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Other Assets (Text Block)
12 Months Ended
Jun. 30, 2017
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, 2017 and 2016, by reportable segments, is as follows:
 
June 30,
Bank systems and services
2017
 
2016
Beginning balance
$
423,282

 
$
420,795

Goodwill, acquired during the year

 
6,099

Goodwill, written-off related to sale
(388
)
 
(3,612
)
Ending balance
$
422,894

 
$
423,282

 
 
 
 
Credit Union systems and services
 
 
 
Beginning balance
$
129,571

 
$
129,571

Goodwill, acquired during the year

 

Ending balance
$
129,571

 
$
129,571


The Goodwill written-off during fiscal 2017 was a result of our sale of our Regulatory Filing products to Fed Reporter on May 1, 2017. Goodwill allocated to the carrying amount of the net assets sold (mainly computer software) was calculated based on the relative fair values of the business disposed and the portion of the reporting unit that was retained.
The goodwill acquired during fiscal 2016 of $6,099 was a result of our purchase of Bayside Business Solutions, Inc. The goodwill arising from this acquisition consists largely of the growth potential, synergies and economies of scale expected from combining the operations of the Company with those of Bayside Business Solutions, together with the value of Bayside Business Solutions’ assembled workforce. Goodwill from this acquisition has been allocated to our Bank segment.
During fiscal 2016 the Company sold its Alogent business (Alogent) to Antelope Acquisition Co., an affiliate of Battery Ventures. Alogent was included in our Bank segment. Goodwill allocated to the carrying amount of the net assets sold was calculated based on the relative fair values of the business disposed and the portion of the reporting unit that was retained.
Other Intangible Assets
Information regarding other identifiable intangible assets is as follows:
 
June 30, 2017
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
$
262,693

 
$
(172,260
)
 
$
90,433

Computer software
$
543,913

 
$
(296,596
)
 
$
247,317

Other intangible assets:
$
71,190

 
$
(34,797
)
 
$
36,393

 
 
 
 
 
 
 
June 30, 2016
 
Gross Carrying Amount
 
Accumulated Amortization
 
Net
Customer relationships
$
266,545

 
$
(162,460
)
 
$
104,085

Computer software
$
474,738

 
$
(252,623
)
 
$
222,115

Other intangible assets:
$
56,494

 
$
(20,788
)
 
$
35,706


Customer relationships have lives ranging from 5 to 20 years.
Computer software includes cost of software to be sold, leased, or marketed of $117,065 and costs of internal-use software of $130,252 at June 30, 2017. At June 30, 2016, costs of software to be sold, leased, or marketed totaled $108,991, and costs of internal-use software totaled $113,124.
Computer software includes the unamortized cost of commercial software products developed or acquired by the Company, which are capitalized and amortized over useful lives generally ranging from 5 to 10 years. Amortization expense for computer software totaled $60,880, $54,810, and $43,798 for the fiscal years ended June 30, 2017, 2016, and 2015, respectively. There were no material impairments in any of the fiscal years presented.
Our other intangible assets have useful lives ranging from 3 to 20 years.
Amortization expense for all intangible assets was $90,109, $79,077, and $64,841 for the fiscal years ended June 30, 2017, 2016, and 2015, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2017, is as follows:
Years Ending June 30,
Computer Software
 
Customer
Relationships
 
Other Intangible Assets
 
Total
2018
$
60,412

 
$
12,220

 
$
12,779

 
$
85,411

2019
52,157

 
11,978

 
8,462

 
72,597

2020
41,555

 
10,074

 
2,962

 
54,591

2021
24,874

 
8,430

 
641

 
33,945

2022
9,522

 
7,811

 
613

 
17,946