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Intangible Assets
9 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

7. Intangible Assets

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

 

 

 

December 31, 2019

 

 

 

Customer

 

 

 

 

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Trademarks

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

113,700

 

 

$

153,150

 

Accumulated amortization

 

 

(20,515

)

 

 

(4

)

 

 

(68,237

)

 

 

(88,756

)

Net intangible assets

 

$

18,685

 

 

$

246

 

 

$

45,463

 

 

$

64,394

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 trademarks recorded as operating expenses in the condensed consolidated statements of comprehensive income was $964 and $1,027 for the three months ended December 31, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $4,681 and $4,288 for the three months ended December 31, 2019 and 2018, respectively.

Amortization expense related to customer relationships and trademarks recorded as operating expenses in the condensed consolidated statements of comprehensive income was $2,694 and $3,316 for the nine months ended December 31, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $13,257 and $12,863 for the nine months ended December 31, 2019 and 2018, respectively.

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

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2020 (remaining three months)

 

$

1,449

 

 

$

5,136

 

 

$

6,585

 

2021

 

 

4,449

 

 

 

16,661

 

 

 

21,110

 

2022

 

 

3,525

 

 

 

8,873

 

 

 

12,398

 

2023

 

 

2,820

 

 

 

5,154

 

 

 

7,974

 

2024

 

 

2,279

 

 

 

3,573

 

 

 

5,852

 

2025 and beyond

 

 

4,409

 

 

 

6,066

 

 

 

10,475

 

Total

 

$

18,931

 

 

$

45,463

 

 

$

64,394