Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.5.0.2
Intangible Assets
3 Months Ended
Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The components of intangible assets at June 30, 2016 and March 31, 2016 were as follows:
 
 
As of June 30, 2016
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
11,544

 
$
(5,568
)
 
$
5,976

Trade name / trademark
 
380

 
(380
)
 

Customer list
 
11,300

 
(6,775
)
 
4,525

License agreements
 
355

 
(246
)
 
109

Total
 
$
23,579

 
$
(12,969
)
 
$
10,610

 
 
As of March 31, 2016
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
11,544

 
$
(4,949
)
 
$
6,595

Trade name / trademark
 
380

 
(380
)
 

Customer list
 
11,300

 
(5,534
)
 
5,766

License agreements
 
355

 
(226
)
 
129

Total
 
$
23,579

 
$
(11,089
)
 
$
12,490


The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues; thus, all intangible amortization is included in cost of revenues.
The Company recorded amortization expense of $1,880 and $2,191 during the three months ended June 30, 2016 and 2015, respectively. The decrease in amortization expense year-over-year was primarily attributable to the following reductions to intangible assets during fiscal 2016: 1) $1,874 reduction to the cost basis of internal use software acquired in the Appia Inc. transaction due to the Company licensing technology in the Sift agreement that was specifically tied to such software, and 2) $2,404 accelerated amortization expense and subsequent write-off recorded for customer relationship intangible assets related to our September 2012 acquisition of Logia Mobile Ltd.
Based on the amortizable intangible assets as of June 30, 2016, we estimate amortization expense for the next five years to be as follows:
Twelve Month Period Ending June 30,
 
Amortization Expense
2017
 
$
5,914

2018
 
2,335

2019
 
1,390

2020
 
196

2021
 
86

Thereafter
 
689

Total
 
$
10,610