Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

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

 
$
(6,192
)
 
$
5,352

Trade name / trademark
 
380

 
(380
)
 
—

Customer list
 
11,300

 
(8,016
)
 
3,284

License agreements
 
355

 
(262
)
 
93

Total
 
$
23,579

 
$
(14,850
)
 
$
8,729

 
 
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 $1,882 and $3,762 during the three and six months ended September 30, 2016, respectively, and $4,558 and $6,749 during the three and six months ended September 30, 2015, respectively. The decrease in amortization expense year-over-year was primarily attributable to the following reductions to intangible assets during fiscal 2016: 1) recorded during December 2015 a $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) recorded during September 2015 a $2,404 accelerated amortization expense and subsequent write-off for customer relationship intangible assets related to our September 2012 acquisition of Logia Mobile Ltd.
Based on the amortizable intangible assets as of September 30, 2016, we estimate amortization expense for the next five years to be as follows:
Twelve Month Period Ending September 30,
 
Amortization Expense
2017
 
$
4,731

2018
 
2,156

2019
 
974

2020
 
121

2021
 
57

Thereafter
 
690

Total
 
$
8,729