Intangible Assets (Tables)

6 Months Ended

Dec. 31, 2021

Finite Lived Intangible Assets Net [Abstract]

Intangible assets, net including those allocated on a preliminary basis, consisted of the following (in thousands):

	December 31,			June 30,
	2021 (1)			2021
Intangible assets:
Customer contracts and related customer relationships	$	660,842		$	601,516
Acquired technologies		280,420			198,273
Intangible assets		941,262			799,789
Less accumulated amortization:
Customer contracts and related customer relationships		(258,104	)		(276,498	)
Acquired technologies		(62,470	)		(47,185	)
Less accumulated amortization		(320,574	)		(323,683	)
Total intangible assets, net	$	620,688		$	476,106

(1)

During the six months ended December 31, 2021, the Company removed $38.5 million in fully amortized intangible assets.

Schedule of Estimated Annual Amortization Expense

Amortization expense was $18.1 million and $35.6 million for the three and six months ended December 31, 2021, respectively, and $17.5 million and $33.6 million for the three and six months ended December 31, 2020, respectively. The estimated annual amortization expense as of December 31, 2021 was as follows (in thousands):

Fiscal year ending June 30,	Amount
2022 (remainder of year)	$	38,514
2023		75,525
2024		72,050
2025		67,882
2026		60,244
2027 and thereafter		306,473
	$	620,688