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Acquired Intangible Assets
12 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Acquired Intangible Assets
ACQUIRED INTANGIBLE ASSETS
 
As of June 30, 2016
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
359,573

 
$
(155,848
)
 
$
203,725

Customer Assets
790,506

 
(347,991
)
 
442,515

Total
$
1,150,079

 
$
(503,839
)
 
$
646,240

 
 
 
 
 
 
 
As of June 30, 2015
 
Cost
 
Accumulated Amortization
 
Net
Technology Assets
$
428,724

 
$
(210,862
)
 
$
217,862

Customer Assets
716,525

 
(254,908
)
 
461,617

Total
$
1,145,249

 
$
(465,770
)
 
$
679,479


The above balances as of June 30, 2016 have been reduced to reflect the impact of intangible assets relating to acquisitions where the gross cost has become fully amortized during the year ended June 30, 2016. The impact of this resulted in a reduction of $129.3 million related to Technology Assets and $20.1 million related to Customer Assets.
The weighted average amortization periods for acquired technology and customer intangible assets are approximately five years and seven years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
 
Fiscal years ending
June 30,
2017
$
191,523

2018
178,804

2019
151,405

2020
79,891

2021
11,575

2022 and beyond
33,042

Total
$
646,240