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Intangible Assets
9 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

6. Intangible Assets

Our definite-lived intangible assets, other than capitalized software development costs, are summarized as follows, and reflects the acquisitions of Entrada, EagleDream and Inforth (see Note 4):

 

 

 

December 31, 2018

 

 

 

Customer

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

54,450

 

 

$

94,310

 

 

$

148,760

 

Accumulated amortization

 

 

(38,847

)

 

 

(52,002

)

 

 

(90,849

)

Net intangible assets

 

$

15,603

 

 

$

42,308

 

 

$

57,911

 

 

 

 

March 31, 2018

 

 

 

Customer

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

54,450

 

 

$

94,310

 

 

$

148,760

 

Accumulated amortization

 

 

(35,531

)

 

 

(39,138

)

 

 

(74,669

)

Net intangible assets

 

$

18,919

 

 

$

55,172

 

 

$

74,091

 

 

Amortization expense related to customer relationships and contracts recorded as operating expenses in the consolidated statements of comprehensive income was $1,028 and $1,956 for the three months ended December 31, 2018 and 2017, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,288 and $4,127 for the three months ended December 31, 2018 and 2017, respectively.

 

Amortization expense related to customer relationships and contracts recorded as operating expenses in the consolidated statements of comprehensive income was $3,317 and $6,015 for the nine months ended December 31, 2018 and 2017, respectively. Amortization expense related to software technology recorded as cost of revenue was $12,863 and $11,335 for the nine months ended December 31, 2018 and 2017, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of December 31, 2018:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2019 (remaining three months)

 

$

1,028

 

 

$

4,288

 

 

$

5,316

 

2020

 

 

3,460

 

 

 

17,151

 

 

 

20,611

 

2021

 

 

2,803

 

 

 

13,268

 

 

 

16,071

 

2022

 

 

2,273

 

 

 

5,480

 

 

 

7,753

 

2023

 

 

1,866

 

 

 

1,761

 

 

 

3,627

 

2024 and beyond

 

 

4,173

 

 

 

360

 

 

 

4,533

 

Total

 

$

15,603

 

 

$

42,308

 

 

$

57,911