Intangible Assets

In connection with the Mirth acquisition, the Company recorded $26,350 of intangible assets related to trade name, customer relationships and software technology. The Company is amortizing the trade name and customer relationships over five years and the software technology over seven years. The weighted average amortization period for the total amount of intangible assets acquired is 6.7 years.

Approximately 95% of the acquired intangible assets are expected to be deductible for income tax purposes over the periods prescribed by the IRC.

The Company’s definite-lived intangible assets, other than capitalized software development costs, are summarized as follows:



	March 31, 2014
	Customer Relationships			Trade Name and Contracts			Software Technology			Total
Gross carrying amount	$	22,050		$	3,368		$	23,510		$	48,928
Accumulated amortization	(11,837		)	(1,599		)	(2,476		)	(15,912		)
Net intangible assets	$	10,213		$	1,769		$	21,034		$	33,016



	March 31, 2013
	Customer Relationships			Trade Name and Contracts			Software Technology			Total
Gross carrying amount	$	23,156		$	2,018		$	20,509		$	45,683
Accumulated amortization	(10,028		)	(1,112		)	(6,993		)	(18,133		)
Net intangible assets	$	13,128		$	906		$	13,516		$	27,550

Activity related to the intangible assets for the years ended March 31, 2014 and 2013 is summarized as follows:



	Customer Relationships			Trade Name and Contracts			Software Technology			Total
Balance at March 31, 2012	$	7,805		$	162		$	15,292		$	23,259
Acquisition	9,450			1,250			1,150			11,850
Amortization (1)	(4,127		)	(506		)	(2,926		)	(7,559		)
Balance at March 31, 2013	13,128			906			13,516			27,550
Acquisition	2,800			1,350			22,200			26,350
Amortization (1)	(4,184		)	(487		)	(3,659		)	(8,330		)
Impairment (2)	$	(1,531	)	$	—		$	(11,023	)	$	(12,554	)
Balance at March 31, 2014	$	10,213		$	1,769		$	21,034		$	33,016

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(1) Amortization of the customer relationships and trade name and 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.

(2) Refer to Note 6 for details on the impairment charge recorded in the current year

The following table represents the remaining estimated amortization of definite-lived intangible assets as of March 31, 2014:



For the year ended March 31,
2015	$	7,171
2016	7,024
2017	6,553
2018	4,301
2019	3,517
2020 and beyond	$	4,450
Total	$	33,016