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Intangible Assets
3 Months Ended
Jun. 30, 2019
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:

 

 

 

June 30, 2019

 

 

 

Customer

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

32,400

 

 

$

93,000

 

 

$

125,400

 

Accumulated amortization

 

 

(18,690

)

 

 

(59,268

)

 

 

(77,958

)

Net intangible assets

 

$

13,710

 

 

$

33,732

 

 

$

47,442

 

 

 

 

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

 

 

During the three months ended June 30, 2019, we retired $23,360 of fully amortized intangible assets. Amortization expense related to customer relationships recorded as operating expenses in the condensed consolidated statements of comprehensive income was $865 and $1,168 for the three months ended June 30, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,288 and $4,287 for the three months ended June 30, 2019 and 2018, respectively.

The following table summarizes the remaining estimated amortization of intangible assets as of June 30, 2019:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2020 (remaining nine months)

 

$

2,595

 

 

$

12,864

 

 

$

15,459

 

2021

 

 

2,803

 

 

 

13,268

 

 

 

16,071

 

2022

 

 

2,273

 

 

 

5,480

 

 

 

7,753

 

2023

 

 

1,866

 

 

 

1,760

 

 

 

3,626

 

2024

 

 

1,548

 

 

 

180

 

 

 

1,728

 

2025 and beyond

 

 

2,625

 

 

 

180

 

 

 

2,805

 

Total

 

$

13,710

 

 

$

33,732

 

 

$

47,442