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Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
Changes in the carrying amount of goodwill by reportable segment were as follows (in thousands):
Domestic International Total
Balance at June 30, 2021$3,491,747 $140,831 $3,632,578 
Goodwill acquired444,417 — 444,417 
Foreign currency translation(1,539)(17,165)(18,704)
Balance at June 30, 2022$3,934,625 $123,666 $4,058,291 
Goodwill acquired6,072 15,506 21,578 
Foreign currency translation(633)5,469 4,836 
Balance at June 30, 2023$3,940,064 $144,641 $4,084,705 
No impairments of goodwill are included in the balances above.
Intangible Assets
Intangible assets, net consisted of the following (in thousands):
June 30, 2023June 30, 2022
Gross carrying valueAccumulated
amortization
Net carrying
value
Gross carrying
value
Accumulated
amortization
Net carrying
value
Customer contracts and related customer relationships$655,877 $(313,745)$342,132 $656,353 $(275,538)$380,815 
Acquired technologies277,180 (111,477)165,703 280,196 (79,626)200,570 
Total intangible assets$933,057 $(425,222)$507,835 $936,549 $(355,164)$581,385 
Amortization expense related to intangible assets was $75.4 million, $74.1 million and $67.5 million for fiscal 2023, 2022, and 2021, respectively. Intangible assets with a gross carrying value of $5.6 million became fully amortized during fiscal 2023 and are no longer reflected in the gross carrying value and accumulated amortization as of June 30, 2023.
As of June 30, 2023, the estimated annual amortization expense is as follows (in thousands):
Fiscal Year Ending June 30,Amount
2024$72,360 
202568,122 
202660,462 
202753,614 
202845,435 
2029 and thereafter207,842 
Total intangible assets, net$507,835