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INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2019
Finite Lived Intangible Assets Net [Abstract]  
Schedule of 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.

Expected Amortization Expense 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