We complete our annual impairment tests in the fourth quarter of each year unless events or circumstances indicate that an asset may be impaired. There were no indications of impairment present during the period ended March 31, 2013. However, the Company recorded an increase in intangible assets for the acquisition of the Logia companies and LogiaDeck (Ignite) of $4,471. The Company recorded an impairment charge of $2,319 for the year ended March 31, 2012.

The components of intangible assets as at March 31, 2013 and 2012 were as follows:

The Company has included amortization of acquired intangible assets directly attributable to revenue-generating activities in cost of revenues. The Company has included amortization of acquired intangible assets not directly attributable to revenue-generating activities in operating expenses.

During the twelve month period ended March 31, 2013 and 2012, the Company recorded amortization expense in the amount of $530 and $230, respectively, in cost of revenues. Trade name/Trademark of $154 has been identified as having an indefinite life and is not included on the future amortization schedule below.

Based on the amortizable intangible assets as of March 31, 2013, we estimate amortization expense for the next five years to be as follows:

Below is a summary of Goodwill and Intangible assets: