In accordance with ASC 350, Intangibles - Goodwill and Other Intangible Assets, the Company performs its annual goodwill impairment test during the fourth quarter of each fiscal year, or whenever indicators of impairment are present. The reporting units utilized for goodwill impairment tests align directly with our operating segments, Specialty Technology Solutions and Intelisys & Advisory. The testing includes the determination of each reporting unit's fair value using a discounted cash flows model compared to each reporting unit's carrying value. Key assumptions used in determining fair value include projected growth and operating margin, working capital requirements and discount rates. During fiscal years ended June 30, 2026, 2025 and 2024, no impairment charges related to goodwill were recorded. The fair value of the Specialty Technology Solutions and Intelisys & Advisory reporting units exceeded its carrying value by 2% and more than 100%, respectively, as of the annual goodwill impairment testing date.


	Specialty Technology Solutions		Intelisys & Advisory		Total
	(in thousands)
Balance at June 30, 2024	$	146,108	$	60,193	$	206,301
Additions	13,447		10,693		24,140

Unrealized gain on foreign currency translation	224		155		379
Balance at June 30, 2025	$	159,779	$	71,041	$	230,820
Additions	13,427		—		13,427

Unrealized gain (loss) on foreign currency translation	661		(6)		655
Balance at June 30, 2026	$	173,867	$	71,035	$	244,902


	June 30, 2026						June 30, 2025
	Gross Carrying Amount		Accumulated Amortization		Net Book Value		Gross Carrying Amount		Accumulated Amortization		Net Book Value
	(in thousands)
Amortized intangible assets:
Customer relationships	$	135,290	$	83,351	$	51,939	$	145,528	$	92,943	$	52,585
Trade names	14,536		12,919		1,617		14,036		11,442		2,594


Supplier partner program	4,085		3,771		314		4,085		3,341		744
Encryption key library	—		—		—		19,900		19,694		206
Developed technology	15,312		4,791		10,521		10,512		3,732		6,780
Total intangibles	$	169,223	$	104,832	$	64,391	$	194,061	$	131,152	$	62,909

The weighted-average amortization period for all intangible assets was approximately 11 years, 9 years and 10 years for the fiscal years ended June 30, 2026, 2025 and 2024, respectively. Amortization expense for continuing operations for the years ended June 30, 2026, 2025 and 2024 was $16.7 million, $19.2 million and $15.7 million, respectively, all of which relates to selling, general and administrative costs, not the cost of selling goods, and has been presented as such in the accompanying Consolidated Income Statements. Certain fully amortized intangible assets have been removed during the current fiscal year.