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Intangible Assets
9 Months Ended
Mar. 31, 2018
Finite Lived Intangible Assets Net [Abstract]  
Intangible Assets

4.

Intangible Assets

 

Intangible assets consisted of the following (in thousands):

 

 

 

March 31,

 

 

June 30,

 

 

 

2018 (1)

 

 

2017

 

Intangible assets

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

$

419,571

 

 

$

635,895

 

Acquired technologies

 

 

13,361

 

 

 

28,503

 

Covenants not to compete

 

 

 

 

 

3,305

 

Other

 

 

804

 

 

 

1,545

 

Intangible assets

 

 

433,736

 

 

 

669,248

 

Less accumulated amortization

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(190,590

)

 

 

(402,934

)

Acquired technologies

 

 

(8,401

)

 

 

(26,542

)

Covenants not to compete

 

 

 

 

 

(3,288

)

Other

 

 

(421

)

 

 

(1,113

)

Less accumulated amortization

 

 

(199,412

)

 

 

(433,877

)

Total intangible assets, net

 

$

234,324

 

 

$

235,371

 

__________________

 

(1)

During the nine months ended March 31, 2018, the Company wrote off $263.9 million in fully amortized intangible assets.

Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to twenty years.  The weighted-average period of amortization for all customer contracts and related customer relationships as of March 31, 2018 is 14.7 years, and the weighted-average remaining period of amortization is 11.5 years.  The weighted-average period of amortization for acquired technologies as of March 31, 2018 is 7.1 years, and the weighted-average remaining period of amortization is 5.9 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2018, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30,

 

Amount

 

2018 (three months)

 

$

9,414

 

2019

 

 

34,204

 

2020

 

 

29,605

 

2021

 

 

26,152

 

2022

 

 

22,580

 

Thereafter

 

 

112,369

 

Total intangible assets, net

 

$

234,324