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Goodwill And Intangible Assets, Net (Tables)
12 Months Ended
Jun. 30, 2022
Goodwill And Intangible Assets, Net [Abstract]  
Summary Of Movement In Carrying Value Of Goodwill

 

 

 

 

Gross value

 

 

Accumulated impairment

 

 

Carrying value

 

Balance as of July 1, 2019

$

72,473

 

$

(35,157)

 

$

37,316

 

 

Impairment loss

 

-

 

 

(5,589)

 

 

(5,589)

 

 

Disposal of FIHRST (Note 3)

 

(599)

 

 

-

 

 

(599)

 

 

Deconsolidation of CPS (Note 3)

 

(1,346)

 

 

1,346

 

 

-

 

 

Foreign currency adjustment(1)

 

(7,334)

 

 

375

 

 

(6,959)

 

Balance as of June 30, 2020

 

63,194

 

 

(39,025)

 

 

24,169

 

 

Liquidation of subsidiaries(2)

 

(26,629)

 

 

26,629

 

 

-

 

 

Foreign currency adjustment(1)

 

6,384

 

 

(1,400)

 

 

4,984

 

Balance as of June 30, 2021

 

42,949

 

 

(13,796)

 

 

29,153

 

 

Acquisition of Connect (Note 3)(3)

 

153,693

 

 

-

 

 

153,693

 

 

Foreign currency adjustment(1)

 

(21,166)

 

 

977

 

 

(20,189)

 

Balance as of June 30, 2022

$

175,476

 

$

(12,819)

 

$

162,657

(1) – The foreign currency adjustment represents the effects of the fluctuations between the South African Rand and the Euro, against the U.S. dollar on the carrying value.

(2) – The Company deconsolidated the goodwill and accumulated impairment related to entities it substantially liquidated during the year ended June 30, 2021.

(3) – Represents goodwill arising from the acquisition of Connect and translated at the foreign exchange rate applicable on the date the transaction became effective. This goodwill has been allocated to the merchant reportable operating segment
Goodwill Allocated To Reportable Segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Consumer

 

Merchant

 

Other

 

Carrying value

 

Balance as of July 1, 2019

$

-

 

$

36,659

 

$

657

 

$

37,316

 

 

Impairment loss

 

-

 

 

(5,589)

 

 

-

 

 

(5,589)

 

 

Disposal of FIHRST (Note 3)

 

-

 

 

(599)

 

 

-

 

 

(599)

 

 

Foreign currency adjustment(1)

 

-

 

 

(6,959)

 

 

-

 

 

(6,959)

 

Balance as of June 30, 2020

 

-

 

 

23,512

 

 

657

 

 

24,169

 

 

Liquidation of subsidiaries

 

-

 

 

-

 

 

-

 

 

-

 

 

Foreign currency adjustment(1)

 

-

 

 

4,984

 

 

-

 

 

4,984

 

Balance as of June 30, 2021

 

-

 

 

28,496

 

 

657

 

 

29,153

 

 

Acquisition of Connect

 

-

 

 

153,693

 

 

-

 

 

153,693

 

 

Foreign currency adjustment(1)

 

-

 

 

(20,189)

 

 

-

 

 

(20,189)

 

Balance as of June 30, 2022

$

-

 

$

162,000

 

$

657

 

$

162,657

(1) – The foreign currency adjustment represents the effects of the fluctuations between the South African rand and the Euro, against the U.S. dollar on the carrying value.

Carrying Value And Accumulated Amortization Of Intangible Assets

 

 

 

 

 

As of June 30, 2022

 

As of June 30, 2021

 

 

 

 

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

 

Gross carrying value

 

 

Accumulated amortization

 

 

Net carrying value

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships(1)

$

26,937

 

$

(9,140)

 

$

17,797

 

$

10,340

 

$

(10,340)

 

$

-

 

 

Software, integrated platform and unpatented technology(1)

 

127,785

 

 

(3,075)

 

 

124,710

 

 

1,726

 

 

(1,726)

 

 

-

 

 

FTS patent

 

2,352

 

 

(2,352)

 

 

-

 

 

2,679

 

 

(2,679)

 

 

-

 

 

Brands and trademarks (1)

 

16,018

 

 

(1,823)

 

 

14,195

 

 

2,015

 

 

(1,658)

 

 

357

 

 

Total finite-lived intangible assets

$

173,092

 

$

(16,390)

 

 

156,702

 

$

16,760

 

$

(16,403)

 

$

357

(1) 2022 balances include the intangible assets acquired as part of the Connect acquisition in April 2022.
Future Estimated Annual Amortization Expense

 

Fiscal 2023

$

16,515

 

Fiscal 2024

 

16,516

 

Fiscal 2025

 

16,518

 

Fiscal 2026

 

16,518

 

Fiscal 2027

 

16,455

 

Thereafter

 

74,180

 

 

Total future estimated annual amortization expense

$

156,702