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INTANGIBLE ASSETS | 12 Months Ended
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Jun. 30, 2019
Finite Lived Intangible Assets Net [Abstract] |
INTANGIBLE ASSETS | NOTE 7. INTANGIBLE ASSETS Intangible assets consisted of the following (in thousands):
|  | June 30, |
|  | 2019 |  |  | 2018 (1) |
Intangible assets |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  | $ | 549,552 |  |  | $ | 435,933 |
Acquired technologies |  |  | 137,959 |  |  |  | 13,237 |
Other |  |  | 800 |  |  |  | 804 |
Intangible assets |  |  | 688,311 |  |  |  | 449,974 |
Less accumulated amortization |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  |  | (236,935 | ) |  |  | (199,018 | )
Acquired technologies |  |  | (14,750 | ) |  |  | (8,761 | )
Other |  |  | (511 | ) |  |  | (440 | )
Accumulated amortization |  |  | (252,196 | ) |  |  | (208,219 | )
Total intangible assets, net |  | $ | 436,115 |  |  | $ | 241,755 |
| (1) | During FY2019 and FY2018, the Company removed $1.5 million and $264.1 million, respectively, 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, 2019 is 16.6 years, and the weighted-average remaining period of amortization is 13.9 years. The weighted-average period of amortization for acquired technologies as of June 30, 2019 is 10.3 years, and the weighted-average remaining period of amortization is 9.9 years. Amortization expense for the years ended June 30, 2019, 2018 and 2017 was $45.8 million, $38.2 million and $40.7 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2024 and for years thereafter is as follows (in thousands):
|  | Amount |
Year ending June 30, 2020 |  | $ | 57,616 |
Year ending June 30, 2021 |  |  | 56,467 |
Year ending June 30, 2022 |  |  | 53,318 |
Year ending June 30, 2023 |  |  | 48,143 |
Year ending June 30, 2024 |  |  | 41,401 |
Thereafter |  |  | 179,170 |
Total intangible assets, net |  | $ | 436,115 |

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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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