Intangible Assets

9 Months Ended

Mar. 31, 2017

Finite Lived Intangible Assets Net [Abstract]

Intangible Assets

4. Intangible Assets

Intangible assets consisted of the following (in thousands):

	March 31,			June 30,
	2017			2016
Customer contracts and related customer relationships	$	635,194		$	635,826
Acquired technologies		28,451			28,074
Covenants not to compete		3,284			3,321
Other		1,537			1,551
Intangible assets		668,466			668,772
Accumulated amortization:
Customer contracts and related customer relationships		(392,935	)		(363,412	)
Acquired technologies		(26,342	)		(25,693	)
Covenants not to compete		(3,252	)		(3,245	)
Other		(1,087	)		(1,050	)
Less accumulated amortization		(423,616	)		(393,400	)
Total intangible assets, net	$	244,850		$	275,372

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, 2017 is 14.1 years, and the weighted-average remaining period of amortization is 11.4 years.  The weighted-average period of amortization for acquired technologies as of March 31, 2017 is 9.6 years, and the weighted-average remaining period of amortization is 6.1 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2017, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,	Amount
2017 (three months)	$	9,695
2018		36,222
2019		31,562
2020		27,097
2021		23,904
Thereafter		116,370
Total intangible assets, net	$	244,850