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Intangible Assets
12 Months Ended
Mar. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

During the year ended March 31, 2018, we recorded an impairment of $3,757 to our acquired trade names intangible assets that is reflected within the impairment of assets caption in our consolidated statements of net income and comprehensive income. The impairment was the result of the elimination of certain legacy brand and trade names due to the launching of our new branding, identity, and corporate logo intended to reflect our expanded health technology portfolio following years of recent acquisitions.

Our definite-lived intangible assets, other than capitalized software development costs, are summarized as follows:

 

 

 

March 31, 2019

 

 

 

Customer

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

54,450

 

 

$

94,310

 

 

$

148,760

 

Accumulated amortization

 

 

(39,875

)

 

 

(56,290

)

 

 

(96,165

)

Net intangible assets

 

$

14,575

 

 

$

38,020

 

 

$

52,595

 

 

 

 

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 net income and comprehensive income was $4,344, $7,810, and $10,435 for the years ended March 31, 2019, 2018 and 2017, respectively. Amortization expense related to software technology recorded as cost of revenue was $17,152, $15,570, and $12,027 for the years ended March 31, 2019, 2018, and 2017, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of March 31, 2019:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

1,548

 

 

 

180

 

 

 

1,728

 

2025 and beyond

 

 

2,625

 

 

 

180

 

 

 

2,805

 

Total

 

$

14,575

 

 

$

38,020

 

 

$

52,595