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INTANGIBLE ASSETS
 12 Months Ended
Jun. 30, 2014
Intangible Assets [Abstract]  
INTANGIBLE ASSETS

NOTE 8. INTANGIBLE ASSETS

 

Intangible assets consisted of the following (in thousands):

 

     June 30,  
     2014     2013  

Intangible assets

     

Customer contracts and related customer relationships

    $ 516,973      $ 351,349   

Acquired technologies

      27,177        27,177   

Covenants not to compete

      3,472        3,401   

Other

      1,601        1,639   
  

 

 

    

 

 

  

Intangible assets

      549,223        383,566   

Less accumulated amortization

     

Customer contracts and related customer relationships

      (291,583 )      (254,840 ) 

Acquired technologies

      (23,119 )      (20,686 ) 

Covenants not to compete

      (3,131 )      (2,896 ) 

Other

      (980 )      (956 ) 
  

 

 

    

 

 

  

Accumulated amortization

      (318,813 )      (279,378 ) 
  

 

 

    

 

 

  

Total intangible assets, net

    $ 230,410      $ 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 customer contracts and related customer relationships as of June 30, 2014 is 13.1 years, and the weighted-average remaining period of amortization is 11.5 years. The weighted-average period of amortization for acquired technologies as of June 30, 2014 is 9.4 years, and the weighted-average remaining period of amortization is 4.9 years.

 

Amortization expense for the years ended June 30, 2014, 2013 and 2012 was $38.6 million, $30.5 million, and $35.1 million, respectively. Accumulated amortization as of June 30, 2014 for customer contracts and related customer relationships and for acquired technologies was $291.6 million and $23.1 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2019 and for years thereafter is as follows (in thousands):

 

     Amount  

Year ending June 30, 2015

    $ 39,446   

Year ending June 30, 2016

      32,754   

Year ending June 30, 2017

      29,429   

Year ending June 30, 2018

      25,368   

Year ending June 30, 2019

      20,903   

Thereafter

      82,510   
  

 

 

  

Total intangible assets, net

    $ 230,410