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Intangible Assets
3 Months Ended
Sep. 30, 2013
Intangible Assets [Abstract]  
Intangible Assets
2. Intangible Assets

Intangible assets consisted of the following (in thousands):

September 30,
2013
June 30,
2013

Customer contracts and related customer relationships

$ 351,908 $ 351,349

Acquired technologies

27,177 27,177

Covenants not to compete

3,435 3,401

Other

1,586 1,639

Intangible assets

384,106 383,566

Less accumulated amortization

(286,425 ) (279,378 )

Total intangible assets, net

$ 97,681 $ 104,188

 

Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to fifteen years. The weighted-average period of amortization for all customer contracts and related customer relationships as of September 30, 2013 is 9.0 years, and the weighted-average remaining period of amortization is 7.8 years. The weighted-average period of amortization for acquired technologies as of September 30, 2013 is 6.7 years, and the weighted-average remaining period of amortization is 5.0 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2014, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30, Amount

2014 (nine months)

$ 18,861

2015

20,038

2016

15,190

2017

13,081

2018

9,706

Thereafter

20,805

Total intangible assets, net

$ 97,681