INTANGIBLE ASSETS - Note 5

12 Months Ended

Mar. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS - Note 5

5. INTANGIBLE ASSETS

The carrying value of intangible assets consisted of the following (in thousands):

		March 31, 2016						March 31, 2015
		Gross						Gross
		Carrying		Accumulated		Net Carrying		Carrying		Accumulated		Net Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
Technology	$	18,640	$	(4,622)	$	14,018	$	8,242	$	(2,905)	$	5,337
Customer relationships		9,993		(4,847)		5,146		9,686		(3,720)		5,966
Trade names/domains		2,205		-		2,205		957		-		957
In-process research and development		95		-		95		-		-		-
Total acquired identifiable intangible assets	$	30,933	$	(9,469)	$	21,464	$	18,885	$	(6,625)	$	12,260

At March 31, 2016, annual amortization of intangible assets, based upon our existing intangible assets and current useful lives, is estimated to be the following (in thousands):

		Amount
2017	$	3,845
2018		3,577
2019		3,327
2020		3,327
2021		2,936
Thereafter		2,152
Total	$	19,164

Impairment of Long-Lived Assets

During the year ended March 31, 2016, the Company decided to end-of-life its hosted virtual desktop service (Zerigo). The Company evaluated long-lived assets related to Zerigo including the technology, customer relationships, and trade name intangible assets for impairment. The Company determined it was appropriate to record an impairment charge equal to the remaining value of the impaired long-lived assets in the third fiscal quarter. The impairment recorded during the fiscal year was $0.6 million, of which $0.4 million and $0.2 million was recorded in cost of service and sales and marketing, respectively, in the consolidated statements of operations. Revenues and net income (loss) from Zerigo were not material for all periods presented.