XML 55 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Intangible Assets
 9 Months Ended
Dec. 31, 2012
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets
Intangible Assets

In connection with the Poseidon acquisition, the Company recorded $1,950 of intangible assets related to customer relationships and software technology. The Company is amortizing the customer relationships over five years and the software technology over five years.

In connection with the Matrix acquisition, the Company recorded $9,900 of intangible assets related to a trade name, customer relationships and non-compete agreements. The Company is amortizing the trade name over six months, the customer relationships over five years and the non-compete agreements over four years.

The Company’s definite-lived intangible assets, other than capitalized software development costs, are summarized as follows:
 
December 31, 2012
 
Customer Relationships
 
Trade Name & Contracts
 
Software Technology
 
Total
Gross carrying amount
$
23,156

 
$
2,018

 
$
20,509

 
$
45,683

Accumulated amortization
(8,976
)
 
(1,030
)
 
(6,262
)
 
(16,268
)
Net intangible assets
$
14,180

 
$
988

 
$
14,247

 
$
29,415

 
March 31, 2012
 
Customer Relationships
 
Trade Name & Contracts
 
Software Technology
 
Total
Gross carrying amount
$
13,706

 
$
768

 
$
19,359

 
$
33,833

Accumulated amortization
(5,901
)
 
(606
)
 
(4,067
)
 
(10,574
)
Net intangible assets
$
7,805

 
$
162

 
$
15,292

 
$
23,259



Activity related to the intangible assets for the nine months ended December 31, 2012 and 2011 is summarized as follows:
 
Customer Relationships
 
Trade Name & Contracts
 
Software Technology
 
Total
Balance as of April 1, 2012
$
7,805

 
$
162

 
$
15,292

 
$
23,259

Acquisition
9,450

 
1,250

 
1,150

 
11,850

Amortization (1)
(3,075
)
 
(424
)
 
(2,195
)
 
(5,694
)
Balance as of December 31, 2012
$
14,180

 
$
988

 
$
14,247

 
$
29,415

 
Customer Relationships
 
Trade Name & Contracts
 
Software Technology
 
Total
Balance as of April 1, 2011
$
6,327

 
$
208

 
$
10,355

 
$
16,890

Acquisition
3,500

 
130

 
7,240

 
10,870

Amortization (1)
(1,420
)
 
(125
)
 
(1,630
)
 
(3,175
)
Balance as of December 31, 2011
$
8,407

 
$
213

 
$
15,965

 
$
24,585

_____________________________
(1) Amortization of the customer relationships and the trade name & contracts intangible assets is included in operating expenses and amortization of the software technology intangible assets is included in cost of revenue for software and hardware.

The following table represents the remaining estimated amortization of definite-lived intangible assets as of December 31, 2012:

For the year ended March 31,
 
2013 (remaining three months)
$
1,864

2014
7,391

2015
6,335

2016
5,998

2017 and beyond
7,827

Total
$
29,415