Intangible Assets

3 Months Ended

Sep. 30, 2020

Finite Lived Intangible Assets Net [Abstract]

4.	Intangible Assets

Intangible assets consisted of the following (in thousands):

	September 30,			June 30,
	2020 (1)			2020
Intangible assets:
Customer contracts and related customer relationships	$	637,874		$	570,562
Acquired technologies		198,115			129,925
Other		8			8
Intangible assets		835,997			700,495
Less accumulated amortization:
Customer contracts and related customer relationships		(281,953	)		(271,708	)
Acquired technologies		(27,563	)		(21,900	)
Other		(3	)		(2	)
Less accumulated amortization		(309,519	)		(293,610	)
Total intangible assets, net	$	526,478		$	406,885

__________________

(1)

During the three months ended September 30, 2020, the Company removed $0.6 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, 2020 is 17.6 years, and the weighted-average remaining period of amortization is 14.7 years. The weighted-average period of amortization for acquired technologies as of September 30, 2020 is 10.5 years, and the weighted-average remaining period of amortization is 9.4 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2021, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,	Amount
2021 (nine months)	$	51,274
2022		68,452
2023		65,029
2024		57,693
2025		50,452
Thereafter		233,578
Total intangible assets, net	$	526,478