Intangible Assets

3 Months Ended

Sep. 30, 2011

4. Intangible Assets

Intangible assets increased due to the acquisition of two businesses (see Note 3) and consisted of the following (in thousands):


	September 30, 2011	June 30, 2011

Customer contracts and related customer relationships	$ 317,741	$ 291,174
Acquired technologies	27,177	27,177
Covenants not to compete	3,401	3,070
Other	1,641	1,637

Intangible assets	349,960	323,058
Less accumulated amortization	(223,520 )	(214,956 )

Total intangible assets, net	$ 126,440	$ 108,102

Intangible assets are primarily amortized on an accelerated basis over periods ranging from 12 to 120 months. The weighted-average period of amortization for all customer contracts and related customer relationships as of September 30, 2011 is 8.6 years, and the weighted-average remaining period of amortization is 7.4 years. The weighted-average period of amortization for acquired technologies as of September 30, 2011 is 6.7 years, and the weighted-average remaining period of amortization is 6.0 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2012, and for each of the fiscal years thereafter, is as follows (in thousands):


Fiscal year ending June 30,	Amount
2012 (nine months)	$ 24,668
2013	25,939
2014	21,643
2015	16,509
2016	11,814
Thereafter	25,867

Total intangible assets, net	$ 126,440