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Acquired Intangible Assets
 6 Months Ended
Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS
ACQUIRED INTANGIBLE ASSETS
 
As of December 31, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
981,026

 
$
(344,994
)
 
$
636,032

Customer assets
1,335,610

 
(503,264
)
 
832,346

Total
$
2,316,636

 
$
(848,258
)
 
$
1,468,378

 
 
 
 
 
 
 
As of June 30, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
930,841

 
$
(272,872
)
 
$
657,969

Customer assets
1,230,806

 
(416,233
)
 
814,573

Total
$
2,161,647

 
$
(689,105
)
 
$
1,472,542


The above balances as of December 31, 2017 have been reduced to reflect the impact of intangible assets relating to acquisitions where the gross cost has become fully amortized during the six months ended December 31, 2017. The impact of this resulted in a reduction of $19.0 million related to Technology assets and $3.0 million related to Customer assets.
The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and eight years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
 
Fiscal years ending
June 30,
2018 (six months ended June 30)
$
186,702

2019
346,701

2020
275,188

2021
187,202

2022
177,208

2023 and beyond
295,377

Total
$
1,468,378