Quarterly report pursuant to sections 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
9 Months Ended
Dec. 31, 2013
Components of Intangible Assets

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

 

     As of December 31, 2013  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 8,252       $ (2,393   $ 5,859   

Trade name / Trademark

     352         (37   $ 315   

Customer list

     5,327         (1,700   $ 3,627   

License agreements

     797         (503   $ 294   
  

 

 

    

 

 

   

 

 

 
   $ 14,728       $ (4,633   $ 10,095   
  

 

 

    

 

 

   

 

 

 

 

 

     As of March 31, 2013  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 2,429       $ (1,269   $ 1,160   

Trade name / Trademark

     297         (16   $ 281   

Customer list

     4,675         (1,407   $ 3,268   

License agreements

     498         (450   $ 48   
  

 

 

    

 

 

   

 

 

 
   $ 7,899       $ (3,142   $ 4,757   
  

 

 

    

 

 

   

 

 

 
Estimated Future Amortization Expense

Based on the amortizable intangible assets as of December 31, 2013, we estimate future amortization expense to be as follows:

 

Year Ending December 31,

   Amortization
Expense
 
     (in thousands)  

2014

   $ 1,906   

2015

     1,822   

2016

     1,818   

2017

     1,752   

2018

     749   

Future

     1,894   
  

 

 

 
   $ 9,941   
  

 

 

 
Summary of Goodwill and Intangible Assets

Below is a summary of Goodwill and Intangible assets:

 

     Intangible Assets     Goodwill  

Balance as of March 31, 2013

   $ 4,757      $ 3,588   

Acquisition

     6,826        1,252   

Amortization of intangibles

     (461     0   
  

 

 

   

 

 

 

Balance as of June 30, 2013

     11,122        4,840   

Adjustment to Acquisition

     0        (70

Amortization of intangibles

     (513     0   
  

 

 

   

 

 

 

Balance as of September 30, 2013

     10,609        4,770   
  

 

 

   

 

 

 

Adjustment to Acquisition

     0        0   

Amortization of intangibles

     (514     0   
  

 

 

   

 

 

 

Balance as of December 31, 2013

     10,095        4,770