| Goodwill and Intangible Assets |
NOTE 7 – GOODWILL AND INTANGIBLE ASSETS Goodwill Changes in the carrying amount of goodwill, by segment, is as follows:
|
|
|
|
|
|
|
|
|
|
|
|
(In thousands) |
United States |
|
|
Canada |
|
|
Total |
|
Balance as of June 30, 2025 |
$ |
97,794 |
|
|
$ |
19,843 |
|
|
$ |
117,637 |
|
Acquisitions |
|
5,221 |
|
|
|
— |
|
|
|
5,221 |
|
Foreign currency translation |
|
338 |
|
|
|
(824 |
) |
|
|
(486 |
) |
|
|
|
|
|
|
|
|
|
Balance as of June 30, 2026 |
$ |
103,353 |
|
|
$ |
19,019 |
|
|
$ |
122,372 |
|
Intangible Assets Intangible assets consist of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2026 |
|
(In thousands) |
Weighted Average Amortization Period |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
Customer related |
8.5 years |
|
$ |
151,229 |
|
|
$ |
(109,569 |
) |
|
$ |
41,660 |
|
Trade names and trademarks |
4.7 years |
|
|
15,196 |
|
|
|
(13,441 |
) |
|
|
1,755 |
|
Developed technology |
0.4 years |
|
|
4,091 |
|
|
|
(3,750 |
) |
|
|
341 |
|
Licenses |
0.7 years |
|
|
733 |
|
|
|
(678 |
) |
|
|
55 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
171,249 |
|
|
$ |
(127,438 |
) |
|
$ |
43,811 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
(In thousands) |
Weighted Average Amortization Period |
|
Gross Carrying Amount |
|
|
Accumulated Amortization |
|
|
Net Carrying Amount |
|
Customer related |
9.2 years |
|
$ |
150,339 |
|
|
$ |
(104,648 |
) |
|
$ |
45,691 |
|
Trade names and trademarks |
5.6 years |
|
|
15,409 |
|
|
|
(13,269 |
) |
|
|
2,140 |
|
Developed technology |
1.4 years |
|
|
4,091 |
|
|
|
(2,932 |
) |
|
|
1,159 |
|
Licenses |
1.7 years |
|
|
764 |
|
|
|
(631 |
) |
|
|
133 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
170,603 |
|
|
$ |
(121,480 |
) |
|
$ |
49,123 |
|
Amortization expense was $7,247 and $10,618 for the fiscal years ended June 30, 2026 and 2025, respectively. Future amortization expense for each of the next five fiscal years ending June 30 are as follows:
|
|
|
|
(In thousands) |
|
|
2027 |
$ |
6,537 |
|
2028 |
|
5,785 |
|
2029 |
|
5,201 |
|
2030 |
|
5,004 |
|
2031 |
|
4,784 |
|
|