Goodwill and Other Intangible Assets (Tables)

3 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Changes in Carrying Value of Goodwill

The changes in the carrying value of goodwill are as follows:

	For the three months ended September 30,
(in thousands)	2022		2021
Beginning balance	$	52,463	$	50,536
Acquisition of businesses		-		1,927
Ending balance	$	52,463	$	52,463

Summary of Acquired Identifiable Intangible Assets

The following tables provide additional details related to the Company’s acquired identifiable intangible assets:

	As of September 30, 2022							As of June 30, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Durable Medical Equipment
Tradename	$	9,060	$	(3,676	)	$	5,384	$	9,060	$	(3,443	)	$	5,617
Hospital contracts		90		(55	)		35		90		(49	)		41
Non-compete agreements		1,370		(1,156	)		214		1,370		(1,107	)		263
		10,520		(4,887	)		5,633		10,520		(4,599	)		5,921
Investment Management
Investment management agreements		15,264		(3,019	)		12,245		15,264		(2,753	)		12,511
Assembled workforce		1,103		(389	)		714		1,103		(364	)		739
		16,367		(3,408	)		12,959		16,367		(3,117	)		13,250
Total	$	26,887	$	(8,295	)	$	18,592	$	26,887	$	(7,716	)	$	19,171

Summary of Amortization Expense of Identifiable Intangible Assets

Aggregate Amortization Expense (in thousands)	2022		2021
For the three months ended September 30,		579		419

Estimated Future Amortization Expense (in thousands):
For the nine months ending June 30, 2023	$	1,703
For the year ending June 30, 2024	$	2,084
For the year ending June 30, 2025	$	1,974
For the year ending June 30, 2026	$	1,912
For the year ending June 30, 2027	$	1,838
Thereafter	$	9,081
Total	$	18,592