XML 216 R15.htm IDEA: XBRL DOCUMENT v2.4.0.8
Intangible Assets
12 Months Ended
Jun. 30, 2013
Intangible Assets [Abstract]  
Intangible Assets

NOTE 8. INTANGIBLE ASSETS

Intangible assets consisted of the following (in thousands):

    June 30,  
    2013     2012  
Customer contracts and related customer relationships $ 351,349   $ 331,548  
Acquired technologies   27,177     27,177  
Covenants not to compete   3,401     3,401  
Other   1,639     1,639  
Intangible assets   383,566     363,765  
Less accumulated amortization   (279,378 )   (248,949 )
Total intangible assets, net $ 104,188   $ 114,816  

 

     Intangible assets are primarily amortized on an accelerated basis over periods ranging from 12 to 180 months. The weighted-average period of amortization for customer contracts and related customer relationships as of June 30, 2013 is 9.0 years, and the weighted-average remaining period of amortization is 8.0 years. The weighted-average period of amortization for acquired technologies as of June 30, 2013 is 6.7 years, and the weighted-average remaining period of amortization is 5.2 years.

     Amortization expense for the years ended June 30, 2013, 2012 and 2011 was $30.5 million, $35.1 million, and $38.8 million, respectively. Accumulated amortization as of June 30, 2013 for customer contracts and related customer relationships and for acquired technologies was $254.8 million and $20.7 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2018 and for periods thereafter is as follows (in thousands):

    Amount
Year ending June 30, 2014 $ 25,631
Year ending June 30, 2015   19,974
Year ending June 30, 2016   15,135
Year ending June 30, 2017   13,034
Year ending June 30, 2018   9,669
Thereafter   20,745
Total intangible assets, net $ 104,188