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Intangible Assets and Software Development Costs
6 Months Ended
Sep. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Intangible Assets and Software Development Costs

4. Intangible Assets and Software Development Costs

The following table summarizes our intangible assets and software development costs:

 

 

 

September 30, 2019

 

 

March 31, 2019

 

 

 

Gross

 

 

 

 

 

 

Net

 

 

Gross

 

 

 

 

 

 

Net

 

 

 

carrying

 

 

Accumulated

 

 

carrying

 

 

carrying

 

 

Accumulated

 

 

carrying

 

Intangible assets (In thousands)

 

amount

 

 

amortization

 

 

amount

 

 

amount

 

 

amortization

 

 

amount

 

Amortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

10,775

 

 

$

(10,775

)

 

$

 

 

$

10,775

 

 

$

(10,775

)

 

$

 

Non-competition agreements

 

 

2,700

 

 

 

(2,700

)

 

 

 

 

 

2,700

 

 

 

(2,700

)

 

 

 

Developed technology

 

 

10,398

 

 

 

(10,398

)

 

 

 

 

 

10,398

 

 

 

(10,398

)

 

 

 

Trade names

 

 

230

 

 

 

(215

)

 

 

15

 

 

 

230

 

 

 

(192

)

 

 

38

 

Patented technology

 

 

80

 

 

 

(80

)

 

 

 

 

 

80

 

 

 

(80

)

 

 

 

 

 

 

24,183

 

 

 

(24,168

)

 

 

15

 

 

 

24,183

 

 

 

(24,145

)

 

 

38

 

Unamortized intangible assets:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

8,400

 

 

N/A

 

 

 

8,400

 

 

 

8,400

 

 

N/A

 

 

 

8,400

 

Total intangible assets

 

$

32,583

 

 

$

(24,168

)

 

$

8,415

 

 

$

32,583

 

 

$

(24,145

)

 

$

8,438

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software development costs (In thousands)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total software development costs

 

$

67,541

 

 

$

(39,277

)

 

$

28,264

 

 

$

67,541

 

 

$

(32,974

)

 

$

34,567

 

 

The following table summarizes our remaining amortization expense relating to in service intangible assets and software development costs.

 

 

Remaining

 

 

 

Amortization

 

(In thousands)

 

Expense

 

Fiscal year ending March 31,

 

 

 

 

2020

 

$

6,273

 

2021

 

 

12,515

 

2022

 

 

5,403

 

2023

 

 

3,399

 

2024

 

 

689

 

Total

 

$

28,279

 

 

Amortization expense for software development costs related to assets to be sold, leased, or otherwise marketed was $3.1 million and $3.4 million for the three months ended September 30, 2019 and 2018, and $6.3 million and $6.0 million for the six months ended September 30, 2019 and 2018, respectively. These charges are included as costs of goods sold - products in our condensed consolidated statements of operations. Amortization expense relating to other definite-lived intangible assets was $11,500 for the three months ended September 30, 2019 and 2018, and $23,000 for the six months ended September 30, 2019 and 2018. These charges are classified as operating expenses - amortization of intangibles in our condensed consolidated statements of operations along with amortization expense related to our capitalized internal-use software that we classify in Property and equipment, net within the condensed consolidated balance sheets.

Capitalized software development costs for software internally developed to be sold, leased, or otherwise marketed, are carried on our balance sheet at carrying value, net of accumulated amortization. The Company did not capitalize any amounts for external-use software development costs during the three and six months ended September 30, 2019. Current active projects which carry a sufficiently short amount of time between achieving technological feasibility and reaching general availability to preclude capitalization. We capitalized approximately $2.0 million during the six months ended September 30, 2018.