Intangible Assets

9 Months Ended

Mar. 31, 2017

Intangible Assets

Intangible Assets

Note 6—Intangible Assets

Intangible assets, net, consisted of the following:

	Gross Carrying		Accumulated				Weighted Average
As of March 31, 2017	Amount		Amortization		Net		Useful Life (Years)
Customer relationships	$	440,849	$	(153,556)	$	287,293	20
Developed technology		22,549		(10,441)		12,108	5
Photo library		1,501		(883)		618	5
Licensing agreements		3,300		(940)		2,360	20
Total	$	468,199	$	(165,820)	$	302,379

	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

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

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2017		2016		2017		2016
Amortization of intangible assets	$	12,580	$	13,557	$	37,798	$	41,665