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Acquisitions (Tables)
12 Months Ended
Jul. 14, 2014
Mar. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]    
Schedule of Business Acquisitions, by Acquisition [Table Text Block]
The following is a summary of the fair values of the assets acquired in the acquisition:
(In thousands)
 
Goodwill
$
2,464

Developed technology
1,286

Total assets acquired
$
3,750


The goodwill of approximately $2.5 million arising from the acquisition consists largely of synergies expected from combining the developed technology of Dining Ventures with Agilysys' operations. The goodwill from this acquisition is deductible for tax purposes over a period of 15 years.

The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.
 
 
 
Weighted-average
 
Purchased assets
 
useful life
Developed technology
$
1,286

 
5 years
The following is a summary of the estimated fair values of the assets acquired and liabilities assumed from the acquisition:
(In thousands)
 
Current assets
$
327

Property and equipment
88

Goodwill
3,444

Developed technology
605

Total assets acquired
4,464

Total liabilities assumed (all current)
914

Net assets acquired
$
3,550

Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]  
The following is a summary of the intangible asset acquired and the weighted-average useful life over which it will be amortized.
 
 
 
Weighted-average
 
Purchased assets
 
useful life
 
 
 
 
Developed technology
$
605

 
5 years

The developed technology acquired from TMC was determined to be software to be sold, leased, or otherwise marketed, and is therefore carried in intangible assets on the balance sheet and is amortized on a straight-line basis as Products cost of goods sold within the Consolidated Statements of Operations. As of March 31, 2016, in connection with the partnership entered into to resell a third party workforce management solution, we determined that the remaining net book value of the acquired developed technology exceeded its net realizable value resulting in an impairment charge of $0.3 million.