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Other Assets (Text Block)
12 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Assets Disclosure [Text Block]
OTHER ASSETS
Goodwill
The carrying amount of goodwill for the years ended June 30, 2015 and 2014, by reportable segments, is as follows:
 
June 30,
Banking
2015
 
2014
Beginning balance
$
423,190

 
$
403,720

Goodwill, acquired during the year

 
19,470

Goodwill, written off related to sale
(2,395
)
 

Ending balance
$
420,795

 
$
423,190

 
 
 
 
Credit Union
 
 
 
Beginning balance
$
129,571

 
$
129,571

Goodwill, acquired during the year

 

Ending balance
$
129,571

 
$
129,571


During the year the Profitstars® division of the Company sold its TeleWeb suite of Internet and mobile banking software products to Data Center Inc. (DCI). Goodwill allocated to the carrying amount of the net assets sold was calculated based on the relative fair values of the business disposed of and the portion of the reporting unit (in which the business resided) that was retained, multiplied by the reporting unit's carrying value of goodwill.
Other Intangible Assets
Information regarding other identifiable intangible assets is as follows:
 
June 30, 2015
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
$
276,337

 
(154,133
)
 
$
122,204

Computer software
$
416,674

 
(225,133
)
 
$
191,541

Other intangible assets:
 
 
 
 
 
Purchased software
32,192

 
(7,818
)
 
24,374

Trade names
12,498

 
(2,834
)
 
9,664

Other intangible assets, total
$
44,690

 
(10,652
)
 
$
34,038

 
 
 
 
 
 
 
June 30, 2014
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
$
276,337

 
(139,735
)
 
$
136,602

Computer software
$
345,248

 
(184,857
)
 
$
160,391

Other intangible assets:
 
 
 
 
 
Purchased software
17,162

 
(1,933
)
 
15,229

Trade names
12,498

 
(2,074
)
 
10,424

Total
$
29,660

 
(4,007
)
 
$
25,653


Customer relationships have lives ranging from 5 to 20 years. Our other intangible assets have useful lives ranging from 3 to 20 years.
Computer software includes the unamortized cost of commercial software products developed or acquired by the Company, which are capitalized and amortized over useful lives ranging from 5 to 10 years. Amortization expense for computer software totaled $43,798, $37,720, and $33,145 for the fiscal years ended June 30, 2015, 2014, and 2013, respectively. There were no material impairments in any of the fiscal years presented.
Amortization expense for all intangible assets was $64,841, $54,836, and $48,374 for the fiscal years ended June 30, 2015, 2014, and 2013, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2015, is as follows:
Years Ending June 30,
Computer Software
 
Customer
Relationships
 
Other Intangible Assets
 
Total
2016
$
44,416

 
$
13,814

 
$
7,756

 
$
65,986

2017
35,602

 
13,585

 
6,249

 
55,436

2018
28,080

 
13,050

 
2,686

 
43,816

2019
19,701

 
12,829

 
955

 
33,485

2020
8,224

 
10,699

 
560

 
19,483