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Intangible Assets

3 Months Ended

Sep. 30, 2021

Note 8. Intangible Assets

Intangible assets, net as of September 30, 2021 and June 30, 2021 consisted of the following:


	Weighted	Gross Carrying Amount				Accumulated Amortization				Intangible Assets, Net
	Avg. Life	September 30,		June 30,		September 30,		June 30,		September 30,		June 30,
(In thousands)	(Yrs.)	2021		2021		2021		2021		2021		2021
Definite-lived:
KUPI product rights	15	$	83,955	$	83,955	$	(6,297)	$	(4,198)	$	77,658	$	79,757
KUPI trade name	2		2,920		2,920		(2,920)		(2,920)		—		—
KUPI other intangible assets	15		19,000		19,000		(7,412)		(7,095)		11,588		11,905
Silarx product rights	15		20,000		20,000		(5,222)		(4,889)		14,778		15,111
Other product rights	10		37,417		35,918		(10,103)		(8,856)		27,314		27,062
Total definite-lived		$	163,292	$	161,793	$	(31,954)	$	(27,958)	$	131,338	$	133,835

Indefinite-lived:
KUPI in-process research and development	—	$	4,000	$	4,000	$	—	$	—	$	4,000	$	4,000
Total indefinite-lived			4,000		4,000		—		—		4,000		4,000
Total intangible assets, net		$	167,292	$	165,793	$	(31,954)	$	(27,958)	$	135,338	$	137,835

For the three months ended September 30, 2021 and 2020, the Company recorded amortization expense of $4.0 million and $8.6 million, respectively.

Future annual amortization expense consisted of the following as of September 30, 2021: