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Note 4: Other Assets

12 Months Ended

Jun. 30, 2011

Deferred Costs, Capitalized, Prepaid, and Other Assets

NOTE 4: OTHER ASSETS

Goodwill

Changes in the carrying amount of goodwill for the years ended June 30, 2011 and 2010, by reportable segments, are:


	Banking Systems and Services	Credit Union Systems and Services	Total

Balance, as of July 1, 2009	$ 267,602	$ 24,798	$ 292,400
Goodwill acquired during the year	136,347	104,773	241,120
Balance, as of June 30, 2010	403,949	129,571	533,520
Goodwill acquired during the year	-	-	-
Balance, as of June 30, 2011	$ 403,949	$ 129,571	$ 533,520

The banking systems and services segment additions for fiscal 2010 relate primarily to the acquisitions of iPay and GFSI. The credit union systems and services segment additions for fiscal 2010 relate to the acquisitions of iPay and PTSI. See Note 12 for further details.

Trade names & Customer relationships

Information regarding other identifiable intangible assets is as follows:

June 30,

2011

2010

Carrying

Accumulated

Carrying

Accumulated

Amount

Amortization

Net

Amount

Amortization

Net

Customer relationships

$ 278,617

$ (99,484)

$ 179,133

$ 279,273

$ (82,945)

$ 196,328

Trade names

11,064

(467)

10,597

11,064

(249)

10,815

Totals

$ 289,681

$ (99,951)

$ 189,730

$ 290,337

$ (83,194)

$ 207,143

Most of our trade name assets have been determined to have indefinite lives and are not amortized. Customer relationships have lives ranging from five to 20 years.

Computer software

Computer software includes the unamortized cost of software products developed or acquired by the Company, which are capitalized and amortized over useful lives ranging from five to ten years.

Following is an analysis of the computer software capitalized:


	Carrying	Accumulated
	Amount	Amortization	Total

Balance, July 1, 2009	$ 129,271	$ (46,592)	$ 82,679
Acquired software	30,801	(4,870)	25,931
Capitalized development cost	25,586	-	25,586
Disposals	(783)	16	(767)
Amortization expense	-	(17,782)	(17,782)
Balance, June 30, 2010	184,875	(69,228)	115,647
Capitalized development cost	26,954	-	26,954
Disposals	(2,371)	1,795	(576)
Amortization expense	-	(31,189)	(31,189)
Balance, June 30, 2011	$ 209,458	$ (98,622)	$ 110,836

Amortization expense for all intangible assets was $48,602, $34,919, and $25,288 for the fiscal years ended June 30, 2011, 2010, and 2009, respectively. The estimated aggregate future amortization expense for each of the next five years for all intangible assets remaining as of June 30, 2011, is as follows:


Year	Software	Customer Relationships	Total

2012	29,543	16,169	45,712
2013	23,541	14,805	38,346
2014	19,629	14,805	34,434
2015	13,575	14,050	27,625
2016	6,263	13,427	19,690