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Intangible Assets (Tables)
9 Months Ended
Mar. 31, 2021
Finite Lived Intangible Assets Net [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

March 31,

 

 

June 30,

 

 

 

2021 (1)

 

 

2020

 

Intangible assets:

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

$

602,407

 

 

$

570,562

 

Acquired technologies

 

 

198,262

 

 

 

129,925

 

Other

 

 

7

 

 

 

8

 

Intangible assets

 

 

800,676

 

 

 

700,495

 

Less accumulated amortization:

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(266,949

)

 

 

(271,708

)

Acquired technologies

 

 

(40,663

)

 

 

(21,900

)

Other

 

 

(2

)

 

 

(2

)

Less accumulated amortization

 

 

(307,614

)

 

 

(293,610

)

Total intangible assets, net

 

$

493,062

 

 

$

406,885

 

 

 

(1)

During the nine months ended March 31, 2021, the Company removed $37.4 million in fully amortized intangible assets.

Expected Amortization Expense

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 (three months)

 

$

16,889

 

2022

 

 

68,592

 

2023

 

 

65,164

 

2024

 

 

57,812

 

2025

 

 

50,552

 

Thereafter

 

 

234,053

 

Total intangible assets, net

 

$

493,062