Intangible Assets

12 Months Ended

Jun. 30, 2011

Intangible Assets

Intangible Assets

NOTE 8. INTANGIBLE ASSETS

Intangible assets consisted of the following (in thousands):

	June 30,
	2011			2010
Customer contracts and related customer relationships	$	291,174		$	253,031
Acquired technologies		27,177			27,177
Covenants not to compete		3,070			2,373
Other		1,637			1,631
Intangible assets		323,058			284,212
Less accumulated amortization		(214,956	)		(175,914	)
Total intangible assets, net	$	108,102		$	108,298

Intangible assets are primarily amortized on an accelerated basis over periods ranging from 12 to 120 months. The weighted-average period of amortization for customer contracts and related customer relationships as of June 30, 2011 is 8.5 years, and the weighted-average remaining period of amortization is 6.8 years. The weighted-average period of amortization for acquired technologies as of June 30, 2011 is 6.7 years, and the weighted-average remaining period of amortization is 6.0 years.

          Amortization expense for the years ended June 30, 2011, 2010 and 2009 was $38.8 million, $37.2 million, and $32.1 million, respectively. Accumulated amortization as of June 30, 2011 for customer contracts and related customer relationships and for acquired technologies was $198.7 million and $13.0 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2016 and for periods thereafter is as follows (in thousands):

	Amount
Year ending June 30, 2012	$	29,261
Year ending June 30, 2013		21,677
Year ending June 30, 2014		17,859
Year ending June 30, 2015		13,296
Year ending June 30, 2016		8,606
Thereafter		17,403
Total intangible assets, net	$	108,102