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Intangible Assets
6 Months Ended
Sep. 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:

 

 

 

September 30, 2019

 

 

 

Customer

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

32,400

 

 

$

93,000

 

 

$

125,400

 

Accumulated amortization

 

 

(19,554

)

 

 

(63,556

)

 

 

(83,110

)

Net intangible assets

 

$

12,846

 

 

$

29,444

 

 

$

42,290

 

 

 

 

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

 

 

Amortization expense related to customer relationships and contracts recorded as operating expenses in the condensed consolidated statements of comprehensive income was $864 and $1,121 for the three months ended September 30, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,288 and $4,288 for the three months ended September 30, 2019 and 2018, respectively.

Amortization expense related to customer relationships and contracts recorded as operating expenses in the condensed consolidated statements of comprehensive income was $1,729 and $2,289 for the six months ended September 30, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $8,576 and $8,575 for the six months ended September 30, 2019 and 2018, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of September 30, 2019:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2020 (remaining six months)

 

$

1,730

 

 

$

8,576

 

 

$

10,306

 

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

 

 

2,626

 

 

 

180

 

 

 

2,806

 

Total

 

$

12,846

 

 

$

29,444

 

 

$

42,290