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Intangible Assets
3 Months Ended
Sep. 30, 2018
Finite Lived Intangible Assets Net [Abstract]  
Intangible Assets

5.

Intangible Assets

 

Intangible assets consisted of the following (in thousands):

 

 

 

September 30,

 

 

June 30,

 

 

 

2018 (1)

 

 

2018

 

Intangible assets:

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

$

444,528

 

 

$

435,933

 

Acquired technologies

 

 

13,210

 

 

 

13,237

 

Other

 

 

804

 

 

 

804

 

Intangible assets

 

 

458,542

 

 

 

449,974

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(208,313

)

 

 

(199,018

)

Acquired technologies

 

 

(9,126

)

 

 

(8,761

)

Other

 

 

(459

)

 

 

(440

)

Less accumulated amortization

 

 

(217,898

)

 

 

(208,219

)

Total intangible assets, net

 

$

240,644

 

 

$

241,755

 

__________________

 

(1)

During the three months ended September 30, 2018, the Company removed $0.1 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 September 30, 2018 is 14.9 years, and the weighted-average remaining period of amortization is 11.6 years.  The weighted-average period of amortization for acquired technologies as of September 30, 2018 is 7.0 years, and the weighted-average remaining period of amortization is 5.5 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2019, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30,

 

Amount

 

2019 (nine months)

 

$

27,155

 

2020

 

 

32,462

 

2021

 

 

28,787

 

2022

 

 

25,017

 

2023

 

 

22,350

 

Thereafter

 

 

104,873

 

Total intangible assets, net

 

$

240,644