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Intangible Assets
 6 Months Ended
Dec. 31, 2014
Intangible Assets [Abstract]  
Intangible Assets
3. Intangible Assets

Intangible assets consisted of the following (in thousands):

 

     December 31,
2014		      June 30,
2014		  

Customer contracts and related customer relationships

    $ 515,453       $ 516,973   

Acquired technologies

      27,177         27,177   

Covenants not to compete

      3,410         3,472   

Other

      1,578         1,601   
  

 

 

     

 

 

  

Intangible assets

   547,618      549,223   

Customer contracts and related customer relationships

   (309,968 )    (291,583 ) 

Acquired technologies

   (24,232 )    (23,119 ) 

Covenants not to compete

   (3,151 )    (3,131 ) 

Other

   (988 )    (980 ) 
  

 

 

     

 

 

  

Less accumulated amortization

   (338,339 )    (318,813 ) 
  

 

 

     

 

 

  

Total intangible assets, net

 $ 209,279    $ 230,410   
  

 

 

     

 

 

  

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, 2014 is 13.1 years, and the weighted-average remaining period of amortization is 11.2 years. The weighted-average period of amortization for acquired technologies as of December 31, 2014 is 10.0 years, and the weighted-average remaining period of amortization is 5.1 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2015, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30,    Amount  

2015 (six months)

    $ 18,706   

2016

      32,648   

2017

      29,340   

2018

      25,296   

2019

      20,851   

Thereafter

      82,438   
  

 

 

  

Total intangible assets, net

 $ 209,279