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INTANGIBLE ASSETS, GOODWILL AND OTHER ASSETS
12 Months Ended
Mar. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
INTANGIBLE ASSETS, GOODWILL AND OTHER ASSETS
INTANGIBLE ASSETS, GOODWILL AND OTHER ASSETS
The carrying value of intangible assets consisted of the following (in thousands):
 
March 31, 2019
 
March 31, 2018
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Technology
$
25,702

 
$
(15,409
)
 
$
10,293

 
$
19,702

 
$
(10,535
)
 
$
9,167

Customer relationships
9,467

 
(8,080
)
 
1,387

 
9,776

 
(7,366
)
 
2,410

Trade names/domains
2,108

 
(2,108
)
 

 
2,108

 
(1,727
)
 
381

Total acquired identifiable
intangible assets
$
37,372

 
$
(25,692
)
 
$
11,680

 
$
31,681

 
$
(19,723
)
 
$
11,958


At March 31, 2019, annual amortization of definite lived intangible assets, based upon existing intangible assets and current useful lives, is estimated to be the following (in thousands):
 
Amount
2020
$
6,116

2021
3,569

2022
1,766

2023
229

Total
$
11,680


Impairment of Long-Lived Assets and Goodwill
During the third quarter of fiscal year 2018, the Company changed its product and marketing strategy for the use of DXI's technology and re-assessed DXI's profitability outlook. This triggered the requirement that the Company test the recorded goodwill for impairment in accordance with ASC 350-20-35. First, the Company estimated the fair value of its three reporting units at the time using the market approach. Under the market approach, the Company utilized the market capitalization of its publicly-traded shares and comparable company information to determine revenue multiples which were used to determine the fair value of the reporting unit. Based on this approach, the Company determined that there was an indication of impairment only for its DXI reporting unit, which was within the Company's Europe reporting segment, as the carrying value including goodwill exceeded the estimated fair value. As largely independent cash flows could not be attributed to any assets individually the Company evaluated DXI's assets and liabilities as one asset group. Then the Company estimated the fair value of DXI's asset group using discounted cash flow methods to determine the implied fair value of goodwill. The difference between this implied fair value of the goodwill and its carrying value was recorded as impairment. The outcome of the analysis resulted in a non-cash expense for impairment of property and equipment, intangible assets and goodwill of $0.3 million, $1.2 million, $8.0 million, respectively, which was recorded during the third quarter of fiscal year 2018 as a separate line item in the Company's Consolidated Statements of Operations.
The following table provides a summary of the changes in the carrying amounts of goodwill (in thousands):
 
Total
Balance at March 31, 2017
46,136

Impairment loss
(8,036
)
Foreign currency translation
1,954

Balance at March 31, 2018
40,054

Balance at Additions due to acquisitions
500

Foreign currency translation
(860
)
Balance at March 31, 2019
39,694


Deferred Sales Commission Costs

Amortization expense for the deferred sales commission costs for the year ended March 31, 2019, was $14.2 million. Prior to the adoption of ASC 606, the Company did not defer sales commission costs. There were no impairment losses relative to the costs capitalized for the year ended March 31, 2019.