XML 87 R10.htm IDEA: XBRL DOCUMENT v3.2.0.727
Other Assets (Text Block)
12 Months Ended
Jun. 30, 2014
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Assets Disclosure [Text Block]
OTHER ASSETS
Goodwill
The carrying amount of goodwill for the years ended June 30, 2014 and 2013, by reportable segments, is as follows:
 
June 30,
Banking
2014
 
2013
Beginning balance
$
403,720

 
$
403,949

Goodwill, acquired during the year
19,470

 

Goodwill, written off related to sale

 
(229
)
Ending balance
$
423,190

 
$
403,720

 
 
 
 
Credit Union
 
 
 
Beginning balance
$
129,571

 
$
129,571

Goodwill, acquired during the year

 

Ending balance
$
129,571

 
$
129,571


Other Intangible Assets
Information regarding other identifiable intangible assets is as follows:
 
June 30,
 
2014
 
2013
Customer relationships
$
276,337

 
$
272,391

Less accumulated amortization
(139,735
)
 
(125,224
)
Customer relationships, net
$
136,602

 
$
147,167

 
 
 
 
Other intangible assets
$
29,660

 
$
10,735

Less accumulated amortization
(4,007
)
 
(1,355
)
Other intangible assets, net
$
25,653

 
$
9,380

 
 
 
 
Computer software
$
345,248

 
$
288,095

Less accumulated amortization
(184,857
)
 
(155,483
)
Computer software, net
$
160,391

 
$
132,612


Customer relationships have lives ranging from 5 to 20 years. Our other intangible assets have useful lives ranging from 3 to 20 years.
Computer software includes the unamortized cost of commercial software products developed or acquired by the Company, which are capitalized and amortized over useful lives ranging from 5 to 10 years. Amortization expense for computer software totaled $37,720, $33,145, and $32,807 for the fiscal years ended June 30, 2014, 2013, and 2012, respectively. There were no material impairments in any of the fiscal years presented.
Amortization expense for all intangible assets was $54,836, $48,374, and $49,297 for the fiscal years ended June 30, 2014, 2013, and 2012, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2014, is as follows:
Years Ending June 30,
Computer Software
 
Customer
Relationships
 
Other Intangible Assets
 
Total
2015
$
39,051

 
$
14,398

 
$
4,493

 
$
57,942

2016
31,820

 
13,814

 
4,267

 
49,901

2017
23,006

 
13,585

 
2,761

 
39,352

2018
15,496

 
13,050

 
894

 
29,440

2019
7,151

 
12,829

 
697

 
20,677