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Goodwill and Other Intangible Assets, net
12 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets, net Goodwill and Other Intangible Assets, net
Goodwill
For each of the years ended June 30, 2023 and June 30, 2022, 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, 2023 (in thousands):
2023
Sleep and
Respiratory Care
SaaSTotal
Balance at the beginning of the period$641,724 $1,294,718 $1,936,442 
Business acquisitions19,281 767,709 786,990 
Foreign currency translation adjustments9,115 37,752 46,867 
Balance at the end of the period$670,120 $2,100,179 $2,770,299 
Other Intangible Assets
Other intangibles, net are comprised of the following as of June 30, 2023 and June 30, 2022 (in thousands):
20232022
Developed/core product technology$398,740 $350,671 
Accumulated amortization(265,802)(239,647)
Developed/core product technology, net132,938 111,024 
Customer relationships443,652 257,034 
Accumulated amortization(124,220)(91,731)
Customer relationships, net319,432 165,303 
Other intangibles244,373 204,580 
Accumulated amortization(144,402)(134,963)
Other intangibles, net99,971 69,617 
Total other intangibles, net$552,341 $345,944 
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, 2023 and June 30, 2022 was $72.4 million and $70.7 million, respectively. Amortization expense related to patents for the years ended June 30, 2023 and June 30, 2022 was $7.0 million and $6.2 million, respectively. Total estimated annual amortization expense for the years ending June 30, 2024 through June 30, 2028, is shown below (in thousands):
Fiscal Years Ending June 30
20242025202620272028
Estimated amortization expense$86,633 $82,227 $77,005 $58,127 $23,175