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Intangible Assets
 6 Months Ended
Dec. 31, 2013
Intangible Assets [Abstract]  
Intangible Assets
3. Intangible Assets

Intangible assets increased due to the Six3 Systems acquisition (see Note 2) and consisted of the following (in thousands):

 

     December 31,
2013		     June 30,
2013		  

Customer contracts and related customer relationships

    $ 516,541      $ 351,349   

Acquired technologies

      27,177        27,177   

Covenants not to compete

      3,449        3,401   

Other

      1,593        1,639   
  

 

 

    

 

 

  

Intangible assets

      548,760        383,566   

Less accumulated amortization

      (296,352 )      (279,378 ) 
  

 

 

    

 

 

  

Total intangible assets, net

    $ 252,408      $ 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 December 31, 2013 is 11.5 years, and the weighted-average remaining period of amortization is 11.8 years. The weighted-average period of amortization for acquired technologies as of December 31, 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 (six months)

    $ 22,142   

2015

      39,343   

2016

      32,671   

2017

      29,361   

2018

      25,312   

Thereafter

      103,579   
  

 

 

  

Total intangible assets, net

    $ 252,408