Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
3 Months Ended
Jun. 30, 2014
Components of Intangible Assets

The components of intangible assets as at June 30, 2014 and March 31, 2014 were as follows:

 

     As of June 30, 2014  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 4,217       $ (1,580   $ 2,637   

Customer list

     5,055         (692     4,363   

License agreements

     354         (96     258   
  

 

 

    

 

 

   

 

 

 
   $ 9,626       $ (2,368   $ 7,258   
  

 

 

    

 

 

   

 

 

 

 

     As of March 31, 2014  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 6,637       $ (1,369   $ 5,268   

Customer list

     4,107         (577     3,530   

License agreements

     354         (78     276   
  

 

 

    

 

 

   

 

 

 
   $ 11,098       $ (2,024   $ 9,074   
  

 

 

    

 

 

   

 

 

 

Discontinued operations

   $ 3,278       $ (3,050   $ 228   
Estimated Future Amortization Expense

Based on the amortizable intangible assets as of June 30, 2014, we estimate amortization expense for the next five years to be as follows:

 

Year Ending June 30,

   Amortization
Expense
 
     (in thousands)  

2015

   $ 1,377   

2016

     1,377   

2017

     1,366   

2018

     1,086   

2019

     460   

Future

     1,592   
  

 

 

 
   $ 7,258   
  

 

 

 

Summary of Intangible Assets

Below is a summary of intangible assets for the period March 31, 2013 through June 30, 2014:

 

     Intangible
Assets
 

Balance as of March 31, 2013

   $ 4,757   
  

 

 

 

Acquisition

     6,826   

Impairment

     (154

Disposal of subsidiary

     (586

Amortization of intangibles

     (1,769

Adjust goodwill for tax

     —    
  

 

 

 

Balance as of March 31, 2014

   $ 9,074   
  

 

 

 

Amortization of intangibles

     (344

Purchase price allocation adjustment

     (1,472
  

 

 

 

Balance as of June 30, 2014

   $ 7,258