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Intangible Assets
9 Months Ended
Dec. 31, 2017
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

5. Intangible Assets

Our definite-lived intangible assets, other than capitalized software development costs, are summarized as follows, and reflects the acquisitions of Entrada and EagleDream (see Note 3):

 

 

December 31, 2017

 

 

Customer

 

 

Trade Name

 

 

Software

 

 

 

 

 

 

Relationships

 

 

and Contracts

 

 

Technology

 

 

Total

 

Gross carrying amount

$

54,450

 

 

$

7,080

 

 

$

91,110

 

 

$

152,640

 

Accumulated amortization

 

(33,955

)

 

 

(3,118

)

 

 

(34,904

)

 

 

(71,977

)

Net intangible assets

$

20,495

 

 

$

3,962

 

 

$

56,206

 

 

$

80,663

 

 

 

March 31, 2017

 

 

Customer

 

 

Trade Name

 

 

Software

 

 

 

 

 

 

Relationships

 

 

and Contracts

 

 

Technology

 

 

Total

 

Gross carrying amount

$

50,550

 

 

$

5,480

 

 

$

67,810

 

 

$

123,840

 

Accumulated amortization

 

(28,972

)

 

 

(2,088

)

 

 

(23,567

)

 

 

(54,627

)

Net intangible assets

$

21,578

 

 

$

3,392

 

 

$

44,243

 

 

$

69,213

 

 

Amortization expense related to customer relationships and trade name and contracts recorded as operating expenses in the consolidated statements of comprehensive income was $1,956 and $2,568 for the three months ended December 31, 2017 and 2016, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,127 and $3,007 for the three months ended December 31, 2017 and 2016, respectively.

Amortization expense related to customer relationships and trade name and contracts was $6,015 and $7,889 for the nine months ended December 31, 2017 and 2016, respectively. Amortization expense related to software technology was $11,335 and $9,064 for the nine months ended December 31, 2017 and 2016, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of December 31, 2017:

 

 

Amortization Expense Recorded As:

 

 

Operating Expense

 

 

Cost of Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

2018 (remaining three months)

$

1,922

 

 

$

4,128

 

 

$

6,050

 

2019

 

5,577

 

 

 

16,511

 

 

 

22,088

 

2020

 

4,580

 

 

 

16,511

 

 

 

21,091

 

2021

 

3,731

 

 

 

12,628

 

 

 

16,359

 

2022

 

2,593

 

 

 

4,840

 

 

 

7,433

 

2023 and beyond

 

6,054

 

 

 

1,588

 

 

 

7,642

 

Total

$

24,457

 

 

$

56,206

 

 

$

80,663