Quarterly report pursuant to Section 13 or 15(d)

Goodwill

v2.4.1.9
Goodwill
9 Months Ended
Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill

9. Goodwill

Goodwill

A reconciliation of the changes to the Company’s carrying amount of goodwill for the periods or as of the dates indicated:

 

Balance at March 31, 2013

$

3,588

 

Acquisition

 

1,182

 

Goodwill attributable to discontinued operations

 

142

 

Adjustment to goodwill for tax

 

209

 

Balance at March 31, 2014

$

4,837

 

Adjustment to goodwill for purchase price allocation

 

1,472

 

Balance at June 30, 2014

$

6,309

 

Acquisition of XYO

 

1,000

 

Balance at December 31, 2014

$

7,309

 

 

Fair value is defined under ASC 820, Fair Value Measurements and Disclosures as, “The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date”. The Company considered the income and market approaches to derive an opinion of value. Under the income approach, the Company utilized the discounted cash flow method, and under the market approach, consideration was given to the guideline public company method, the merger and acquisition method, and the market capitalization method.

We complete our annual impairment tests in the fourth quarter of each year unless events or circumstances indicate that an asset may be impaired. In the period ended June 30, 2014, we finalized the purchase price allocation of DT APAC, which resulted in an adjustment to goodwill of $1,472. There was an increase in goodwill during in the nine month period ended December 31, 2014 for the acquisition of XYO of $1,000.