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Goodwill and Intangible Assets
12 Months Ended
Jun. 30, 2025
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 years ended June 30, are as follows (dollars in thousands):
Domestic International Total
Balance at June 30, 2023$3,940,064 $144,641 $4,084,705 
Goodwill acquired (1)
34,681 34,726 69,407 
Foreign currency translation78 654 732 
Balance at June 30, 2024$3,974,823 $180,021 $4,154,844 
Goodwill acquired (1)
798,885 50,139 849,024 
Foreign currency translation(297)18,234 17,937 
Balance at June 30, 2025$4,773,411 $248,394 $5,021,805 
______________________
(1)    Includes goodwill as a result of business combinations in the fiscal year of acquisitions and any measurement period adjustments recognized in respective periods.
There were no impairments of goodwill during the periods presented.
Intangible Assets
Intangible assets, net consisted of the following (dollars in thousands):
June 30, 2025June 30, 2024
Gross carrying valueAccumulated
amortization
Net carrying
value
Gross carrying
value
Accumulated
amortization
Net carrying
value
Customer contracts and related customer relationships$1,062,718 $(432,520)$630,198 $695,944 $(353,159)$342,785 
Technologies646,823 (185,745)461,078 271,285 (139,716)131,569 
Total intangible assets$1,709,541 $(618,265)$1,091,276 $967,229 $(492,875)$474,354 
Amortization expense was $125.0 million, $73.8 million, and $75.4 million for fiscal 2025, 2024, and 2023, respectively.
As of June 30, 2025, the estimated annual amortization expense is as follows (dollars in thousands):
Fiscal Year Ending June 30,Amount
2026$142,386 
2027132,251 
2028119,608 
2029104,930 
203088,982 
Thereafter503,119 
Total$1,091,276