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Intangible Assets
12 Months Ended
Jun. 30, 2015
Intangible Assets Net Excluding Goodwill [Abstract]  
Intangible Assets

(7) INTANGIBLE ASSETS

Identifiable acquisition-related intangible assets as of June 30, 2015 and 2014 were as follows (in millions):

 

 

 

Gross

Carrying

Amount

 

 

Accumulated

Amortization

 

 

Net

 

June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

Finite-Lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

1,080.3

 

 

$

(155.0

)

 

$

925.3

 

Trade names

 

 

0.2

 

 

 

(0.1

)

 

 

0.1

 

Underlying rights

 

 

1.7

 

 

 

(0.2

)

 

 

1.5

 

Total

 

 

1,082.2

 

 

 

(155.3

)

 

 

926.9

 

Indefinite-Lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Certifications

 

 

3.5

 

 

 

 

 

 

3.5

 

Underlying Rights

 

 

17.9

 

 

 

 

 

 

17.9

 

Total

 

$

1,103.6

 

 

$

(155.3

)

 

$

948.3

 

June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

Finite-Lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

789.2

 

 

$

(103.6

)

 

$

685.6

 

Trade names

 

 

0.1

 

 

 

 

 

 

0.1

 

Underlying rights

 

 

1.8

 

 

 

(0.1

)

 

 

1.7

 

Total

 

 

791.1

 

 

 

(103.7

)

 

 

687.4

 

Indefinite-Lived Intangible Assets

 

 

 

 

 

 

 

 

 

 

 

 

Certifications

 

 

3.5

 

 

 

 

 

 

3.5

 

Underlying rights

 

 

19.4

 

 

 

 

 

 

19.4

 

Total

 

$

814.0

 

 

$

(103.7

)

 

$

710.3

 

 

The weighted average remaining amortization period for the Company’s customer relationships and trade name assets is 16.3 years and 1.0 years, respectively. The Company has determined that certain underlying rights (including easements) and the certifications have indefinite lives. The amortization period for underlying rights (including easements) is 20 years. The amortization of intangible assets for the years ended June 30, 2015, 2014 and 2013 was $54.8 million, $44.0 million, and $44.4 million, respectively.

During the years ended June 30, 2015 and 2014, the Company wrote off $3.5 million and $27.2 million in fully amortized intangible assets, respectively. Estimated future amortization of finite-lived intangible assets is as follows (in millions):

 

Year Ended June 30,

 

 

 

 

2016

 

$

66.3

 

2017

 

 

66.2

 

2018

 

 

66.2

 

2019

 

 

66.2

 

2020

 

 

62.6

 

Thereafter

 

 

599.4

 

Total

 

$

926.9