Intangible Assets

3 Months Ended

Sep. 30, 2019

Finite Lived Intangible Assets Net [Abstract]

5.	Intangible Assets

Intangible assets consisted of the following (in thousands):

	September 30,			June 30,
	2019 (1)			2019
Intangible assets:
Customer contracts and related customer relationships	$	547,801		$	549,552
Acquired technologies		138,031			137,959
Other		810			800
Intangible assets		686,642			688,311
Less accumulated amortization:
Customer contracts and related customer relationships		(245,547	)		(236,935	)
Acquired technologies		(18,558	)		(14,750	)
Other		(531	)		(511	)
Less accumulated amortization		(264,636	)		(252,196	)
Total intangible assets, net	$	422,006		$	436,115

__________________

(1)

During the three months ended September 30, 2019, the Company removed $2.0 million in fully amortized intangible assets.

Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to twenty years. The weighted-average period of amortization for all customer contracts and related customer relationships as of September 30, 2019 is 16.6 years, and the weighted-average remaining period of amortization is 13.7 years. The weighted-average period of amortization for acquired technologies as of September 30, 2019 is 10.3 years, and the weighted-average remaining period of amortization is 9.7 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2020, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,	Amount
2020 (nine months)	$	43,219
2021		56,520
2022		53,358
2023		48,181
2024		41,436
Thereafter		179,292
Total intangible assets, net	$	422,006