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INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2021
Finite Lived Intangible Assets Net [Abstract]  
Schedule of Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

June 30,

 

 

 

2021 (1)

 

 

2020

 

Intangible assets

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

$

601,509

 

 

$

570,562

 

Acquired technologies

 

 

198,273

 

 

 

129,925

 

Other

 

 

7

 

 

 

8

 

Intangible assets

 

 

799,789

 

 

 

700,495

 

Less accumulated amortization

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(276,496

)

 

 

(271,708

)

Acquired technologies

 

 

(47,185

)

 

 

(21,900

)

Other

 

 

(2

)

 

 

(2

)

Accumulated amortization

 

 

(323,683

)

 

 

(293,610

)

Total intangible assets, net

 

$

476,106

 

 

$

406,885

 

 

 

(1)

During FY2021, the Company removed $38.2 million in fully amortized intangible assets.

Expected Amortization Expense Expected amortization expense for each of the fiscal years through June 30, 2026 and for years thereafter is as follows (in thousands):

 

 

 

Amount

 

Year ending June 30, 2022

 

$

68,594

 

Year ending June 30, 2023

 

 

65,164

 

Year ending June 30, 2024

 

 

57,811

 

Year ending June 30, 2025

 

 

50,551

 

Year ending June 30, 2026

 

 

42,939

 

Thereafter

 

 

191,047

 

Total intangible assets, net

 

$

476,106