Goodwill and Intangibles, Net

6 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangibles, Net

Note 7: Goodwill and Intangibles, Net

	December 31, 2024		June 30, 2024
($ in thousands)
Goodwill, beginning of period	$	89,116	$	89,116
Goodwill, end of period	$	89,116	$	89,116

Goodwill reported is the result of multiple acquisitions made by Alliance Entertainment Holding Corporation over the years.

Intangibles, Net consists of the following at:

($ in thousands)			December 2024				June 2024
Intangibles:	Intangibles Cost		Accum. Amortization		Intangibles, Net		Accum. Amortization			Intangibles, Net
Customer Relationships	$	78,000		(72,974)	$	5,026		(72,019	)	$	5,981
Mecca Customer Relationships	$	8,023		(6,105)	$	1,918		(5,818	)	$	2,205
Customer List	$	12,760		(7,986)	$	4,774		(7,565	)	$	5,195
Tradename - HMBR	$	6,752		—		6,752		—			—
Total	$	105,535		87,065	$	18,470		(85,402	)	$	13,381

During the three months ending December 31, 2024, and 2023, the Company recorded amortization expense of $0.8 million and $1.0 million, respectively and during the six months ended December 31, 2024, and 2023, the Company recorded amortization expenses of $1.7 million and $2.0 million, respectively.

Expected amortization over the next five years, including the remainder of fiscal 2025 and thereafter, as of December 31, 2024, is as follows:

($ in thousands)	Intangible Assets
Year Ended June 30
Remaining in fiscal year 2025	$	1,663
2026		3,015
2027		2,966
2028		1,938
2029		659
Thereafter		8,229
Total Expected Amortization	$	18,470