Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.7.0.1
Intangible Assets
 3 Months Ended
Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The components of intangible assets at June 30, 2017 and March 31, 2017 were as follows:
 
 
As of June 30, 2017
 
 
(Unaudited)
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
11,544

 
$
(8,737
)
 
$
2,807

Trade name / trademark
 
380

 
(380
)
 
—

Customer list
 
11,300

 
(10,181
)
 
1,119

License agreements
 
355

 
(306
)
 
49

Total
 
$
23,579

 
$
(19,604
)
 
$
3,975

 
 
As of March 31, 2017
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
11,544

 
$
(8,191
)
 
$
3,353

Trade name / trademark
 
380

 
(380
)
 
—

Customer list
 
11,300

 
(10,152
)
 
1,148

License agreements
 
355

 
(291
)
 
64

Total
 
$
23,579

 
$
(19,014
)
 
$
4,565


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 $590 during the three months ended June 30, 2017, and $1,880 during the three months ended June 30, 2016, respectively. The decrease in amortization expense year-over-year was primarily attributable to customer relationships acquired in the Appia Inc transaction being fully amortized and the write-off of certain assets during fiscal year 2017.
Based on the amortizable intangible assets as of June 30, 2017, we estimate amortization expense for the next five years to be as follows:
Year Ending March 31,
 
Amortization Expense
2018
 
$
2,076

2019
 
1,009

2020
 
143

2021
 
114

2022
 
114

Thereafter
 
519

Total
 
$
3,975