Intangible Assets (Tables)

9 Months Ended

Mar. 31, 2022

Finite Lived Intangible Assets Net [Abstract]

Intangible assets, net including those allocated on a preliminary basis, consisted of the following (in thousands):

	March 31,			June 30,
	2022 (1)			2021
Intangible assets:
Customer contracts and related customer relationships	$	658,475		$	601,516
Acquired technologies		280,358			198,273
Intangible assets		938,833			799,789
Less accumulated amortization:
Customer contracts and related customer relationships		(266,260	)		(276,498	)
Acquired technologies		(71,109	)		(47,185	)
Less accumulated amortization		(337,369	)		(323,683	)
Total intangible assets, net	$	601,464		$	476,106

(1)

During the nine months ended March 31, 2022, the Company removed $40.9 million in fully amortized intangible assets.

Schedule of Estimated Annual Amortization Expense

Amortization expense was $19.3 million and $54.9 million for the three and nine months ended March 31, 2022, respectively, and $17.0 million and $50.6 million for the three and nine months ended March 31, 2021, respectively. The estimated annual amortization expense as of March 31, 2022 was as follows (in thousands):

Fiscal year ending June 30,	Amount
2022 (remainder of year)	$	19,209
2023		75,506
2024		72,035
2025		67,872
2026		60,242
2027 and thereafter		306,600
	$	601,464