Intangible Assets

9 Months Ended

Mar. 31, 2019

Finite Lived Intangible Assets Net [Abstract]

5.	Intangible Assets

Intangible assets consisted of the following (in thousands):

	March 31,			June 30,
	2019 (1)			2018
Intangible assets:
Customer contracts and related customer relationships	$	550,646		$	435,933
Acquired technologies		138,010			13,237
Other		800			804
Intangible assets		689,456			449,974
Less accumulated amortization:
Customer contracts and related customer relationships		(226,769	)		(199,018	)
Acquired technologies		(11,357	)		(8,761	)
Other		(492	)		(440	)
Less accumulated amortization		(238,618	)		(208,219	)
Total intangible assets, net	$	450,838		$	241,755

__________________

(1)

During the nine months ended March 31, 2019, the Company removed $0.7 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, 2019 is 16.6 years, and the weighted-average remaining period of amortization is 14.0 years. The weighted-average period of amortization for acquired technologies as of March 31, 2019 is 10.2 years, and the weighted-average remaining period of amortization is 10.1 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 (three months)	$	14,620
2020		57,638
2021		56,486
2022		53,335
2023		48,158
Thereafter		220,601
Total intangible assets, net	$	450,838