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Intangible Assets
 12 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
Intangible assets consisted of the following:
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Weighted
Average
Useful
Life
June 30, 2016
 
 
 
 
 
 
 
Customer relationships
$
105,370

 
$
(23,824
)
 
$
81,546

 
9.9 years
Licensing agreements and patents
756

 
(38
)
 
718

 
4.0 years
Completed technologies
35,840

 
(3,545
)
 
32,295

 
7.6 years
Backlog
2,330

 
(216
)
 
2,114

 
2.0 years
 
$
144,296

 
$
(27,623
)
 
$
116,673

 
 
June 30, 2015
 
 
 
 
 
 
 
Customer relationships
$
33,880

 
$
(17,364
)
 
$
16,516

 
6.8 years
Licensing agreements and patents
2,245

 
(2,096
)
 
149

 
5.0 years
Completed technologies
5,570

 
(4,237
)
 
1,333

 
5.3 years
 
$
41,695

 
$
(23,697
)
 
$
17,998

 
 

Estimated future amortization expense for intangible assets remaining at June 30, 2016 is as follows:
 
Year Ending
June 30,
2017
$
17,703

2018
16,744

2019
12,957

2020
11,374

2021
10,860

Thereafter
47,035

Total future amortization expense
$
116,673


The following table summarizes the preliminary estimated fair value of acquired intangible assets arising as a result of the Carve-Out Business acquisition. These assets are included in the Company's gross and net carrying amounts as of June 30, 2016.
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Weighted
Average
Useful
Life
Customer relationships
$
70,900

 
$
(1,122
)
 
$
69,778

 
11.5 years
Completed technologies
29,700

 
(670
)
 
29,030

 
7.8 years
Backlog
2,200

 
(183
)
 
2,017

 
2.0 years
 
$
102,800

 
$
(1,975
)
 
$
100,825

 

The following table summarizes the preliminary estimated fair value of acquired intangible assets arising as a result of the LIT acquisition. These assets are included in the Company's gross and net carrying amounts as of June 30, 2016.
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net
Carrying
Amount
 
Weighted
Average
Useful
Life
Completed technologies
$
3,240

 
$
(231
)
 
$
3,009

 
7.0 years
Customer relationships
590

 
(42
)
 
548

 
7.0 years
Backlog
130

 
(33
)
 
97

 
2.0 years
Total
$
3,960

 
$
(306
)
 
$
3,654