Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v3.5.0.1
Intangible Assets (Tables)
 12 Months Ended
Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Components of Intangible Assets
The components of intangible assets as at March 31, 2016 and 2015 were as follows:
 
 
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

 
 
As of March 31, 2015
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
13,480

 
$
(2,489
)
 
$
10,991

Trade name/trademark
 
380

 
(14
)
 
366

Customer list
 
14,755

 
(1,379
)
 
13,376

License agreements
 
355

 
(152
)
 
203

Total
 
$
28,970

 
$
(4,034
)
 
$
24,936

Estimated Future Amortization Expense
Based on the amortizable intangible assets as of March 31, 2016, we estimate amortization expense for the next five years to be as follows:
As of Year Ending March 31,
 
Amortization Expense
2017
 
$
7,129

2018
 
2,530

2019
 
1,756

2020
 
271

2021
 
114

Future
 
690

Total
 
$
12,490

Summary of Intangible Assets
Below is a summary of intangible assets:
 
 
Intangible Assets
Balance as of March 31, 2013
 
4,757

Amortization of intangibles
 
(1,769
)
Acquisition
 
6,826

Impairment
 
(154
)
Disposal of subsidiary
 
(586
)
Balance as of March 31, 2014
 
9,074

Amortization of intangibles
 
(2,010
)
Purchase price allocation adjustment
 
(1,472
)
Acquisition of XYO
 
1,500

Acquisition of Appia
 
17,780

Capitalized developed software
 
64

Balance as of March 31, 2015
 
24,936

Amortization of intangibles
 
(8,168
)
Customer relationship intangible asset write-off
 
(2,404
)
Reduction in software intangibles related to Sift Transaction
 
(1,874
)
Balance as of March 31, 2016
 
$
12,490