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Intangible Assets (Tables)

3 Months Ended

Sep. 30, 2021

Finite Lived Intangible Assets Net [Abstract]

Schedule of Intangible Assets

Intangible assets, net consisted of the following (in thousands):

		September 30,				June 30,
		2021 (1)				2021
Intangible assets:
Customer contracts and related customer relationships		$	598,074			$	601,516
Acquired technologies			217,711				198,273
Intangible assets			815,785				799,789
Less accumulated amortization:
Customer contracts and related customer relationships			(259,607	)			(276,498	)
Acquired technologies			(54,604	)			(47,185	)
Less accumulated amortization			(314,211	)			(323,683	)
Total intangible assets, net		$	501,574			$	476,106

(1) During the three months ended September 30, 2021, the Company removed $26.8 million in fully amortized intangible assets.

Schedule of Estimated Annual Amortization Expense

Amortization expense for the three months ended September 30, 2021 and 2020 was $17.6 million and $16.1 million, respectively. The estimated annual amortization expense as of September 30, 2021 was as follows (in thousands):

Fiscal year ending June 30,		Amount
2022 (remainder of year)		$	53,442
2023			69,062
2024			62,060
2025			54,886
2026			47,083
2027 and thereafter			215,041
		$	501,574

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- Definition

Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

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