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Intangible Assets | 3 Months Ended
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Sep. 30, 2020
Finite Lived Intangible Assets Net [Abstract] |
Intangible Assets |
4. | Intangible Assets
Intangible assets consisted of the following (in thousands):
|  | September 30, |  |  | June 30, |
|  | 2020 (1) |  |  | 2020 |
Intangible assets: |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  | $ | 637,874 |  |  | $ | 570,562 |
Acquired technologies |  |  | 198,115 |  |  |  | 129,925 |
Other |  |  | 8 |  |  |  | 8 |
Intangible assets |  |  | 835,997 |  |  |  | 700,495 |
Less accumulated amortization: |  |  |  |  |  |  |  |
Customer contracts and related customer relationships |  |  | (281,953 | ) |  |  | (271,708 | )
Acquired technologies |  |  | (27,563 | ) |  |  | (21,900 | )
Other |  |  | (3 | ) |  |  | (2 | )
Less accumulated amortization |  |  | (309,519 | ) |  |  | (293,610 | )
Total intangible assets, net |  | $ | 526,478 |  |  | $ | 406,885 |
__________________
| (1) | During the three months ended September 30, 2020, the Company removed $0.6 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 September 30, 2020 is 17.6 years, and the weighted-average remaining period of amortization is 14.7 years. The weighted-average period of amortization for acquired technologies as of September 30, 2020 is 10.5 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, 2021, and for each of the fiscal years thereafter, is as follows (in thousands):
Fiscal year ending June 30, |  | Amount |
2021 (nine months) |  | $ | 51,274 |
2022 |  |  | 68,452 |
2023 |  |  | 65,029 |
2024 |  |  | 57,693 |
2025 |  |  | 50,452 |
Thereafter |  |  | 233,578 |
Total intangible assets, net |  | $ | 526,478 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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