Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.2.0.727
Intangible Assets
 3 Months Ended
Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
We complete our annual impairment tests in the fourth quarter of each year and perform an assessment quarterly to evaluate whether events or circumstances indicate an impairment may have occurred. Based on the results of the quarterly impairment assessment, performed during the first quarter of fiscal 2016, no impairment of intangible assets existed at June 30, 2015.
The components of intangible assets as at June 30, 2015 and March 31, 2015 were as follows:
 
 
As of June 30, 2015
 
 
Cost
 
Accumulated
Amortization
 
Net
Software
 
$
13,480

 
$
(3,257
)
 
$
10,223

Trade name/ trade mark
 
380

 
(61
)
 
319

Customer list
 
14,755

 
(2,710
)
 
12,045

License agreements
 
355

 
(170
)
 
185

Total
 
$
28,970

 
$
(6,198
)
 
$
22,772

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

 
$
(2,489
)
 
$
10,991

Trade name/ trade mark
 
380

 
(14
)
 
366

Customer list
 
14,755

 
(1,379
)
 
13,376

License agreements
 
355

 
(152
)
 
203

Total
 
$
28,970

 
$
(4,034
)
 
$
24,936


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 three month period ended June 30, 2015 and 2014, the Company recorded amortization expense in the amount of $2,191 and $344, respectively, with the increase primarily due to the increase in intangible assets of $17,780 for the acquisition of DT Media (Appia, Inc.) during the three month period ended March 31, 2015.
Based on the amortizable intangible assets as of June 30, 2015, we estimate amortization expense for the next five years to be as follows:
 
Amortization
Twelve Month Period Ending June 30,
Expense
 
 
2016
$
8,670

2017
7,033

2018
3,318

2019
2,066

2020
542

Future
1,143

 Total
$
22,772