Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v3.3.1.900
Goodwill
 9 Months Ended
Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill
Goodwill
This table presents a reconciliation of the changes to the Company’s carrying amount of goodwill for the periods or as of the dates indicated:
 
 
Content
Ignite
IQ
Appia Core
Total
Goodwill as of March 31, 2015
$
5,244

$
38,157

$
4,111

$
29,235

$
76,747

Adjustments
—

—

—

54

54

Goodwill as of June 30, 2015
$
5,244

$
38,157

$
4,111

$
29,289

$
76,801

Adjustments
—

—

—

(180
)
(180
)
Goodwill as of September 30, 2015
$
5,244

$
38,157

$
4,111

$
29,109

$
76,621

Adjustments
—

—

—

—

—

Goodwill as of December 31, 2015
$
5,244

$
38,157

$
4,111

$
29,109

$
76,621


Goodwill is tested annually during the fourth fiscal quarter and is reviewed 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 third quarter of fiscal year 2016, the Company determined no impairment of goodwill existed at December 31, 2015.
In assessing whether or not circumstances may indicate that it is more likely than not the fair value of the reporting units may be less than their respective carrying amounts, the Company has considered a variety of factors including; macroeconomic conditions, specific industry factors such as market growth or changes in the market for our products and services, cost factors, overall financial performance of the Company relative to forecast and trends, the Company’s stock price performance, and other Company specific events such as changes in management, changes in key personnel, changes in strategy or customers and potential litigation. The Company will continue to monitor all of these factors on both a qualitative and quantitative basis in addition to performing a valuation on each of the Company’s reporting units which will coincide with the Company’s annual goodwill testing which occurs during the fourth fiscal quarter.
In the nine months ended December 31, 2015, the Company adjusted the purchase price allocation of DTM due to the finalization of the working capital adjustment, which resulted in a net adjustment to goodwill of $(126).