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Intangible Assets
3 Months Ended
Sep. 30, 2015
Intangible Assets [Abstract]  
Intangible Assets

4.

Intangible Assets

Intangible assets consisted of the following (in thousands):

 

 

 

September 30,

 

 

June 30,

 

 

 

2015

 

 

2015

 

Customer contracts and related customer relationships

 

$

520,549

 

 

$

520,213

 

Acquired technologies

 

 

27,864

 

 

 

27,177

 

Covenants not to compete

 

 

3,395

 

 

 

3,417

 

Other

 

 

1,574

 

 

 

1,581

 

Intangible assets

 

 

553,382

 

 

 

552,388

 

 

 

 

 

 

 

 

 

 

Customer contracts and related customer relationships

 

 

(336,211

)

 

 

(328,217

)

Acquired technologies

 

 

(24,992

)

 

 

(24,728

)

Covenants not to compete

 

 

(3,257

)

 

 

(3,241

)

Other

 

 

(1,027

)

 

 

(1,020

)

Less accumulated amortization

 

 

(365,487

)

 

 

(357,206

)

Total intangible assets, net

 

$

187,895

 

 

$

195,182

 

 

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, 2015 is 13.3 years, and the weighted-average remaining period of amortization is 10.8 years.  The weighted-average period of amortization for acquired technologies as of September 30, 2015 is 10.0 years, and the weighted-average remaining period of amortization is 5.6 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2016, and for each of the fiscal years thereafter, is as follows (in thousands):

 

Fiscal year ending June 30,

 

Amount

 

2016 (nine months)

 

$

24,672

 

2017

 

 

29,962

 

2018

 

 

25,902

 

2019

 

 

21,441

 

2020

 

 

17,520

 

Thereafter

 

 

68,398

 

Total intangible assets, net

 

$

187,895