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INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2018
Finite Lived Intangible Assets Net [Abstract] |
INTANGIBLE ASSETS | NOTE 8. INTANGIBLE ASSETS Intangible assets consisted of the following (in thousands):
|  | June 30, |
|  | 2018 (1) |  |  | 2017 |
Intangible assets |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  | $ | 435,933 |  |  | $ | 635,895 |
Acquired technologies |  |  | 13,237 |  |  |  | 28,503 |
Covenants not to compete |  |  | — |  |  |  | 3,305 |
Other |  |  | 804 |  |  |  | 1,545 |
Intangible assets |  |  | 449,974 |  |  |  | 669,248 |
Less accumulated amortization |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  |  | (199,018 | ) |  |  | (402,934 | )
Acquired technologies |  |  | (8,761 | ) |  |  | (26,542 | )
Covenants not to compete |  |  | — |  |  |  | (3,288 | )
Other |  |  | (440 | ) |  |  | (1,113 | )
Accumulated amortization |  |  | (208,219 | ) |  |  | (433,877 | )
Total intangible assets, net |  | $ | 241,755 |  |  | $ | 235,371 |
| (1) | During FY2018, the Company removed $264.1 million in fully amortized intangible assets.
Intangible assets are primarily amortized on an accelerated basis over periods ranging from one to twenty years. The weighted-average period of amortization for customer contracts and related customer relationships as of June 30, 2018 is 14.7 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, 2018 is 7.0 years, and the weighted-average remaining period of amortization is 5.7 years. Amortization expense for the years ended June 30, 2018, 2017 and 2016 was $38.2 million, $40.7 million and $38.0 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2022 and for years thereafter is as follows (in thousands):
|  | Amount |
Year ending June 30, 2019 |  | $ | 36,225 |
Year ending June 30, 2020 |  |  | 31,566 |
Year ending June 30, 2021 |  |  | 27,970 |
Year ending June 30, 2022 |  |  | 24,281 |
Year ending June 30, 2023 |  |  | 21,686 |
Thereafter |  |  | 100,027 |
Total intangible assets, net |  | $ | 241,755 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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