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Goodwill and Acquired Intangible Assets
9 Months Ended
Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Acquired Intangible Assets

Note 5 — Goodwill and Acquired Intangible Assets

During the first nine months of fiscal year 2017, the Company’s goodwill increased by $2.6 million, of which $3.8 million related to the acquisition of Arconics, recorded during the third quarter of fiscal year 2017, within the Company’s satellite services segment. The increase was partially offset by the effects of foreign currency translation recorded within all three of the Company’s segments.

During the first nine months of fiscal year 2017, $19.3 million of the increase in the Company’s other acquired intangible assets related to the acquisition of Arconics, recorded during the third quarter of fiscal year 2017, within the Company’s satellite services segment. All other amounts related to the acquisition of Arconics were not significant. Other acquired intangible assets are amortized using the straight-line method over their estimated useful lives of two to ten years. Amortization expense related to other acquired intangible assets was $2.8 million and $4.3 million for the three months ended December 31, 2016 and 2015, respectively, and $7.6 million and $13.7 million for the nine months ended December 31, 2016 and 2015, respectively.

The expected amortization expense of amortizable acquired intangible assets may change due to the effects of foreign currency fluctuations as a result of international businesses acquired. Current and expected amortization expense for acquired intangible assets for each of the following periods is as follows:

 

     Amortization  
     (In thousands)  

For the nine months ended December 31, 2016

   $ 7,565   

Expected for the remainder of fiscal year 2017

   $ 3,192   

Expected for fiscal year 2018

     11,668   

Expected for fiscal year 2019

     9,013   

Expected for fiscal year 2020

     7,259   

Expected for fiscal year 2021

     4,956   

Thereafter

     8,464   
  

 

 

 
   $ 44,552