INTANGIBLE ASSETS, NET

3 Months Ended

Sep. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

(6) INTANGIBLE ASSETS, NET

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



	Useful Life	September 30, 2016			June 30, 2016
Technology	5.0 years	$	143,727		$	143,727
Customer relationships	8.3 years	48,120			48,120
Distribution network	10.0 years	22,400			—
Trade names	8.2 years	17,110			13,160
Non-compete agreements	4.9 years	4,310			4,080
Total intangible assets		235,667			209,087
Accumulated amortization		(60,079		)	(50,870		)
Intangible assets, net		$	175,588		$	158,217

The increase in intangible assets, net was due to the acquisition of Acro Pharmaceuticals completed during the three months ended September 30, 2016. Amortization expense of intangible assets totaled $9.2 million and $6.0 million for the three months ended September 30, 2016 and 2015, respectively.