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GOODWILL AND OTHER INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2023
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, 2021(1)
600,812270,255 $871,067 
Acquisition (See Note 4, Acquisition and Disposition)
95,645—95,645 
Translation and other adjustments, net(742)(32,174)(32,916)
Balance as of June 30, 2022695,715 238,081 933,796 
Acquisition(2)
(794)— (794)
Divestiture(3)
(3,054)— (3,054)
Translation and other adjustments, net5,186 3,506 8,692 
Balance as of June 30, 2023$697,053 $241,587 $938,640 

(1) The total carrying value of goodwill is reflected net of $134,277 of accumulated impairment charges.
(2) During the fiscal year ended June 30, 2023, the Company finalized purchase accounting related to THWR resulting in a $794 reduction to goodwill. See Note 4, Acquisition and Disposition.
(3) During the fiscal year ended June 30, 2023, the Company completed the divestiture of Westbrae, a component of the North America reportable segment. Goodwill of $3,054 was assigned to the divested component on a relative fair value basis.

The Company completed its annual goodwill impairment analysis in the fourth quarter of fiscal 2023 and concluded that no impairment existed at any of its reporting units.

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:
Fiscal Year Ended June 30,
20232022
Non-amortized intangible assets:
Trademarks and tradenames(1)
$250,860 $379,466 
Amortized intangible assets:
Other intangibles(2)
161,874 199,448 
Less: Accumulated amortization(114,629)(101,381)
Net amortized intangible assets$47,245 $98,067 
Net other intangible assets$298,105 $477,533 

(1) The gross carrying value of trademarks and tradenames is reflected net of $223,981 and $94,873 of accumulated impairment charges as of June 30, 2023 and 2022, respectively.
(2) The reduction in carrying value of other intangible assets as of June 30, 2023 reflected a non-cash impairment charge of $45,798 recognized in the fiscal year ended June 30, 2023.

The Company completed its annual assessment of impairment for indefinite-lived intangible assets in the fourth quarter of fiscal 2023. The assessment indicated that the carrying value of the Imagine® and Joya® trademarks and the Queen Helene® trademark and formula exceeded their estimated fair values. The fair values were determined using the relief from royalty method, and non-cash impairment charges of $4,767, $4,691 and $9,150 for Imagine®, Joya®, and Queen Helene® intangible assets, respectively, were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations.

The Imagine® and Queen Helene® intangible assets are part of the North America reportable segment and had a remaining aggregate carrying value of $3,100 as of June 30, 2023. The Joya® intangible assets are part of the International reportable segment and had a remaining aggregate carrying value of $6,218 as of June 30, 2023.
During the fiscal year ended June 30, 2023, as a result of a decline in actual and projected performance and cash flows of the ParmCrisps® and Thinsters® brands, the Company recorded non-cash impairment charges of $102,000 and $8,500 for the ParmCrisps® and Thinsters® trademarks, respectively, to reduce the carrying value of such intangible assets to their estimated fair value. The fair value was determined using the relief from royalty method, and impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. At June 30, 2023, the Company’s indefinite lived tradename intangible assets of ParmCrisps® and Thinsters®, which are part of the North America reportable segment, had a remaining aggregate carrying value of $8,000 and $4,500, respectively.

As a result of the same factors triggering the impairment tests for the ParmCrisps® and Thinsters® trademarks discussed above, the Company completed impairment tests of the ParmCrisps® and Thinsters® asset groups, which were primarily comprised of amortizable customer relationships. The Company determined that the ParmCrisps® asset group’s carrying amount exceeded the estimated fair value. During the fiscal year ended June 30, 2023, the Company recorded non-cash impairment charge of $45,798 to reduce the carrying value of the ParmCrisps® customer relationships, the primary asset in the asset group, to its estimated fair value. Impairment charges were recorded within intangibles and long-lived asset impairment on the Consolidated Statements of Operations. The fair value of the Thinsters® asset group exceeded its carrying amount. The assets are part of the North America reportable segment and had a remaining aggregate carrying value of $42,197 as of June 30, 2023 and the definite lived assets within the ParmCrisps® asset group were $20,704.

Amortized intangible assets, which are deemed to have a finite life, primarily consist of customer relationships, trademarks and tradenames and are amortized over their estimated useful lives of 7 to 25 years. Amortization expense included on the Consolidated Statements of Operations was as follows:
Fiscal Year Ended June 30,
202320222021
Amortization of acquired intangibles $10,016 $10,214 $8,931 

Expected amortization expense over the next five fiscal years is as follows:
Fiscal Year Ending June 30,
20242025202620272028
Estimated amortization expense$6,401 $5,348 $4,981 $4,871 $4,239 

The weighted average remaining amortization period of amortized intangible assets is 8.7 years.