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GOODWILL AND OTHER INTANGIBLE ASSETS
12 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS
Goodwill

The following table shows the changes in the carrying amount of goodwill by reportable segment:
North AmericaInternationalTotal
Balance as of June 30, 2020$606,055 $255,903 $861,958 
Divestiture(8,429)(14,362)(22,791)
Translation and other adjustments, net3,18628,71431,900 
Balance as of June 30, 2021600,812 270,255 871,067 
Acquisition activity (See Note 4)95,645— 95,645 
Translation and other adjustments, net(742)(32,174)(32,916)
Balance as of June 30, 2022$695,715 $238,081 $933,796 

The Company completed its annual goodwill impairment analysis in the fourth quarter of fiscal 2022 and concluded that no impairment existed at any of its reporting units.

During April 2021, the Company completed the divestiture of its Dream business, a component of the United States and Canada reporting units. Goodwill of $8,429 was assigned to the divested business on a relative fair value basis.

During January 2021, the Company completed the divestiture of its Fruit business, a component of the Hain Daniels reporting unit. Goodwill of $14,362 was assigned to the divested business on a relative fair value basis.

Other Intangible Assets

The following table sets forth balance sheet information for intangible assets, excluding goodwill, subject to amortization and intangible assets not subject to amortization:
June 30,
2022
June 30,
2021
Non-amortized intangible assets:
Trademarks and tradenames(1)
$379,466 $273,471 
Amortized intangible assets:
Other intangibles199,448 146,856 
Less: accumulated amortization and impairment(101,381)(105,432)
Net carrying amount$477,533 $314,895 

(1) The gross carrying value of trademarks and trade names is reflected net of $94,873 and $93,273 of accumulated impairment charges as of June 30, 2022 and 2021, respectively.

The Company completed its annual assessment of impairment for indefinite-lived intangible assets in the fourth quarter of fiscal 2022. The assessment indicated that the fair value of the Company’s indefinite-lived intangible assets exceeded their carrying values and no impairment existed.

See Note 4, Acquisitions and Dispositions, for details surrounding the acquisition of THWR, including $193,800 of identifiable intangible assets acquired on December 28, 2021.

During fiscal 2022, the Company recorded an impairment of $1,600 related to an indefinite-lived intangible asset that has been deemed worthless. The amount of the impairment recorded represents the remaining carrying amount of the indefinite-lived intangible asset. The impairment loss is recorded within long-lived asset and intangibles impairment on the Consolidated Statements of Operations. The asset was part of the North America reportable segment.

In the fourth quarter of fiscal 2021, the Company completed the divestiture of its Dream and GG businesses. Other intangible assets totaling $7,833 and $729, consisting primarily of trademarks, were assigned to the divested businesses, respectively.
Amortizable intangible assets, which are deemed to have a finite life, primarily consist of customer relationships and are being amortized over their estimated useful lives of 7 to 25 years. Amortization expense was $10,214, $8,931 and $11,638 for the years ended June 30, 2022, 2021 and 2020, respectively.

Expected amortization expense over the next five fiscal years is as follows:
Fiscal Year Ending June 30,
20232024202520262027
Estimated amortization expense$11,463 $8,748 $7,893 $7,509 $7,277 

The weighted average remaining amortization period of amortized intangible assets is 13.7 years.