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Acquired Intangible Assets
 9 Months Ended
Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
ACQUIRED INTANGIBLE ASSETS
ACQUIRED INTANGIBLE ASSETS
 
As of March 31, 2017
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
935,373

 
$
(234,116
)
 
$
701,257

Customer assets
1,230,806

 
(373,639
)
 
857,167

Total
$
2,166,179

 
$
(607,755
)
 
$
1,558,424

 
 
 
 
 
 
 
As of June 30, 2016
 
Cost
 
Accumulated Amortization
 
Net
Technology assets
$
359,573

 
$
(155,848
)
 
$
203,725

Customer assets
790,506

 
(347,991
)
 
442,515

Total
$
1,150,079

 
$
(503,839
)
 
$
646,240


The above balances as of March 31, 2017 have been reduced to reflect the impact of intangible assets relating to acquisitions where the gross cost has become fully amortized during the nine months ended March 31, 2017. The impact of this resulted in a reduction of $9.0 million related to Technology assets and $82.6 million related to Customer assets.
The weighted average amortization periods for acquired technology and customer intangible assets are approximately six years and eight years, respectively.
The following table shows the estimated future amortization expense for the fiscal years indicated. This calculation assumes no future adjustments to acquired intangible assets:
 
Fiscal years ending
June 30,
2017 (three months ended June 30)
$
85,881

2018
338,332

2019
310,933

2020
239,419

2021
165,212

2022 and beyond
418,647

Total
$
1,558,424