INTANGIBLE ASSETS

12 Months Ended

Jun. 30, 2020

Finite Lived Intangible Assets Net [Abstract]

NOTE 7. INTANGIBLE ASSETS

Intangible assets consisted of the following (in thousands):

	June 30,
	2020 (1)			2019
Intangible assets
Customer contracts and related customer relationships	$	570,562		$	549,552
Acquired technologies		129,925			137,959
Other		8			800
Intangible assets		700,495			688,311
Less accumulated amortization
Customer contracts and related customer relationships		(271,708	)		(236,935	)
Acquired technologies		(21,900	)		(14,750	)
Other		(2	)		(511	)
Accumulated amortization		(293,610	)		(252,196	)
Total intangible assets, net	$	406,885		$	436,115

(1)

During FY2020, the Company removed $17.6 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, 2020 is 17.0 years, and the weighted-average remaining period of amortization is 13.6 years. The weighted-average period of amortization for acquired technologies as of June 30, 2020 is 10.4 years, and the weighted-average remaining period of amortization is 9.0 years.

Amortization expense for the years ended June 30, 2020, 2019 and 2018 was $59.3 million, $45.8 million and $38.2 million, respectively. Expected amortization expense for each of the fiscal years through June 30, 2025 and for years thereafter is as follows (in thousands):

	Amount
Year ending June 30, 2021	$	58,273
Year ending June 30, 2022		55,174
Year ending June 30, 2023		50,071
Year ending June 30, 2024		43,289
Year ending June 30, 2025		37,046
Thereafter		163,032
Total intangible assets, net	$	406,885