Goodwill And Other Intangible Assets

12 Months Ended

Jun. 30, 2021

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets, Net

(5)  Goodwill and Other Intangible Assets, net

Goodwill

For each of the years ended June 30, 2021 and June 30, 2020, we have not recorded any goodwill impairments. Changes in the carrying amount of goodwill is comprised of the following for the year ended June 30, 2021 (in thousands):

	2021
	Sleep and ‎Respiratory Care		SaaS		Total
Balance at the beginning of the period	$	614,448	$	1,275,876	$	1,890,324
Business acquisitions		5,829		18,842		24,671
Foreign currency translation adjustments		12,906		-		12,906
Balance at the end of the period	$	633,183	$	1,294,718	$	1,927,901

Other Intangible Assets

Other intangibles, net are comprised of the following as of June 30, 2021 and June 30, 2020 (in thousands):

	2021		2020
Developed/core product technology	$	383,319	$	382,806
Accumulated amortization		(239,049)		(197,670)
Developed/core product technology, net		144,270		185,136
Customer relationships		272,703		279,370
Accumulated amortization		(90,976)		(80,922)
Customer relationships, net		181,727		198,448
Other intangibles		197,662		177,091
Accumulated amortization		(131,077)		(112,507)
Other intangibles, net		66,585		64,584
Total other intangibles, net	$	392,582	$	448,168

Intangible assets consist of developed/core product technology, trade names, non-compete agreements, customer relationships, and patents, and we amortize them over the estimated useful life of the assets, generally between two years and fifteen years. There are no expected residual values related to these intangible assets.

Amortization expense related to identified intangible assets for the years ended June 30, 2021 and June 30, 2020 was $76.2 million and $79.7 million, respectively. Amortization expense related to patents for the years ended June 30, 2021 and June 30, 2020 was $5.3 million and $8.3 million, respectively. Total estimated annual amortization expense for the years ending June 30, 2022 through June 30, 2026, is shown below (in thousands):

	Fiscal Years Ending June 30
	2022		2023		2024		2025		2026
Estimated amortization expense	$	75,009	$	58,028	$	54,211	$	49,741	$	44,556