H&R BLOCK INC | 2013 | FY | 3


GOODWILL AND INTANGIBLE ASSETS
Changes in the carrying amount of goodwill of our Tax Services segment for the years ended April 30, 2013 and 2012 are as follows:
(in 000s)
 
 
 
Goodwill

 
Accumulated Impairment Losses

 
Net

Balance at April 30, 2011
 
$
459,039

 
$
(24,888
)
 
$
434,151

Acquisitions
 
5,377

 

 
5,377

Disposals and foreign currency changes, net
 
(4,553
)
 

 
(4,553
)
Impairments
 

 
(7,409
)
 
(7,409
)
Balance at April 30, 2012
 
459,863

 
(32,297
)
 
427,566

Acquisitions
 
7,625

 

 
7,625

Disposals and foreign currency changes, net
 
(409
)
 

 
(409
)
Impairments
 

 

 

Balance at April 30, 2013
 
$
467,079

 
$
(32,297
)
 
$
434,782


We tested goodwill for impairment in the fourth quarter of fiscal year 2013, and did not identify any impairment.
In fiscal year 2012, we discontinued service under our ExpressTax brand and closed approximately 200 underperforming company-owned offices. As a result, we recorded an impairment of goodwill, in the amount of $7.4 million. There is no remaining goodwill related to our ExpressTax brand. We recorded a $22.7 million impairment in our former RedGear reporting unit in fiscal year 2011.
Components of the intangible assets of our Tax Services segment are as follows:
(in 000s)
 
As of April 30,
 
2013
 
2012
 
 
Gross
Carrying
Amount

 
Accumulated
Amortization

 
Net

 
Gross
Carrying
Amount

 
Accumulated
Amortization

 
Net

Reacquired franchise rights
 
$
214,330

 
$
(18,204
)
 
$
196,126

 
$
214,330

 
$
(14,083
)
 
$
200,247

Customer relationships
 
100,719

 
(48,733
)
 
51,986

 
90,433

 
(46,504
)
 
43,929

Internally-developed software
 
91,745

 
(72,764
)
 
18,981

 
104,685

 
(92,472
)
 
12,213

Noncompete agreements
 
23,058

 
(21,728
)
 
1,330

 
22,337

 
(21,425
)
 
912

Franchise agreements
 
19,201

 
(5,654
)
 
13,547

 
19,201

 
(4,373
)
 
14,828

Purchased technology
 
14,800

 
(12,331
)
 
2,469

 
14,700

 
(10,665
)
 
4,035

Trade name
 
300

 
(300
)
 

 
1,300

 
(800
)
 
500

 
 
$
464,153

 
$
(179,714
)
 
$
284,439

 
$
466,986

 
$
(190,322
)
 
$
276,664


Amortization of intangible assets of continuing operations for the years ended April 30, 2013, 2012 and 2011 was $24.2 million, $27.8 million and $29.5 million, respectively. We recorded impairments of various intangible assets totaling $3.6 million during fiscal year 2013, including those related to our former RedGear reporting unit. We recorded an impairment of customer relationships of $4.0 million during fiscal year 2012, related to the discontinuation of our ExpressTax brand, as discussed above. Estimated amortization of intangible assets for fiscal years 2014, 2015, 2016, 2017 and 2018 is $22.1 million, $18.2 million, $14.8 million, $12.3 million and $11.3 million, respectively.

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