Goodwill and Intangible Assets

9 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets

Goodwill and Intangible Assets

Goodwill

The changes in the carrying amount of goodwill for the nine months ended March 31, 2024 are as follows (in thousands):

	Domestic		International		Total
Balance at June 30, 2023	$	3,940,064	$	144,641	$	4,084,705
Goodwill acquired (1)	34,596		19,238		53,834
Foreign currency translation	(318)		229		(89)
Balance at March 31, 2024	$	3,974,342	$	164,108	$	4,138,450

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(1)Includes goodwill initially allocated to new business combinations as well as measurement period adjustments, when applicable. The final purchase price allocations for our fiscal 2024 and 2023 acquisitions remain open as of March 31, 2024.

There were no impairments of goodwill during the periods presented.

Intangible Assets

Intangible assets consisted of the following (in thousands):

	March 31, 2024						June 30, 2023
	Gross carrying value		Accumulated amortization		Net carrying value		Gross carrying value		Accumulated amortization		Net carrying value
Customer contracts and related customer relationships	$	692,925	$	(342,974)	$	349,951	$	655,877	$	(313,745)	$	342,132
Acquired technologies	271,282		(131,229)		140,053		277,180		(111,477)		165,703
Total intangible assets	$	964,207	$	(474,203)	$	490,004	$	933,057	$	(425,222)	$	507,835

Amortization expense related to intangible assets was $18.4 million and $55.1 million for the three and nine months ended March 31, 2024, respectively, and $18.6 million and $56.8 million for the three and nine months ended March 31, 2023, respectively.