| Schedule of Carrying Value of Goodwill and Other Purchased Intangibles |
The carrying value of goodwill and other purchased intangibles are described below (dollar amounts in thousands):
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June 30, 2026 |
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June 30, 2025 |
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Estimated Useful Lives
(Years) |
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Remaining Weighted-Average Amortization Period
(Years) |
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Gross Carrying Amount |
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Accumulated
Amortization |
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Accumulated
Impairment |
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Net Book Value |
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Gross Carrying Amount |
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Accumulated
Amortization |
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Accumulated
Impairment |
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Net Book Value |
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Identifiable intangible assets: |
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Existing customer relationships |
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4 - 15 |
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4.0 |
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$ |
138,674 |
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$ |
(87,421 |
) |
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$ |
— |
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$ |
51,253 |
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$ |
116,568 |
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$ |
(66,215 |
) |
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$ |
— |
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$ |
50,353 |
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Developed technology |
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4 |
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2.5 |
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24,136 |
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(16,481 |
) |
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— |
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7,655 |
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21,836 |
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(13,362 |
) |
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— |
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8,474 |
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Proprietary knowhow |
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15 |
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14.8 |
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2,200 |
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(88 |
) |
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— |
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2,112 |
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— |
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— |
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— |
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— |
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Non-compete and other |
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3 - 5 |
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1.3 |
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2,310 |
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(2,310 |
) |
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— |
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— |
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2,310 |
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(2,306 |
) |
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— |
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4 |
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Employment agreement |
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1 - 3 |
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0.0 |
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295 |
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(295 |
) |
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— |
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— |
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295 |
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(295 |
) |
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— |
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— |
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Intangibles subject to amortization |
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167,615 |
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(106,595 |
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— |
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61,020 |
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141,009 |
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(82,178 |
) |
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— |
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58,831 |
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Trade names and trademarks |
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Indefinite |
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Indefinite |
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76,459 |
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— |
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(1,290 |
) |
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75,169 |
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69,658 |
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— |
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(1,290 |
) |
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68,368 |
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Domain name |
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Indefinite |
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Indefinite |
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8,629 |
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— |
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— |
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8,629 |
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8,615 |
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— |
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— |
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8,615 |
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In-process research and development |
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Indefinite |
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Indefinite |
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1,500 |
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— |
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— |
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1,500 |
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1,500 |
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— |
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— |
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1,500 |
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Identifiable intangible assets |
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$ |
254,203 |
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$ |
(106,595 |
) |
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$ |
(1,290 |
) |
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$ |
146,318 |
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$ |
220,782 |
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$ |
(82,178 |
) |
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$ |
(1,290 |
) |
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$ |
137,314 |
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Goodwill |
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Indefinite |
|
Indefinite |
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$ |
252,167 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
250,803 |
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$ |
230,014 |
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$ |
— |
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$ |
(1,364 |
) |
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$ |
228,650 |
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| Summary of Changes in Carrying Amounts of Goodwill |
The changes in the carrying amounts of goodwill were as follows (in thousands):
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Balance as of June 30, 2024 |
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$ |
199,937 |
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Goodwill acquired - SGI - Wholesale Sales & Ancillary Services |
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6,919 |
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Goodwill acquired - SGI - Direct-to-Consumer |
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6,919 |
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Goodwill acquired - Pinehurst - Wholesale Sales & Ancillary Services |
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1,377 |
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Goodwill acquired - Pinehurst - Direct-to-Consumer |
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1,377 |
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Goodwill acquired - AMS - Direct-to-Consumer |
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12,122 |
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Balance as of June 30, 2025 |
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228,650 |
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Goodwill acquired - Monex - Direct-to-Consumer |
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16,235 |
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Goodwill acquired - SMI - Wholesale Sales & Ancillary Services |
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|
5,959 |
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Other |
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(41 |
) |
Balance as of June 30, 2026 |
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$ |
250,803 |
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| Schedule of Estimated Annual Amortization Expense Related to Definite-Lived Intangible Assets |
Estimated annual amortization expense related to definite-lived intangible assets for the succeeding five years and thereafter is as follows (in thousands):
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Fiscal Year Ending June 30, |
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Amount |
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2027 |
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$ |
22,032 |
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2028 |
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16,928 |
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2029 |
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9,369 |
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2030 |
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5,554 |
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2031 |
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2,366 |
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Thereafter |
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4,771 |
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$ |
61,020 |
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