INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2019

Finite Lived Intangible Assets Net [Abstract]

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