Intangible Assets

6 Months Ended

Dec. 31, 2019

Finite Lived Intangible Assets Net [Abstract]

5.	Intangible Assets

Intangible assets consisted of the following (in thousands):

	December 31,			June 30,
	2019 (1)			2019
Intangible assets:
Customer contracts and related customer relationships	$	576,285		$	549,552
Acquired technologies		138,176			137,959
Other		813			800
Intangible assets		715,274			688,311
Less accumulated amortization:
Customer contracts and related customer relationships		(255,474	)		(236,935	)
Acquired technologies		(22,438	)		(14,750	)
Other		(803	)		(511	)
Less accumulated amortization		(278,715	)		(252,196	)
Total intangible assets, net	$	436,559		$	436,115

__________________

(1)

During the six months ended December 31, 2019, the Company removed $3.6 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 all customer contracts and related customer relationships as of December 31, 2019 is 16.9 years, and the weighted-average remaining period of amortization is 14.0 years. The weighted-average period of amortization for acquired technologies as of December 31, 2019 is 10.3 years, and the weighted-average remaining period of amortization is 9.4 years.

Expected amortization expense for the remainder of the fiscal year ending June 30, 2020, and for each of the fiscal years thereafter, is as follows (in thousands):

Fiscal year ending June 30,	Amount
2020 (six months)	$	29,335
2021		58,358
2022		55,236
2023		50,127
2024		43,337
Thereafter		200,166
Total intangible assets, net	$	436,559