Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets

v3.6.0.2
Intangible Assets
 9 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets
The components of intangible assets at December 31, 2016 and March 31, 2016 were as follows:
 
 
As of December 31, 2016
 
 
Cost
 
Accumulated Amortization
 
Net
Software
 
$
11,544

 
$
(6,818
)
 
$
4,726

Trade name / trademark
 
380

 
(380
)
 
—

Customer list
 
11,300

 
(9,257
)
 
2,043

License agreements
 
355

 
(274
)
 
81

Total
 
$
23,579

 
$
(16,729
)
 
$
6,850

 
 
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


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 $1,878 and $5,640 during the three and nine months ended December 31, 2016, respectively, and $1,704 and $8,453 during the three and nine months ended December 31, 2015, respectively. The decrease in amortization expense year-over-year was primarily attributable to the following reductions to intangible assets during fiscal 2016: 1) recorded during December 2015 a $1,874 reduction to the cost basis of internal use software acquired in the Appia Inc. transaction due to the Company licensing technology in the Sift agreement that was specifically tied to such software, and 2) recorded during September 2015 a $2,404 accelerated amortization expense and subsequent write-off for customer relationship intangible assets related to our September 2012 acquisition of Logia Mobile Ltd.
Based on the amortizable intangible assets as of December 31, 2016, we estimate amortization expense for the next five years to be as follows:
Twelve Month Period Ending December 31,
 
Amortization Expense
2017
 
$
3,476

2018
 
1,971

2019
 
570

2020
 
114

2021
 
114

Thereafter
 
605

Total
 
$
6,850