XML 89 R14.htm IDEA: XBRL DOCUMENT v3.20.1
Intangible Assets
12 Months Ended
Mar. 31, 2020
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets

8. Intangible Assets 

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

 

 

 

March 31, 2020

 

 

 

Customer

 

 

 

 

 

 

Software

 

 

 

 

 

 

 

Relationships

 

 

Trade Names

 

 

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

113,700

 

 

$

153,150

 

Accumulated amortization

 

 

(21,951

)

 

 

(17

)

 

 

(73,373

)

 

 

(95,341

)

Net intangible assets

 

$

17,249

 

 

$

233

 

 

$

40,327

 

 

$

57,809

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 trade names recorded as operating expenses in the consolidated statements of net income and comprehensive income was $4,143, $4,344, and $$7,810 for the years ended March 31, 2020, 2019 and 2018, respectively. Amortization expense related to software technology recorded as cost of revenue was $18,393, $17,152, and $15,570 for the years ended March 31, 2020, 2019, and 2018, respectively.

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of March 31, 2020:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

1,846

 

 

 

3,573

 

 

 

5,419

 

2026 and beyond

 

 

2,563

 

 

 

2,493

 

 

 

5,056

 

Total

 

$

17,482

 

 

$

40,327

 

 

$

57,809