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Intangible Assets
9 Months Ended
Mar. 31, 2016
Intangible Assets [Abstract]  
Intangible Assets

4.

Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

March 31,

 

 

June 30,

 

 

 

2016

 

 

2015

 

Customer contracts and related customer relationships

 

$

636,765

 

 

$

520,213

 

Acquired technologies

 

 

28,121

 

 

 

27,177

 

Covenants not to compete

 

 

3,362

 

 

 

3,417

 

Other

 

 

1,566

 

 

 

1,581

 

Intangible assets

 

 

669,814

 

 

 

552,388

 

Accumulated amortization:

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(353,550

)

 

 

(328,217

)

Acquired technologies

 

 

(25,474

)

 

 

(24,728

)

Covenants not to compete

 

 

(3,267

)

 

 

(3,241

)

Other

 

 

(1,047

)

 

 

(1,020

)

Less accumulated amortization

 

 

(383,338

)

 

 

(357,206

)

Total intangible assets, net

 

$

286,476

 

 

$

195,182

 

 

Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to fifteen years.  The weighted-average period of amortization for all customer contracts and related customer relationships as of March 31, 2016 is 13.9 years, and the weighted-average remaining period of amortization is 12.1 years.  The weighted-average period of amortization for acquired technologies as of March 31, 2016 is 10.0 years, and the weighted-average remaining period of amortization is 5.8 years.

 

Expected amortization expense for the remainder of the fiscal year ending June 30, 2016, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30,

 

Amount

 

2016 (three months)

 

$

10,804

 

2017

 

 

40,795

 

2018

 

 

36,200

 

2019

 

 

31,555

 

2020

 

 

27,073

 

Thereafter

 

 

140,049

 

Total intangible assets, net

 

$

286,476