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GOODWILL AND OTHER INTANGIBLE ASSETS
6 Months Ended
Sep. 30, 2019
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]  
GOODWILL AND OTHER INTANGIBLE ASSETS
6.
GOODWILL AND OTHER INTANGIBLE ASSETS

GOODWILL

The following table summarizes the changes in the carrying amount of goodwill for the six months ended September 30, 2019 (in thousands):


 
September 30, 2019
 
   
Goodwill
   
Accumulated
Impairment
Loss
   
Net
Carrying
Amount
 
                   
Beginning balance
 
$
119,480
   
$
(8,673
)
 
$
110,807
 
Acquisitions
   
7,412
     
-
     
7,412
 
Foreign currency translations
   
(122
)
   
-
     
(122
)
Ending balance
 
$
126,770
   
$
(8,673
)
 
$
118,097
 

Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. Our entire balance as of September 30, 2019 relates to our technology reportable segment, which we also determined to be one reporting unit. The change in our goodwill balance during the six months ended September 30, 2019 relates to our acquisition of certain assets and liabilities of Innovative Technology Systems & Solutions, Inc. (“ABS Technology”), which is partially offset by adjustments related to our acquisition of SLAIT Consulting, LLC (“SLAIT”) and foreign exchange translations. See Note 16, “Business Combinations”.

We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value.

OTHER INTANGIBLE ASSETS

Our other intangible assets consist of the following at September 30, 2019 and March 31, 2019 (in thousands): 


 
September 30, 2019
   
March 31, 2019
 
   
Gross
Carrying
Amount
   
Accumulated
Amortization /
Impairment
Loss
   
Net
Carrying
Amount
   
Gross
Carrying
Amount
   
Accumulated
Amortization
/ Impairment
Loss
   
Net
Carrying
Amount
 
                                     
Customer relationships & other intangibles
 
$
62,989
   
$
(28,308
)
 
$
34,681
   
$
57,407
   
$
(23,865
)
 
$
33,542
 
Capitalized software development
   
10,474
     
(5,361
)
   
5,113
     
10,188
     
(4,802
)
   
5,386
 
Total
 
$
73,463
   
$
(33,669
)
 
$
39,794
   
$
67,595
   
$
(28,667
)
 
$
38,928
 

Customer relationships and other intangibles are generally amortized between 5 to 10 years. Capitalized software development is generally amortized over 5 years.

Total amortization expense for other intangible assets was $2.5 million and $1.8 million for the three months and $4.9 million and $3.1 million for the six months ended September 30, 2019 and 2018, respectively. The change in the gross carrying amount of other intangible assets is due to the acquisition of ABS Technology of $5.7 million.