| Schedule of Carrying Value of Goodwill and Other Purchased Intangibles |
The carrying value of goodwill and other purchased intangibles are described below (dollar amounts in thousands):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2025 |
|
|
June 30, 2024 |
|
|
|
Estimated Useful Lives
(Years) |
|
Remaining Weighted-Average Amortization Period
(Years) |
|
Gross Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Book Value |
|
|
Gross Carrying Amount |
|
|
Accumulated
Amortization |
|
|
Accumulated
Impairment |
|
|
Net Book Value |
|
Identifiable intangible assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Existing customer relationships |
|
4 - 15 |
|
4.6 |
|
$ |
116,568 |
|
|
$ |
(66,215 |
) |
|
$ |
— |
|
|
$ |
50,353 |
|
|
$ |
75,568 |
|
|
$ |
(52,203 |
) |
|
$ |
— |
|
|
$ |
23,365 |
|
Developed technology |
|
4 |
|
3.1 |
|
|
21,836 |
|
|
|
(13,362 |
) |
|
|
— |
|
|
|
8,474 |
|
|
|
20,336 |
|
|
|
(8,933 |
) |
|
|
— |
|
|
|
11,403 |
|
Non-compete and other |
|
3 - 5 |
|
2.3 |
|
|
2,310 |
|
|
|
(2,306 |
) |
|
|
— |
|
|
|
4 |
|
|
|
2,310 |
|
|
|
(2,300 |
) |
|
|
— |
|
|
|
10 |
|
Employment agreement |
|
1 - 3 |
|
0.0 |
|
|
295 |
|
|
|
(295 |
) |
|
|
— |
|
|
|
— |
|
|
|
295 |
|
|
|
(295 |
) |
|
|
— |
|
|
|
— |
|
Intangibles subject to amortization |
|
|
141,009 |
|
|
|
(82,178 |
) |
|
|
— |
|
|
|
58,831 |
|
|
|
98,509 |
|
|
|
(63,731 |
) |
|
|
— |
|
|
|
34,778 |
|
Trade names and trademarks |
|
Indefinite |
|
Indefinite |
|
|
69,658 |
|
|
|
— |
|
|
|
(1,290 |
) |
|
|
68,368 |
|
|
|
59,660 |
|
|
|
— |
|
|
|
(1,290 |
) |
|
|
58,370 |
|
Domain name |
|
Indefinite |
|
Indefinite |
|
|
8,615 |
|
|
|
— |
|
|
|
— |
|
|
|
8,615 |
|
|
|
8,515 |
|
|
|
— |
|
|
|
— |
|
|
|
8,515 |
|
In-process research and development |
|
Indefinite |
|
Indefinite |
|
|
1,500 |
|
|
|
— |
|
|
|
— |
|
|
|
1,500 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
Identifiable intangible assets |
|
$ |
220,782 |
|
|
$ |
(82,178 |
) |
|
$ |
(1,290 |
) |
|
$ |
137,314 |
|
|
$ |
166,684 |
|
|
$ |
(63,731 |
) |
|
$ |
(1,290 |
) |
|
$ |
101,663 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Goodwill |
|
Indefinite |
|
Indefinite |
|
$ |
230,014 |
|
|
$ |
— |
|
|
$ |
(1,364 |
) |
|
$ |
228,650 |
|
|
$ |
201,301 |
|
|
$ |
— |
|
|
$ |
(1,364 |
) |
|
$ |
199,937 |
|
|
| Schedule of Carrying Amounts of Goodwill |
The changes in the carrying amounts of goodwill were as follows (in thousands):
|
|
|
|
|
Balance as of June 30, 2023 |
|
$ |
100,943 |
|
Goodwill acquired - LPM - Wholesale Sales & Ancillary Services |
|
|
21,034 |
|
Goodwill acquired - SGB - Direct-to-Consumer |
|
|
77,960 |
|
Balance as of June 30, 2024 |
|
|
199,937 |
|
Goodwill acquired - SGI - Wholesale Sales & Ancillary Services |
|
|
6,919 |
|
Goodwill acquired - SGI - Direct-to-Consumer |
|
|
6,919 |
|
Goodwill acquired - Pinehurst - Wholesale Sales & Ancillary Services |
|
|
1,377 |
|
Goodwill acquired - Pinehurst - Direct-to-Consumer |
|
|
1,377 |
|
Goodwill acquired - AMS - Direct-to-Consumer |
|
|
12,122 |
|
Balance as of June 30, 2025 |
|
$ |
228,650 |
|
|
| Schedule of Estimated Annual Amortization Expense Related to Definite-Lived Intangible Assets |
Estimated annual amortization expense related to definite-lived intangible assets for the succeeding five years and thereafter is as follows (in thousands):
|
|
|
|
|
Fiscal Year Ending June 30, |
|
Amount |
|
2026 |
|
$ |
20,591 |
|
2027 |
|
|
15,564 |
|
2028 |
|
|
12,013 |
|
2029 |
|
|
5,613 |
|
2030 |
|
|
2,896 |
|
Thereafter |
|
|
2,154 |
|
|
|
$ |
58,831 |
|
|