Intangible Assets

9 Months Ended

Mar. 31, 2014

Intangible Assets [Abstract]

Intangible Assets

3. Intangible Assets

Intangible assets increased due to the Six3 Systems acquisition (see Note 2) and consisted of the following (in thousands):

	March 31, 2014			June 30, 2013
Customer contracts and related customer relationships	$	516,663		$	351,349
Acquired technologies		27,177			27,177
Covenants not to compete		3,456			3,401
Other		1,595			1,639
Intangible assets		548,891			383,566
Less accumulated amortization		(307,459	)		(279,378	)
Total intangible assets, net	$	241,432		$	104,188

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 March 31, 2014 is 11.5 years, and the weighted-average remaining period of amortization is 11.7 years. The weighted-average period of amortization for acquired technologies as of March 31, 2014 is 6.7 years, and the weighted-average remaining period of amortization is 4.9 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2014, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,	Amount
2014 (three months)	$	11,103
2015		39,424
2016		32,735
2017		29,413
2018		25,356
Thereafter		103,401
Total intangible assets, net	$	241,432