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Intangible Assets
6 Months Ended
Dec. 31, 2012
Intangible Assets [Abstract]  
Intangible Assets

4. Intangible Assets

Intangible assets increased due to the Delta, Emergint and IDL acquisitions (see Note 3) and consisted of the following (in thousands):

    December 31,     June 30,  
    2012     2012  
 
Customer contracts and related customer relationships $ 351,933   $ 331,548  
Acquired technologies   27,177     27,177  
Covenants not to compete   3,401     3,401  
Other   1,639     1,639  
Intangible assets   384,150     363,765  
Less accumulated amortization   (264,368 )   (248,949 )
Total intangible assets, net $ 119,782   $ 114,816  

 

Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to fifteen years. The weighted-average period of amortization for all customer contracts and related customer relationships as of December 31, 2012 is 9.0 years, and the weighted-average remaining period of amortization is 8.2 years. The weighted-average period of amortization for acquired technologies as of December 31, 2012 is 6.7 years, and the weighted-average remaining period of amortization is 5.4 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2013, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,   Amount
2013 (six months) $ 15,254
2014   25,702
2015   20,045
2016   15,202
2017   13,088
Thereafter   30,491
Total intangible assets, net $ 119,782