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INTANGIBLE ASSETS (Tables)
12 Months Ended
Jun. 30, 2020
Finite Lived Intangible Assets Net [Abstract]  
Schedule of 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.

Expected Amortization Expense 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