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Intangible Assets
3 Months Ended
Jun. 30, 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:

 

 

 

June 30, 2020

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

Technology

 

 

Total

 

Gross carrying amount

 

$

39,200

 

 

$

250

 

 

$

113,700

 

 

$

153,150

 

Accumulated amortization

 

 

(23,051

)

 

 

(29

)

 

 

(78,509

)

 

 

(101,589

)

Net intangible assets

 

$

16,149

 

 

$

221

 

 

$

35,191

 

 

$

51,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2020

 

 

 

Customer

Relationships

 

 

Trade Names

 

 

Software

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

 

 

Amortization expense related to customer relationships and trade names recorded as operating expenses in the condensed consolidated statements of net income (loss) and comprehensive income (loss) was $1,112 and $865 for the three months ended June 30, 2020 and 2019, respectively. Amortization expense related to software technology recorded as cost of revenue was $5,136 and $4,288 for the three months ended June 30, 2020 and 2019, respectively.

 

The following table summarizes the remaining estimated amortization of definite-lived intangible assets as of June 30, 2020:

 

 

 

Estimated Remaining Amortization Expense

 

 

 

Operating

Expense

 

 

Cost of

Revenue

 

 

Total

 

For the year ended March 31,

 

 

 

 

 

 

 

 

 

 

 

 

2021 (remaining nine months)

 

$

3,336

 

 

$

11,525

 

 

$

14,861

 

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

 

 

2,564

 

 

 

2,493

 

 

 

5,057

 

Total

 

$

16,370

 

 

$

35,191

 

 

$

51,561