RADIANT LOGISTICS, INC Goodwill & Intangibles Disclosure
NOTE 7 – GOODWILL AND INTANGIBLE ASSETS
Goodwill
Changes in the carrying amount of goodwill by reporting segment is as follows:
(In thousands) |
United States |
|
|
Canada |
|
|
Total |
|
|||
Balance as of June 30, 2024 |
$ |
73,304 |
|
|
$ |
19,739 |
|
|
$ |
93,043 |
|
Acquisitions |
|
24,490 |
|
|
|
— |
|
|
|
24,490 |
|
Foreign currency translation |
|
— |
|
|
|
104 |
|
|
|
104 |
|
|
|
|
|
|
|
|
|
|
|||
Balance as of June 30, 2025 |
$ |
97,794 |
|
|
$ |
19,843 |
|
|
$ |
117,637 |
|
Intangible Assets
Intangible assets consist of the following:
|
June 30, 2025 |
|
|||||||||||
(In thousands) |
Weighted |
|
Gross |
|
|
Accumulated |
|
|
Net |
|
|||
Customer related |
9.2 years |
|
$ |
150,339 |
|
|
$ |
(104,648 |
) |
|
$ |
45,691 |
|
Trade names and trademarks |
5.6 years |
|
|
15,409 |
|
|
|
(13,269 |
) |
|
|
2,140 |
|
Developed technology |
1.4 years |
|
|
4,091 |
|
|
|
(2,932 |
) |
|
|
1,159 |
|
Licenses |
1.7 years |
|
|
764 |
|
|
|
(631 |
) |
|
|
133 |
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
$ |
170,603 |
|
|
$ |
(121,480 |
) |
|
$ |
49,123 |
|
|
June 30, 2024 |
|
|||||||||||
(In thousands) |
Weighted |
|
Gross |
|
|
Accumulated |
|
|
Net |
|
|||
Customer related |
8.5 years |
|
$ |
125,552 |
|
|
$ |
(95,383 |
) |
|
$ |
30,169 |
|
Trade names and trademarks |
6.6 years |
|
|
15,382 |
|
|
|
(12,857 |
) |
|
|
2,525 |
|
Developed technology |
2.4 years |
|
|
4,091 |
|
|
|
(2,114 |
) |
|
|
1,977 |
|
Licenses |
2.7 years |
|
|
760 |
|
|
|
(551 |
) |
|
|
209 |
|
Covenants not to compete |
0.6 years |
|
|
1,433 |
|
|
|
(1,370 |
) |
|
|
63 |
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
$ |
147,218 |
|
|
$ |
(112,275 |
) |
|
$ |
34,943 |
|
Amortization expense was $10,618 and $10,461 for the fiscal years ended June 30, 2025 and 2024, respectively.
Future amortization expense for each of the next five fiscal years ending June 30 are as follows:
(In thousands) |
|
|
|
|
|
2026 |
|
|
$ |
6,952 |
|
2027 |
|
|
|
6,352 |
|
2028 |
|
|
|
5,607 |
|
2029 |
|
|
|
5,023 |
|
2030 |
|
|
|
4,826 |
|
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Sep 15, 2025 | Showing above |
| 2024 | Sep 12, 2024 | |
| 2023 | Sep 13, 2023 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Sep 20, 2021 | |
| 2020 | Sep 28, 2020 | |
| 2019 | Sep 12, 2019 | |
| 2018 | Sep 13, 2018 | |
| 2017 | Sep 12, 2017 | |
| 2016 | Sep 13, 2016 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.