Intangible Assets

9 Months Ended

Mar. 31, 2020

Finite Lived Intangible Assets Net [Abstract]

5.	Intangible Assets

Intangible assets consisted of the following (in thousands):

	March 31,			June 30,
	2020 (1)			2019
Intangible assets:
Customer contracts and related customer relationships	$	570,563		$	549,552
Acquired technologies		129,933			137,959
Other		12			800
Intangible assets		700,508			688,311
Less accumulated amortization:
Customer contracts and related customer relationships		(260,879	)		(236,935	)
Acquired technologies		(18,091	)		(14,750	)
Other		(5	)		(511	)
Less accumulated amortization		(278,975	)		(252,196	)
Total intangible assets, net	$	421,533		$	436,115

__________________

(1)

During the nine months ended March 31, 2020, the Company removed $17.6 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 March 31, 2020 is 16.9 years, and the weighted-average remaining period of amortization is 13.8 years. The weighted-average period of amortization for acquired technologies as of March 31, 2020 is 10.4 years, and the weighted-average remaining period of amortization is 9.2 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 (three months)	$	14,633
2021		58,276
2022		55,176
2023		50,074
2024		43,292
Thereafter		200,082
Total intangible assets, net	$	421,533