Intangible Assets

12 Months Ended

Jun. 30, 2016

Intangible Assets

Intangible Assets

Note 6—Intangible Assets

Intangible assets, net, consisted of the following:

	Successor
	Gross Carrying		Accumulated				Weighted Average
As of June 30, 2016	Amount		Amortization		Net		Useful Life (Years)
Customer relationships	$	450,505	$	(122,540)	$	327,965	20
Developed technology		17,746		(8,256)		9,490	5
Photo library		1,396		(667)		729	5
Licensing agreements		3,372		(698)		2,674	20
Total	$	473,019	$	(132,161)	$	340,858

	Successor
	Gross Carrying		Accumulated				Weighted Average
As of June 30, 2015	Amount		Amortization		Net		Useful Life (Years)
Customer relationships	$	479,778	$	(78,457)	$	401,321	20
Developed technology		19,907		(5,508)		14,399	5
Photo library		1,259		(403)		856	5
Licensing agreements		3,524		(367)		3,157	20
Total	$	504,468	$	(84,735)	$	419,733

Amortization expense included in selling, general and administrative expenses was as follows:

	Successor						Predecessor
	Fiscal Year Ended				Period from August		Period from July 1
	June 30,				15, 2013 through		2013 through
	2016		2015		June 30, 2014		August 14, 2013
Amortization of intangible assets	$	55,317	$	53,668	$	31,375	$	948

Estimated future amortization expense related to intangible assets over the next five fiscal years is as follows:

	Fiscal Year ended June 30,
	2017		2018		2019		2020		2021
Estimated amortization expense	$	51,441	$	47,804	$	40,687	$	33,085	$	28,459