INTANGIBLE ASSETS - Note 3

3 Months Ended

Jun. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

INTANGIBLE ASSETS - Note 3

3. INTANGIBLE ASSETS

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

		June 30, 2017						March 31, 2017
		Gross				Net		Gross				Net
		Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
		Amount		Amortization		Amount		Amount		Amortization		Amount
Technology	$	18,958	$	(7,711)	$	11,247	$	18,685	$	(7,010)	$	11,675
Customer relationships		9,535		(6,523)		3,012		9,419		(6,187)		3,232
Trade names/domains		2,080		(389)		1,691		2,036		-		2,036
In-process research and development		95		(95)		-		95		-		95
Total acquired identifiable intangible assets	$	30,668	$	(14,718)	$	15,950	$	30,235	$	(13,197)	$	17,038

At June 30, 2017, annual amortization of intangible assets, based upon our existing intangible assets and current useful lives, is estimated to be the following (in thousands):

		Amount
Remaining 2018	$	3,619
2019		4,512
2020		3,096
2021		2,740
2022		1,756
Thereafter		227
Total	$	15,950

For the quarter ended June 30, 2017, the Company determined that the tradename/domains no longer have an indefinite life, and has assigned those assets an estimated life of two years. Amortization expenses associated with tradename/domains are included in selling and marketing expenses in the consolidated statements of operations.