Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets (Tables)

v2.4.0.8
Intangible Assets (Tables)
6 Months Ended
Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Intangible Assets

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

 

 

As of September 30, 2014

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Cost

 

 

Amortization

 

 

Net

 

Software

$

4,217

 

 

$

(1,791

)

 

$

2,426

 

Customer list

 

5,055

 

 

 

(807

)

 

 

4,248

 

License agreements

 

354

 

 

 

(115

)

 

 

239

 

 

$

9,626

 

 

$

(2,713

)

 

$

6,913

 

 

 

As of March 31, 2014

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Cost

 

 

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 September 30, 2014, we estimate amortization expense for the next five years to be as follows:

 

 

Amortization

 

Year Ending September 30,

Expense

 

 

(in thousands)

 

2015

$

1,377

 

2016

 

1,376

 

2017

 

1,363

 

2018

 

860

 

2019

 

460

 

Future

 

1,477

 

 

$

6,913

 

 

Summary of Intangible Assets

 

Below is a summary of intangible assets for the period March 31, 2013 through September 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

)

Balance as of March 31, 2014

$

9,074

 

Amortization of intangibles

 

(689

)

Purchase price allocation adjustment

 

(1,472

)

Balance as of June 30, 2014

$

6,913

 

No activity

 

-

 

Balance as of September 30, 2014

$

6,913