,673
Goodwill from acquisitions	46,657
Balance as of June 30, 2026	$	144,330

There was no goodwill impairment identified for the fiscal years ended June 30, 2026 and June 30, 2025.

The Company’s acquired intangible assets are summarized as follows as of the dates indicated:


	June 30, 2026						June 30, 2025
(Dollars in thousands)	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Covenant not to compete	$	1,387	$	1,387	$	—	$	1,387	$	1,369	$	18
Customer relationships	50,810		25,373		25,437		50,810		21,913		28,897
Customer deposit intangible	57,636		14,928		42,708		13,545		11,657		1,888
Developed technologies	39,750		32,381		7,369		34,650		29,414		5,236
Real estate lease-related intangible assets	17,977		1,700		16,277		—		—		—
Vendor relationships	11,283		980		10,303		—		—		—
Trademark	518		—		518		518		—		518
Trade name	3,550		1,175		2,375		950		710		240
Workforce	206		206		—		206		174		32
Total intangible assets	$	183,117	$	78,130	$	104,987	$	102,066	$	65,237	$	36,829

The amortization of intangible assets that are subject to amortization was $12.9 million and $7.4 million for the fiscal years ended June 30, 2026 and 2025, respectively. Each intangible asset subject to amortization is amortized using the straight-line method over the estimated useful life of the asset. Trademark is an indefinite life intangible.

Estimated future amortization related to finite-lived intangible assets at June 30, 2026 is as follows:


(Dollars in thousands)	Amortization Expense
For the fiscal year ending June 30,
2027	$	27,623
2028	23,694
2029	17,429
2030	13,054
2031	6,617