Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.3.0.814
Intangible Assets
 6 Months Ended
Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
We complete our annual impairment tests in the fourth quarter of each year and perform an assessment quarterly to evaluate whether events or circumstances indicate an impairment may have occurred. Based on the results of the quarterly impairment assessment performed during the second quarter of fiscal year 2016, the Company determined that no impairment existed at September 30, 2015.
The components of intangible assets at September 30, 2015 and March 31, 2015 were as follows:
 
 
As of September 30, 2015
 
 
Cost
 
Accumulated
Amortization
 
Net
Software
 
$
13,418

 
$
(4,016
)
 
$
9,402

Trade name/trade mark
 
380

 
(109
)
 
271

Customer list
 
11,300

 
(2,987
)
 
8,313

License agreements
 
354

 
(188
)
 
166

Total
 
$
25,452

 
$
(7,300
)
 
$
18,152

 
 
 
As of March 31, 2015
 
 
Cost
 
Accumulated
Amortization
 
Net
Software
 
$
13,480

 
$
(2,489
)
 
$
10,991

Trade name/trade mark
 
380

 
(14
)
 
366

Customer list
 
14,755

 
(1,379
)
 
13,376

License agreements
 
355

 
(152
)
 
203

Total
 
$
28,970

 
$
(4,034
)
 
$
24,936


The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues. The Company has included amortization of acquired intangible assets not directly attributable to revenue-generating activities in operating expenses.
The Company recorded amortization expense of $4,558 and $6,749 during the three and six months ended September 30, 2015, respectively. Included in the $4,558 amortization expense recorded during the three months ended September 30, 2015 is $2,404 amortization expense recorded for customer relationship intangible assets related to a customer relationship the Company terminated from September 2012 acquisition of Logia Mobile Ltd. The Company recorded amortization expense of $345 and $689 during the three and six months ended September 30, 2014, respectively, with the increase from 2014 to 2015 primarily due to the increase in intangible assets of $17,780 from the acquisition of DT Media (Appia, Inc.).
Based on the amortizable intangible assets as of September 30, 2015, we estimate amortization expense for the next five years to be as follows:
 
Amortization
Twelve Month Period Ending September 30,
Expense
 
 
2016
$
8,305

2017
5,397

2018
2,740

2019
1,240

2020
121

Future
349

 Total
$
18,152